30 Million Americans Filed For Unemployment Since Pandemic Began

The video discusses the severe impact of the COVID-19 pandemic on the labor force, highlighting 30 million jobless claims over six weeks. It emphasizes the human aspect behind these numbers and reports on the economy's worst contraction since the Great Recession. Federal Reserve Chair Jerome Powell anticipates a double-digit unemployment rate. Despite the grim data, the Congressional Budget Office and President Trump express optimism for an economic rebound in the latter half of the year.

What event led to widespread business closures and a surge in jobless claims?

• A government shutdown

• The coronavirus pandemic

• A financial crisis

• A natural disaster

How many jobless claims were filed in the six weeks mentioned in the video?

• 10 million

• 20 million

• 30 million

• 40 million

What did the Commerce Department report indicate about the economy?

• It was improving rapidly

• It had its worst contraction since the Great Recession

• It was growing steadily

• It was unaffected by the pandemic

What is the expected unemployment rate according to Jerome Powell?

• Triple digits

• Double digits

• No change

• Single digits

What is the Congressional Budget Office's forecast for the economy?

• A rebound in the second half of the year

• A stable economy

• No significant change

• A continued decline