Unemployment in the United States is close to the Great Depression

The number of applications for unemployment benefits in the U.S. last week amounted to 4.4 million. In total, since the beginning of quarantine, introduced in the U.S. in mid-March, the number of applications for the benefit has already exceeded 26 million, reports the TV channel CNBC co citing data from the Ministry of Labor.

At the same time analysts note that the real unemployment rate is even higher, as by the beginning of quarantine in the U.S. there were already 7.1 million unemployed.

Thus, the total number of the unemployed, taking into account the submitted applications for benefits has already exceeded 33 million, which means that the unemployment rate in the country has reached 20.6% – the highest rate since 1934.

It is noted that in 1933, during the Great Depression, the unemployment rate reached 24.9%.

Earlier, on April 22, more than 40% of U.S. residents admitted that they lost their jobs or faced salary cuts due to the Coronavirus Pandemic.

According to Johns Hopkins University, which makes calculations on the basis of reports from the U.S. authorities, the World Health Organization and other official sources, more than 841.5 thousand cases of coronavirus infection were recorded in the United States. There were 46,769 deaths and 152,286 recoveries.