Unemployment is spreading in America … Federal aid is a lifeline...

Unemployment is spreading in America … Federal aid is a lifeline...
Unemployment is spreading in America … Federal aid is a lifeline...

Host Christine Lamberes continued to work after her husband lost his job when the new Corona virus caused the closure of businesses across the United States, but she soon found herself, too, without a job, according to the “French”.
“We both feel a lot of fear. I don’t want to live on unemployment benefits and I don’t want to take money from other people,” said Lamberes, an employee of United Airlines and a member of the Flight Attendant Union.
The expiration of the deadline to provide federal aid to save jobs this week set the stage for a second round of layoffs in the world’s largest economic power, as Covid-19 caused tens of millions of people to lose their jobs.
Key sectors have begun to recover from the shock of the emerging Corona virus, although layoffs are still a usual thing, but with the arrival of lawmakers in Washington to a dead end on increasing spending to stimulate the economy, the question now is whether the progress will be sustainable.
“Even without stimulus, we can get better earnings than people expect,” said corporate economics expert Robert Frick of the US Naval Forces Credit Union on the employment report.

– “You will not be compensated” –

The lockdown measures that began in March to stem the COVID-19 outbreak pushed unemployment rates to 14.7 percent in April, although they have since decreased.
The congressional approval of a $ 2.2 trillion aid package (the Cares Act) in March contributed to somewhat limiting losses.
Airlines hit hard by reduced travel demand were given aid in exchange for continuing to pay employees’ salaries until the end of September.
The Cares Act also supported consumer spending by providing an additional $ 600 per week financial aid for unemployed employees, a major financial aid for low-income employees.
“I was getting unemployment compensation every week equal to the income I was getting every two weeks from my work at the zoo,” said Nashwan Cooper, who was laid off from his job at the Atlanta Zoo when the pandemic hit.
But the failure of Congress and the administration to agree to extend the additional payments, which had expired at the end of July, cut the aid that Cooper was getting to $ 160 a week, an amount he says is barely enough to pay the bills.
The Democrats and Republicans resumed their negotiations this week, but it seems too late for airlines that have watched the September 30 deadline pass without the aid they sought from Congress.
American Airlines announced that it would lay off 19,000 employees, while United Airlines announced its decision to lay off 13,000.
Lambires, who lives in California close to Disneyland, predicts she will have to compete for jobs with about 28,000 people this week the city of toys announced their layoffs.
“I don’t think the job will be what I would like. It certainly will not replace the salary I was getting,” she said.

– Signs of hope –

Analysts are warning that the stalemate in the stimulus plan will ultimately affect the US economy.
Ministry of Labor data showed that 837,000 new applications for unemployment benefits were registered last week, a number that is still higher than that recorded in the worst week since the financial crisis (2008-2010).
But Frick said that indicators such as increased requests to start new businesses and data linked to restaurant reservations, car sales and travel reveal some sectors are recovering, which is bringing jobs.
“Among the things that I think miss the experts who set expectations is the question of how innovative the economy is,” he said.
Georgia was among the first states to restart its economy after the lockdown. Cooper noted that he had found many vacancies, especially in the retail sector.
“I am not in a relaxed state, I am not sitting comfortable saying that I do not need to work,” he said. Cooper will give a job interview next week, but he said, “If it doesn’t work, I will continue to look for a job.”

Today’s report showed that US job growth slowed more than expected in September as the recovery ebbed from a Covid-19-driven decline as government funds ran out and the pandemic continued, leaving many at risk of becoming permanently unemployed, according to Reuters.
And in the latest monthly employment report ahead of the presidential elections scheduled for the third of November, the US Labor Department said today that jobs in the non-agricultural sectors rose 661,000 last month, after rising by 1.489 million in August.
Employment growth peaked in June, when the number of jobs jumped at a record rate of 4,781 million.
The unemployment rate fell to 7.9 percent in September from 8.4 percent in August. While the unemployment rate has fallen from a peak in April of 14.7 per cent, it has been affected by people who mistakenly classify themselves as “working but absent from work”.

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