১৮ই জানুয়ারি, ২০২১ খ্রিস্টাব্দ | ৪ঠা মাঘ, ১৪২৭ বঙ্গাব্দ | ৫ই জমাদিউস সানি, ১৪৪২ হিজরি

22 million American have lost their jobs. Unemployment rate likely nearing 18%


ফটোনিউজবিডি ডেস্ক: | PhotoNewsBD

১৬ এপ্রিল, ২০২০, ৩:৫৩ অপরাহ্ণ

Another 5.2 million Americans registered for unemployment benefits last week as businesses remain shut amid the coronavirus lockdown.
In the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of
1,370,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 6,606,000 to
6,615,000. It is impossible to see a near-term upturn in employment prospects. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised
average. The previous week’s average was revised up by 2,250 from 4,265,500 to 4,267,750.
The advance seasonally adjusted insured unemployment rate was 8.2 percent for the week ending April 4, an increase
of 3.1 percentage points from the previous week’s unrevised rate. This marks the highest level of the seasonally adjusted
insured unemployment rate in the history of the seasonally adjusted series. The previous high was 7.0 percent in May of
1975.
The advance number for seasonally adjusted insured unemployment during the week ending April 4 was 11,976,000, an
increase of 4,530,000 from the previous week’s revised level. This marks the highest level of seasonally adjusted insured
unemployment in the history of the seasonally adjusted series. The previous week’s level was revised down by 9,000
from 7,455,000 to 7,446,000. The 4-week moving average was 6,066,250, an increase of 2,568,500 from the previous
week’s revised average. The previous week’s average was revised down by 2,250 from 3,500,000 to 3,497,750.

Last week saw the biggest jump in new jobless claims in history, surpassing the record of 695,000 set in 1982.

Many economists say this is the beginning of a massive spike in  unemployment that could result in over 40 million Americans losing their jobs by April.

Laid off workers waiting hours on the phone to apply for help. Websites in several states, including New York and Oregon, slow because so many people were trying to apply at once. For US it is just a beginning of applying for unemployment.

US government passed the largest aid package for struggling American workers, business and hospitals. April 15, many people received $1200 checks.

“Records are being broken left and right with respect to the depth and breadth of the current downturn,” said Mark Hamrick, senior economic analyst at Bankrate.com. “With no immediate end in sight to efforts aimed at mitigating the virus’ spread and impact, it is impossible to see a near-term upturn in employment prospects.”

What is the Unemployment % for Bangladesh today?

Population of 161.4 million, a big %  of people are unemployed every year. 

Bangladesh’s tremendous economic growth has been unable to create jobs proportionately over the past decade, raising questions about the significance of the growth for a large section of the population.

Besides, female participation in the labour force shrank in the last nine years, especially in rural areas, according to a government study on employment, productivity and sectoral investment in Bangladesh.