Record ‘2.25 MILLION unemployment claims to be filed this week,’ driving US closer to a second Great Depression – The Sun

A record 2.25 million Americans are expected to file unemployment claims this week.

That number comes from Goldman Sachs, who issued a grim outlook for the US workforce and economy on Friday as President Trump urged states to not make unemployment numbers public in hopes of avoiding a second Great Depression.

If 2.25 million Americans do in fact file claims, it will be the highest number in the history of the country.

The lowest estimates, by comparison, are still predicting over a million claims will be filed, which would also best the previous record of 695,000 claims back in October of 1982.

Even those who are still employed are being told to stay away from work in a number of cities – including New York – creating a virtual freeze of the economy.

This is part of the reason that Goldman is also predicting that there will be a 24 percent decline in economic activity next quarter.

At the same time, the number of infected and dead continue to rise as COVID-19 spreads through cities and towns across the country.

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