Unemployment rate in the U.S. will surpass that of the Great Depression because of Coronavirus, economist are saying
If you think things are bad now, read this... During the Great Depression the unemployment rate was 25%. Economist are saying that it is going get worse after the covid-19 pandemic is over.
Economist from the Federal Reserve a warning not the coronavirus pandemic push the U.S. unemployment rate way above 32% by the end of June, according to democracynow.org
With most businesses closed in the United States, not only are employees not being able to pay that bills, we have to realize that the employers have bills themselves.
Those big buildings.
A friend of mine who worked at Staples in one of the shopping malls told me the company pays $60,000 a month rent for that space where Staples is located in the mall.
Another person who works at a dealership said that the dealer does not own the building world is cars apart they have to pay rent every month
When you take into account that the business is closed or barely opened for a month, there's no money coming in and they still have to pay rent every nonth.
When this is all over the entire job market will be upside down for both employers and employees.
Tags: In the News
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