Topic: The number of jobless people has crossed one million in US - worrying sign? - page 4. (Read 616 times)

I might sound rude, but OP dont need to dramatize. There were always unemployed people in the US and around the world. COVID-19 is not a main reason for that. I was not that in 2019 everyone had a job, and starting from 2020, when lockdown waves started to crash world economy and "number of jobless people has crossed one million in US".

According to statista, In 2019, the unemployment rate among the United States population ranged at approximately 3.68 percent..

Population 308,401,808 * 3.68 = 1 134 918 654 in 2019.

This should be a wake up call for people to vote for the most deserving and efficient leader. This couldn't have happened if they do their job that they promise to do during their campaign. I have lost my faith in people trying to run for offices because most of them get their power trip once they are seated on it, maybe putting a law where they should do their promises within a 2-3 year period and if they do not deliver then remove them.

It is not just in the US with a high number of jobless people, but the other countries will also have the same experience, especially in this pandemic. Many people lost their jobs because of lockdown happens in almost countries, so that has an impact on the countries, but after the new normal, people seem to find a new job, so they can still survive. We can now try to get our needs by doing many things to earn money, so we can help the government reduce those numbers.

Yeah! This pandemic slowly killing us from hunger . Cutting large portion of manpower, job freeze hiring and business enclosures are the main dilemma we are facing right now despite what country you reside. Thus I feel sorry for your loss bro. However we should continue moving because we don't have any choice either. Good for us to have a sig campaign. At least we still have a source of income, isn't it?

Let us pray for the best, the vaccine is on its way. So endure a couple of months more.

The same is happening in the country I live in and I think in almost every country the unemployment rate has risen because of Covid-19, which has worsened business resulting in companies laying off workers and some laying off their jobs.
and social restrictions also affect it and there are many other reasons that cause increased unemployment due to this pandemic, I am one of the people who lost my job because the company had to temporarily delay until this pandemic was over without a definite time.

I have a feeling the unemployment rate bottomed out in July, and is now bouncing back to higher levels seen in April-May. The improvement between June and July was marginal and we're now seeing worrying weekly numbers. I think there was a notable "reopening bump" that simply won't sustain through the year.

V-shaped recovery in asset markets? Yes. In the economy? No......

Almost every country in the world suffers from the same problem that is unemployment and economic collapse. Many have lost their jobs due to the destructive effect of corona virus to us. The government is trying to do their best for their constituents, but maybe it's just too hard to fight this pandemic. Now that the anti-covid vaccine is about to launch, I hope it will go well and to restore the normal movement of the people in different countries.

Unemployment rate are still expected to increase due to the high number ofcorona virus victims. Even if a good vaccine will now be available, countries economy will still take long years for recovery and US is not an excemption to that. Hopefully this new normal might be the start to lessen the jobless people since some of them are already asked to go back to work having their masks and sanitizers with them all the time.

If it is that many jobless people, everyone should worry about it. Moreover, if they are involved in one of the jobless people. But, society is smart enough and they probably can create something new, backed by the government.
However, the influence of the USD to the world right now is still high although the value is decreasing. So, what to do? Probably each country should utilize this situation? It may not be easy enough.

The entire world has been screwed by COVID-19 and it will take years for the economies to recover which is why the USA is not an exception just because they are the most advanced and developed country in the world.

Unemployment rates are high everywhere. World governments are trying their best to contain the spread while allowing their people to work. Trump clearly handled the situation in a horrible manner due to which the USA tops the Corona rankings.

Even if Biden wins, the unemployment rates there won't go down anytime soon. This is a long term problem which we simply need to endure.

Definitely think it is a worrying sign. The United States, unlike many other countries, doesn't have a coordinated effort to tackle COVID. While certain states may have seen their COVID cases decline, other states have seen their cases increase. This lack of coordination and the extent to which the domestic supply chain is intertwined will be a cause of concern for a net gain in jobs.

One million? Are you kidding me? Where did you get this number from? There is above 16 million unemployed people in the USA, you can check this by simply googling because USA do share that information and I believe it is a true one because they do not have to hide it or not a country like that (like some countries such as China saying they have zero unemployed people which is impossible).

So, what you think is "scary" is actually 16x times worse right now, so you have to realize how horrible it is going. During the pandemic period there was over 30 million sort of unemployed people as well, not all of them were completely unemployed they were just left to unpaid leave so that they were still at that company so looked employed but they didn't go to work and they didn't get any money.

With this happening, there are going to be more people who will be looking for opportunities in different places and various industries. Taking advantage of everything that people could make their hands on. As more and more people experience this, it's only a matter of time to blame something or someone about it. I feel that the most affected ones are the financial sector because of the needed "injection" of money to the economy. Since there are fewer tax payers, there would have an effect on how the government is making money about it, and they need to sustain their growth, possibly result in printing money. It's a worrying sign for sure.

Idk what happens around you but I see a lot of people who share the idea that "Trump is not my president".  It's always easy to blame someone but of course, because of this virus number of unemployment has significantly risen, sadly as it should have been. It's another task whether trump did right actions in correct way and time and etc. Situation was especially worse in America, there are still a lot of people who don't care about corona virus and just want to continue life normally and don't care whether they get affected by this virus or not and I totally understand to them, at some point I was in their queue but things need much more clarification and deep analytics rather than just easily blaming someone.


This crisis isn't a lesson for anyone. Sometimes things happen as someone wants to be. If it's a lesson, then why do we have experts in economics? Then change this title and it will be whole different tasks.

What is clear is that this year is a year of crisis due to the pandemic and also, to be able to recover the economy will not be easy and it will definitely take more time, when they claim unemployment continues to increase then I think it is natural because the situation because this pandemic has destroyed everything. If, the Democrats want this economic recovery to be carried out quickly so that they continue to press against the Trump leadership, in the end it will only make the chaos continue to increase, because a process for recovery is a long process and will not be completed quickly for maximum recovery.

After pandemic, it's clear that our economy will feel precision and there are too many people are also affected not only jobless people, also those small businesses are also affected. It might the only option that the government should do is to reopen the business that was temporarily closed and divide the employee's workday by half, so that the employment rate would slowly rise until the vaccine is released and ready to be used.

Worrying sign, maybe. Not only in the US but also in other countries. It's worldwide and I think all of us has been suffered and the war of the pandemic was not yet end.

Now it has reach 1 million, I think they will accept the economy collapse in the future years of USA coz most likely they are going to have an another batch of stimulus checks that will slows down their slow recovery. As this will be highly to occur, expect the more weakening of the dollar. In my local currency dollar is -8% in conversion rate, freaking high in terms of currency volatility.

I think the pandemic won't end in November where the election is set to occur, is there any possibility that it will be delayed? I don't think online election won't work. 

The rising rate of unemployment was really a worrying sign for a country and of course its government as well for they must be concern to the welfare of their people specially that we are still currently in a crisis brought by this covid-19 pandemic. US is not already surprising to experience such thing for they are still the one who is leading with the most number of infected cases worldwide that is why to be able to somehow control or prevent the further spread of virus, it is in need to temporarily close down work places that results to unemployment of many people amid with the existence of this pandemic.

Well actually, US is not just the only country facing this problem for there are also other countries that are dwelling with this problem as well like here in my country where there are lots of unemployed individuals mostly on the public transportation that up until now are still not allowed to operate although some are already allowed but in need to get certification to be able to do such. But the unemployment rate have already come into a decrease because slowly workplaces are opening and there are already work from home individuals. Hopefully once the vaccine became available in the market, this will be resolved the problem with regards to unemployment.

unemeployment in usa is vastly higher than the official numbers. The numbers they print for usa employment are faker than the zec orderbook

Came here to to say exactly this. The number that OP is referring to in his article is just the new jobless claims. The actual number of unemployed people is more like 30 million (Source from 24.07.: https://www.forbes.com/sites/sarahhansen/2020/07/24/30-million-are-unemployed-and-more-pain-is-on-the-way-here-are-8-numbers-that-sum-up-the-destruction-in-the-us-labor-market/).

Imho it makes more sense to look at the unemployment rate rather than total numbers. And the unemployment rate peaked in April at 14.7 % and is since then declining slowly but steadily (https://tradingeconomics.com/united-states/unemployment-rate). It will be interesting to see the number for August.