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Coronavirus leading to a global health crisis and an economic crisis too

As there is a global crisis for heath which has been triggered by the pandemic of coronavirus which is careening towards being an economic disaster, the Americans have been facing a lot of financial hardships which are flooding the unemployment departments of the state. By last week, the number of people who had been filing for the benefits of unemployment had seen a surge of the kind which had not been seen since the year 2019. This downturn has been already showing its shockwaves which it has sent across a lot of industries and the restaurants have been closing their doors and the newspapers have been folding up and there is a grinding halt which has hit the TV and film industries.

The economists have seen job losses as being an opening act to what is going to be first recession of the country in as many as 11 years and this is a downturn which is going to hit the Californians the hardest. The governments of state and the federal governments have been quickly moving pass the relief packages of the economy of the ones who have lost their jobs or the work hours however the experts have warned that the states such as California might be struggling to keep the pace up and processing a deluge of the new claims of unemployment immediately.

The unemployment benefits have been designed for the helping of people who have been out of work through none of their fault and is a measure which is going maintain their income till someone can find a new job. This has been done as a measure to combat the stress of coronavirus.

Marsha Austin
Author Details
SR. CONTENT WRITER At Chemical News Reports

Being the Head of the Science Department, Marsha Austin holds the responsibility to carry out all the activities of this department smoothly. While she is active in this métier from the last 5 years, she has pursued a B.Sc. degree in Astrophysics to nurture her passion for the science domain. Moreover, with her promising managerial capabilities, her contribution to our organization has set a benchmark for other members at Chemical News Reports. Our platform recently completed 5 Years of togetherness with Marsha. Her work adeptness and splendid presentation skills always catch the eyes of the other members of the Chemical News Reports team.

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