Chart: Black Americans have faced pandemic-level unemployment for a decade

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Unemployment rates reveal a lot more than job loss—they show the economic effects of racism. In March, the New York Times gave up its most valuable real estate—the right hand column— for a bar chart that showed the staggering and unprecedented 3.3 million unemployment claims brought on by the coronavirus pandemic. That number only increased, and by April unemployment in the United States was at a record 14.7%. Read Full Story

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Eye-popping 3.3 million new unemployment claims: These states were hardest hit

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The coronavirus pandemic is wreaking havoc on the economy, and new jobless claims are soaring. Remember when, last week, the Trump administration asked states to stay hush-hush about how many people were applying for unemployment? Those numbers are now public: Nearly 3.3 million Americans filed new unemployment claims last week , meaning that more than 5 million Americans will soon be receiving unemployment benefits as the coronavirus pandemic continues to ravage the economy. In graphics, the chart looks like this: Read Full Story

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This map shows where Americans are most at risk of eviction

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As extra $600 weekly federal unemployment nears its end, paying the rent may become even harder for millions of Americans still out of work due to the coronavirus. Here’s where the problem is most acute. As businesses that closed because of the pandemic begin to reopen, millions of Americans are still unemployed. By the end of July—unless the government acts—they’ll stop getting the extra federal unemployment benefit of $600 a week that came as part of the CARES Act. For as many as 6.7 million renters, that might mean facing eviction. Read Full Story

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Stock futures rise despite jobs report showing worst post-WWII unemployment

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The United States shed 20.5 million jobs in April as the ripple effects of the coronavirus pandemic tore through the economy. The United States shed 20.5 million jobs in April as the ripple effects of the coronavirus pandemic tore through the economy and shutdown orders forced business to close their doors. According to the monthly report by the Bureau of Labor Statistics, the unemployment rate in April was a staggering 14.7%, the highest on record in the post-World War II era. Read Full Story

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$600 unemployment benefit ending will hurt people in these states the most

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Maximum benefits by state range from $823 down to only $235, so when that extra bump goes away, many of the unemployed will be hurting. The extra $600 that has been tacked on to the unemployment checks of millions of workers laid off because of the COVID-19 pandemic is about to dry up. On July 25—a week earlier than originally announced—the unemployed will go back to collecting the benefit allowed by their home state. Read Full Story

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‘All business cannot be digital’: Wide-ranging survey shows harrowing economic impact of COVID-19

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A new report details the struggles and challenges of approximately 86,000 small- to medium-sized business owners, managers, and employees. We knew it was bad (COVID-19, the economy, unemployment, etc.), but a new report from Facebook and the Small Business Roundtable that details survey responses from approximately 86,000 small- to medium-sized business owners, managers, and employees shows just how hard the pandemic hit this vital section of the U.S. business landscape. Read Full Story

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Consumers Turned More to These Online Services During the Pandemic

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Even before the pandemic, people were heading online to shop, watch videos, keep up-to-date with friends and family and read the news. However, the pandemic has led to increased use of certain online services. Here’s what a Morning Consult survey of 2,200 US adults shows about who is turning to online services on a daily… Read More » The post Consumers Turned More to These Online Services During the Pandemic appeared first on Marketing Charts .

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See how the death rate from COVID-19 is slowing down, in 3 charts

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There’s reason to be cautiously optimistic. Almost as soon as the COVID-19 pandemic began, graphs and many other visualizations charting the rise of the virus started to multiply. Many show the cumulative number of deaths attributed to the virus. This number, of course, will always rise, but will also – eventually – plateau. A cumulative total can never fall. Read Full Story

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Jobless apocalypse continues: 5.24 million applied for new unemployment benefits last week

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The numbers are astoundingly sad: 22 million people are newly unemployed in the wake of this pandemic. The shift from employment to unemployment continues on a mass scale: 5.24 million people applied for initial unemployment benefits last week . This means that over 15 million people, or 10% of the workforce, have lost their jobs in the last three weeks alone. Read Full Story

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