Economists predicted US strongest unemployment in 100 years

US, WASHINGTON (ORDO NEWS) — The United States expects the strongest surge in unemployment since the Great Depression. This opinion was expressed by analysts at Bloomberg Economics, the material was published on Sunday, May 31.

On June 5, the US Department of Labor is due to release an unemployment report. According to economists, the agency will report an increase in unemployment in the country to 19.6%, which is the highest value in 100 years.

The agency expects that by the end of the year the level will decrease and amount to 10% due to economic recovery.

In late April, the UN reported that in the second quarter of 2020, 195 million people worldwide will lose their jobs due to the coronavirus pandemic.

On April 25, Assistant to the President of Russia Maxim Oreshkin called the situation in the modern world the worst crisis since World War II. He pointed to the growing unemployment in different countries of the world and a serious effect on the dynamics of the economy in a very short period of time.

An outbreak of SARS-CoV-2 virus COVID-19 disease occurred in Wuhan, China, in late December. On March 11, the World Health Organization (WHO) announced the world’s largest coronavirus pandemic.

According to Worldometer, as of May 31, more than 6.1 million cases of COVID-19 were detected in the world, of which more than 371 thousand were fatal. During the pandemic, more than 2.7 million people were cured of the infection.

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