Nearly 40 Million Americans Are Now Unemployed As a Result of the Coronavirus Pandemic

According to new data from the Department of Labor, another 2.44 million Americans filed for initial unemployment benefits last week

The current unemployment rate of 14.7 percent means that nearly 40 million Americans are out of work as a result of the coronavirus pandemic, which has forced many businesses to declare bankruptcy or impose layoffs. An estimated 20 million jobs were wiped out last month. read more

Trump Allies Recruiting “Extremely Pro-Trump” Doctors to Advocate Reopening Economy

According to an Associated Press report, President Donald Trump’s allies are recruiting “extremely pro-Trump” doctors to go on television and advocate reopening the national economy as speedily as possible. This would be “without waiting to meet safety benchmarks proposed by the federal Centers for Disease Control and Prevention to slow the spread of the new coronavirus.” read more

Biden Calls for Inspector General to Investigate Coronavirus Stimulus Loans Given to Large Companies

Presumptive Democratic nominee Joe Biden has called for an inspector general to investigate coronavirus stimulus loans given to large companies and those close to the administration.

“Let me issue a warning right now to anyone who participates in a corrupt giveaway with President Trump and his administration,” Biden said in a video message released by his campaign. “I will direct her to review every stimulus loan given to any big company or political insider.” read more

The Trump Administration Shelved the CDC’s Guide to Reopening the National Economy

An exclusive report from The Associated Press reveals that President Donald Trump’s administration shelved a 17-page report by a Centers for Disease Control and Prevention (CDC) team titled “Guidance for Implementing the Opening Up America Again Framework.” The report, the AP notes, “was researched and written to help faith leaders, business owners, educators and state and local officials as they begin to reopen.” read more

Bailing Out Blue States Because of Coronavirus Would Be “Unfair” to Republicans, Says Trump

President Donald Trump said Democrat-run states facing financial strain because of the coronavirus pandemic shouldn’t expect to be bailed out by the federal government.

“I think Congress is inclined to do a lot of things but I don’t think they’re inclined to do bailouts. A bailout is different than, you know, reimbursing for the plague,” said Trump during a sit-down in the Oval Office with reporters from The New York Post. read more

Adam Schiff: Trump’s Power Isn’t Absolute “But His Incompetence Is”

Representative Adam Schiff (D-Calif.) took President Donald Trump to task for his assertion that the economy would reopen soon amid the coronavirus pandemic.

“There is no ‘reopening’ without a plan to get the virus under control and keep it that way,” Schiff wrote on Twitter. “Trump’s false claims of absolute power are alarming, of course. But his failure to scale up testing is unforgiveable and deadly. His power isn’t absolute—but his incompetence is.” read more

Poll: More Than 40 Percent of Americans Report Economic Struggle Amid Pandemic

The latest Monmouth University survey has found that 41 percent of Americans are experiencing economic hardships, saying they’ve lost income as a result of the coronavirus pandemic.

The impacts could be felt across all income brackets, with 42 percent of those making less than $50,000, 40 percent of those making between $50,000 and $100,000 and 43 percent of those making $100,000 or more reporting they’ve felt the adverse effects of the virus on their wallets. read more

Unemployment Claims Spike to More Than 16 Million, Imperiling Trump’s Economic Plans

Trump denies putting a hold on WHO funding at coronavirus briefing

According to new data released by the Labor Department, 6.6 million additional Americans have filed for unemployment, bringing the number of unemployment claims nationwide to 16.6 million.

The unemployment rate in the United States was at a 50-year low as recently as January, when the economy added 225,000 jobs, but those numbers have been upended in the face of the coronavirus pandemic. Claims between the period of March 28 and April 4 neared the previous week’s record of 6.87 million. read more