We are in prayer……
And working together with Him, we also urge you not to receive the grace of God in vain–2 Corinthians 6:1
I am in prayer this morning over this issue and many other issues facing the world we live in. I say this with all the love and sincerity in my heart: I beleive there is a good chance this virus will be with us for awhile. I beleive there has to be a way to get America up and running again. The government can only print monopoly money for so long. We are financially broke as a Country. The Federal deficit is sky high. We are operating on monopoly money. There are over 26 million Americans unemployed, our son is one of them.
I would think that many businesses in America will never open up again, and many are on life support, which is so tragic as is the loss of life during this pandemic. The lives of others mean more to me than ever, that is why I preach. This is a very tough issue facing us, but we must work together for a solution, people need work to live.
We are facing a depressed economy. It is time to work together and open up America for business. I do not know what that looks like, but I pray the politicians will work with the American people and get this done, before it is too late. I beleive this can be done and we can be careful at the same time, concerning ourselves for the health and welfare of all. It will take us all working together and not let politics get in the way.
For fiscal year 2020, CBO’s early look at the fiscal outlook shows the following: The federal budget deficit is projected to be $3.7 trillion. Federal debt held by the public is projected to be 101 percent of GDP by the end of the fiscal year. At this rate we are headed into a Depression, or as one of my mentors says, “We are already there.”
Washington Irving wrote, “There is a sacredness in tears. They are not the mark of weakness, but of power. They speak more eloquently than ten thousand tongues. They are messengers of overwhelming grief…and unspeakable love.
I love this scripture on crying………I find myself weeping many times a day…….MANY TIMES! It is good for the soul……..weeping also means joy! Amen!
We are praying for all those that have lost jobs. It is a horrific situation. I wonder how many businesses will end up closing for good? PRAY TEAM JESUS FOR ALL
And pray in the Spirit on all occasions with all kinds of prayers and requests. With this in mind, be alert and always keep on praying for all the Lord’s people. Ephesians 6:18
Today’s unemployment numbers show that roughly 26.5 million Americans have lost their jobs since the start of the coronavirus pandemic, completely wiping out the 22.7 million new jobs created since the Great Recession and adding another somber milestone to the economic toll this novel virus has taken on the U.S. Not all areas of the country have suffered equally, however, as you can see from WalletHub’s updated rankings for the States with the Biggest Increases in Unemployment Due to Coronavirus, released today, along with accompanying videos.
To identify which states’ workforces have been hurt most by COVID-19, WalletHub compared the 50 states and the District of Columbia based on increases in unemployment claims. We used this data to rank the most impacted states in both the latest week for which we have data (April 13) and overall since the beginning of the coronavirus crisis (March 16). Below, you can see highlights from the report, along with a WalletHub Q&A.
|Most Affected States Last Week||Least Affected States Last Week|
|1. Florida||42. New Jersey|
|2. Louisiana||43. Illinois|
|3. West Virginia||44. Montana|
|4. Kentucky||45. Idaho|
|5. Mississippi||46. Wisconsin|
|6. Georgia||47. Vermont|
|7. North Carolina||48. Massachusetts|
|8. New Hampshire||49. Wyoming|
|9. Virginia||50. Oregon|
|10. Colorado||51. Rhode Island|
To see the states most impacted since the beginning of the COVID-19 pandemic, click here.
To view the full report and your state’s rank, please visit:
How will the unemployment rate change once the COVID-19 pandemic ends?
“Until we have a vaccine for COVID-19, we will not see employment levels similar to the beginning of the year. Once businesses start to open, we will see the unemployment rate stabilize and then slowly start decreasing. The economic stress put on businesses by the coronavirus crisis may prevent them from having the resources to do much hiring at the start,” said Jill Gonzalez, WalletHub analyst. “Some industries’ hiring will bounce back sooner than others; for example, restaurants that are reopening will need to hire serving staff again after laying off or furloughing them during the switch to takeout-only meals.”
How do red states and blue states compare when it comes to increases in unemployment?
“With an average rank of 22 among the most affected states, red states suffered a higher increase in unemployment during the coronavirus outbreak than blue states, which rank 32 on average,” said Jill Gonzalez, WalletHub analyst. “The lower the number, the higher the increase in initial unemployment claims that state received during the coronavirus pandemic.”
The state with the current largest number of COVID-19 cases in the U.S. is New York. How has New York’s unemployment rate been affected?
“New York has seen a 357% increase in initial unemployment claims from the beginning of 2020 to the week of April 13,” said Jill Gonzalez, WalletHub analyst. “This is better than the average increase of 1,544%.”
What can states do in order to minimize the rise in their unemployment rates?
“States should aggressively focus on helping the companies in the most need. The federal response will include sending checks to most citizens, even those whose income has not been affected by the coronavirus. States can use a more targeted approach to divert resources to the companies affected the most, thus having maximum impact for the money spent,” said Jill Gonzalez, WalletHub analyst.