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Covid hit US jobs harder than 2008 crisis

Usa city Mumbai 2020 pandemic economy crisis
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MUMBAI : Unemployment in the US has risen to historic highs in recent months due to covid. Businesses are struggling to stay afloat because of social distancing rules, and livelihoods have been lost, much like the 2008 financial crisis.

A study finds that the current crisis has hit the US economy harder than the 2008 crisis.In the working paper, Ippei Shibata of the International Monetary Fund uses US employment data to estimate the impact on jobs in various industries in 2008 and 2020.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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