36 million people have now sought jobless aid

36 million people have now sought jobless aid in just the two months since the virus first forced businesses to close down and shrink their workforces even though most states have now begun to let some businesses reopen.

The ongoing hemorrhage of jobs has heightened concerns that more government aid is needed to sustain the economy through the deep recession.

Without another rescue package, many economists worry that thousands of small businesses will go bankrupt, leaving millions of the unemployed with no livelihood to return to.

Instead, the Democratic-controlled House is still playing games, pressing ahead with votes on another massive rescue bill that would pump almost $1 trillion to states and local governments, renew $1,200 cash payments for individuals, and extend a $600 weekly supplemental federal unemployment benefit. It’s expected to pass on party lines. But the White House and Republican leadership are opposed.

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Wayne Creed

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