The United States has the most number of Coronavirus cases in the world. It also has the most number of deaths due to the disease. The pandemic has hit the country the worst and the situation is only getting worse. The US economy is also facing many problems because of this. Many states have ordered a full lockdown. Thus, most businesses are shut. Many people are not even earning anything.
US Lockdown: Job Situation Worsens
Since many companies are not earning anything, it is difficult for them to keep paying their employees. Therefore the job situation is getting worse all the time. In the month of April alone, 20 million people in the US lost their jobs. This is highest ever in a month in US history. Moreover, the unemployment rate in the United States is now 14.7%. The rate has not hit this level since the great depression. The great depression took place almost a century ago.
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US Coronavirus Lockdown: Effects Of Stimulus Package
The US economy has been falling fast. Therefore, the government had announced a stimulus package to spur the economy forward. Citizens of the US were eligible to receive $1200 from the government. But this has not had much of an effect on the economy. The stimulus package has only put a financial strain on the US government and many people are saying that the government should have spent the money on healthcare.
The US healthcare system is very strained right now. Many states do not have enough equipment to deal with the number of Coronavirus cases. Therefore, the government should have used the money for healthcare equipment.
US Coronavirus Lockdown: More Aid On The Way
There are reports that the government is planning another round of stimulus checks. But this would be very flawed for the country. The healthcare equipment is still very low, and the cases keep increasing. The US government will not be able to end the pandemic in their country if the healthcare system is not adequate.
