According to the data published by the DOL, seasonally adjusted weekly jobless claims from the week of March 21st spiked to 3.28 million. This is a record figure, which is more than 1427% higher than the previous level. The indicator has grown more than 4 times!

The growth rate in the United States is not an isolated phenomenon. In other countries, the unemployment rate is also rising.

A sharp increase in unemployment on a global scale is likely to adversely affect the global economy, already affected by the coronavirus.

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