Analysis predicts that the number of deaths in the United StCantilever Warehouse Racksates in this round of the epidemic may range from 38,000 to 162,000, with the most likely number of deaths being 81,000.
Photo taken on March 30 shows an almost-empty terminal building at Ronald Reagan Washington National Airport in Arlington of Virginia, the US. Photo: XinhuaPrevious reports by the Labor Department indicated that a combined 10 million people lost their jobs as businesses across the world's largest economy shut down to stop the virus' spread.
Analysts expected this Thursday's data to show another jump of several million, further pressuring Washington lawmakers to take action. "It's hard to see anything other than another horrendous report," the consulting firm Pantheon Macroeconomics wrote in an analysis.The consensus among economists is on a report showing five million new claims for unemployment benefits, but many expect it to be higher.The report published on April 2 for the week ending March 28 showed 6.65 million job losses, more than double the jobless claims for the previous week.
A separate monthly Labor Department survey taken during the week of March 12, before the shutdowns became widespread, showed the US economy shedding 701,000 jobs and the unemployment rate rising by 4.4 percent - the worst figures since March 2009 during the depths of the global financial crisis.Thursday's weekly report will likely bring "more scary news," said Beth Ann Bovino, chief US economist for S&P Global Ratings, predicting new claims hitting three million, though some analysts see them going as high as six million.
And the April monthly jobs report will also be grim, "with nearly 13 million jobs lost... and an unemployment rate around 15 percent," she said.
Congress in March passed a $2.2 trillion stimulus package to stem the bleeding, one of three measures lawmakers approved to fight the coronavirus pandemic."We filled several surveys to record our information and conditions from the Chinese embassy in Russia recently," a Chinese postgraduate student surnamed Sun at Bauman Moscow State Technical University, told the Global Times. "The embassy asked our intention of going back to China. Some of us even received calls from them." Sun said.
Over 200 Chinese students at the university who are staying in Moscow set up a WeChat group. Sun said that no Chinese student in Moscow had been infected with COVID-19 as far as he knows.Sun also said he would not return to China because he is working on his graduation project. Although he is not worried about graduation, which should be in late June, it will probably be postponed.
"I hold a positive attitude toward the Russian government's policies in the upcoming peak time of the outbreak," Sun said. "But still, some locals have a low awareness about the risk of the virus," he added.Sun and his Chinese roommates have stored face masks and dried food cans. Fortunately, online shopping still works in Moscow, so they order fresh vegetables and other groceries every three or four days.