Americans filing for unemployment benefits reached its highest numbers in two years for the week of March 14. However, job losses are expected to climb in the next few weeks.
According to Goldman Sachs, more than 2 million Americans are set to lose their jobs and file unemployment by next week due to a massive “unprecedented surge” in layoffs. Goldman Sachs analysts added March 15 to the 21st will see “the largest increase in initial jobless claims and the highest level on record.”
If analysts are correct, the number of Americans filing initial claims for unemployment will be more than triple the all-time high set in the early 1980s, and nearly four times as many as seen during the peak of the Great Recession.
Wall Street Journal reports the Trump administration has asked states to delay the release of the unemployment numbers.
Andrew Stettner, a senior fellow at the Century Foundation and an expert on unemployment, told CBS News, Thursday’s numbers do not account for the amount of website unemployment claims.”
Goldman Sachs predicts “an unprecedented decline in revenues across many industries.” Analysts added, “Consumer spending on sports and entertainment, hotels, restaurants, and public transportation, in particular, have already dropped dramatically.”
Economists predicted the economy would suffer long-term damage due to the Coronavirus.
But some companies are still hiring. As Project Casting reported on Friday, Slack is now hiring people to work from home.
Slack is an emerging tech company whose mission is to make work easier, simple, and efficient. “We believe that culture is the compass to success, and so our Slack Values are woven into the fabric of all we do. We seek exceptional talent that is eager to do the best work of their life while supporting others in doing the same.”
Slack is now seeking and hiring people to work from home for their growing business. At this time, Slack is looking for Account Executives to work remotely and handle their enterprise sales.
Project Casting also posted a casting call for people who are social distancing and self-isolating during the Coronavirus outbreak. People can get paid up to $2,000 for appearing in an upcoming commercial in Canada.