The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.
State unemployment offices are overwhelmed by the surge in claims from newly-laid off workers.have complained they have been unable to reach their local offices to file for benefits.
The EPI survey estimated between 8.9 million and 13.9 million more Americans would have filed for claims over the past five weeks had the process been easier. "These findings on the millions of frustrated filers and the UI system's low payment rate highlight the need for policies to improveThe process for filing for unemployment benefits varies widely across the country. Some states rely almost exclusively on telephone and in-person filings, while others use forms online.
"How difficult it is to get unemployment benefits matters for how many claims get approved and how big the backlog is in the system," Deutsche Bank Chief Economist Torsten Slok wrote in a note Monday.was conducted online from April 14 to April 24. 9.4% of survey respondents said they "applied successfully" for unemployment insurance benefits, while 3.4% said they tried but could not get through. An additional 1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robinhood closes in on $250 million funding round as demand for digital investment spikes - Business InsiderRobinhood is raising fresh funds, likely worth between $200 million and $250 million, thanks to a spike in demand for digital investment platforms.
Read more »
Millions of Americans locked out of unemployment system, survey findsMillions of Americans who have been thrown out of work during the coronavirus pandemic have been unable to register for unemployment benefits since the U.S. economy entered a free fall, according to a poll released on Tuesday.
Read more »
Companies are offering more mental health benefits amid coronavirus - Business InsiderSeveral companies, including Starbucks and Target, have boosted their mental health resources in the wake of the coronavirus pandemic
Read more »
Texas to lift coronavirus restrictions this week, businesses to reopen in phasesMore than 1.9 million unemployment claims have been filed in Texas since the outbreak began and the state has paid out more than $2 billion, Abbott said.
Read more »
One quarter of British businesses have ceased trading, Chancellor reveals'More than one and a half million new claims have been made to universal credit [and] over four million jobs have now been furloughed,' said Rishi Sunak.
Read more »