The US Labor Department on Thursday announced a historic jump in unemployment as a whopping 3.3 million Americans filed for benefits last week. The number far surpasses the last record-breaking weekly jump when nearly 700,000 Americans lost their jobs in 1982. According to the Washington Post, “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.” So many people applied for unemployment benefits that in several states websites crashed with the flood of online applications and those applying over the phone had hours long wait-times. In February the rate of unemployment was 3.5% and now it has jumped to 5.5 percent. The Post further explained that, “A lot of workers are not allowed to apply for unemployment benefits, meaning the true number of layoffs so far due to the coronavirus is likely far higher than 3.3 million. Self-employed workers, gig workers, undocumented workers, students, and people who worked fewer than six months last year are typically not eligible to apply for unemployment insurance in most states.”
The disturbing numbers of unemployed came just after US Senate finally voted on and unanimously passed a massive economic stimulus package to the tune of $2.2 trillion – a number that was previously so unimaginable that most lawmakers scoffed at the price tag for a Medicare-for-All program that ran into trillions of dollars over ten years. The Senate bill includes, among other things, assistance to State governments, $350 billion in loans for small businesses, emergency unemployment insurance, assistance for hospitals and healthcare organizations, and payouts to Americans who make less than $75,000 a year. On Wednesday, as debate over the bill went late into the evening, Senator Bernie Sanders slammed a proposed amendment by four Republican Senators who attempted to reduce benefits to low-wage workers because it may result in them bringing home slightly higher amounts than their normal pay. The Senators were Lindsey Graham (S.C.), Ben Sasse (Neb.), Rick Scott (Fla.) and Tim Scott (S.C.). Here is Sanders on the floor of the Senate denouncing the amendment. The House will now take up the Senate bill and expects to vote on it by Friday. House Speaker Nancy Pelosi predicts that it will pass with, “a strong bi-partisan vote.”
Meanwhile the Covid-19 virus continues to ravage the United States with nearly 70,000 people confirmed to be infected and 1,046 deaths. Of the deaths, more than a quarter – 280 – were attributed to New York state alone, mostly in New York city. The New York City convention center is being turned into a makeshift hospital and in Louisiana hotels are being converted while state parks are being used as isolation sites. According to Associated Press in New York city, “A makeshift morgue was set up outside Bellevue Hospital, and the city’s police, their ranks dwindling as more fall ill, were told to patrol nearly empty streets to enforce social distancing.