Connect with us

Economy

Weekly Unemployment Claims Surpass Great Recession Peak By Ten-Fold

Published

on

There were 6.6 million Americans who filed for unemployment insurance during the week of April 4 which surpassed the Great Recession peak by ten-fold.

According to the White House Council of Economic Advisers, the number of “initial weekly claims” peaked at 665,000 filings during the Great Recession.

“Over the past three weeks, 16.8 million initial UI claims were filed- over 10% of the 159 million US workers in Feb 2020. Since not all workers who lost their jobs have filed for UI, this measure likely understates job losses since March 15,” they wrote in a tweet.

They continued, “Insured employment, which measures approved initial UI claims, increased from $3.1 million to 7.5 million in the week ending March 28- surpassing the Great Recession peak of 6.6 million to become the highest level on record.”

Click here to read the recent unemployment report.

You may like

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Massachusetts Democrat Mayor wants to end ‘right-to-shelter’ law amidst migrant crisis

Published

on

GettyImages 1086451916 scaled

More Democrat leaders from non-border states are wising up to the immigration crisis our nation faces. Woburn mayor Scott Galvin, of the progressive state of Massachusetts, is hoping that lawmakers will overturn a 40-year-old law because the reality of being “bleeding heart liberals” is resulting in the demise of his town.

The 40-year-old “right-to-shelter” law has got to go, says mayor Galvin, because of the immense strain the thousands of migrant families are putting on the area’s residents. By Friday, there were about 150 families living in the city’s hotels, an “unsustainable” arrangement for his 40,000 constituents.

Galvin told the New York Times the right-to-shelter law, which only exists in Massachusetts, was “passed at a different time, and was not meant to cover what we’re seeing now.”

National Review reports:

Under the 1983 right-to-shelter law, Massachusetts officials are legally required to offer housing to any homeless families seeking shelter in the state. The law now covers a rising influx of migrant families, although individuals are not covered under its provisions.

“We’re going above and beyond, while some communities around us are not being impacted, and we don’t have endless capacity in our schools,” said Galvin. “The benefits that are bestowed on migrants make the state a very attractive destination, and without some changes, this challenge is not going to abate.”

Massachusetts Democrat Governor Maura Healey already declared a state of emergency on August 8th, requesting help from the federal government. On August 31, Healey activated up to 250 Massachusetts National Guard members to assist the more than 6,000 migrant families already in the state’s shelter system.

Approximately 6,300 families are living in emergency shelters and hotels across the state, up roughly 50 percent from the year prior. The cost for such accommodations for all the migrants is approximately $45 million per month, National Review reports.

You may like

Continue Reading

Trending