I was scrolling through the news and suddenly read that the number (claims) of jobless people in US had crossed 1.1 million, and in my personal opinion this is bad news for the US economy which is already struggling to bounce back from Covid19 effects.
Furthermore the Democrats have continued to blame Trump for the economic mess that US is currently facing, but the voters yet believe in his ability to stabilise the economy.
What do you’ll think is it right to say that the US V shaped economy won’t recover this year, or it’s only matter of few months before it recovers?.
While polls suggest that voter approval of his handling of the economy remains relatively strong, Democrats are blaming him for the crisis.
Source:
https://www.bbc.com/news/business-53852315?intlink_from_url=https://www.bbc.com/news/topics/c1038wnxypvt/us-economy&link_location=live-reporting-storyHarsh Reality:
US is a developed nation and therefore if the situation there is like that its even worse in other nations.
At the same time the real account is much worse , there are many more people without a job even in the US alone .
Its not just a warning sign but its even worse , we have been dealing with this since a lot of time but this time due to pandemic the situation is dire.
*Let us consider those small nations where people are dying of hunger and joblessness way before pandemic , the media is never focusing on those nations
*There are countries there have been cases of people not being able to afford even medical care , let alone support their families
*Hospitals and big businesses are taking unreasonable amount from the people causing them to turn to traditional medicines which might not only give fake hopes but also cause harm in some cases.
This is not a red sign
Its a sign that the whole government needs to be changed
The whole economy needs a reset