26.4 million unemployed in the U.S. as a result of Coronavirus

The new applications raised the total number of unemployment requirements since mid-March to 26.4 million.

This represents more than 15% of the workforce in the United States.

However, recent data marked the third week that the number of new requests has dropped a sign that the worst in shock may be over.

While this week's 4.4 million unemployment requirements are shocking, there are signs that the pace of layoffs has reached a peak of”, said Richard Flynn, director of the UK management at the Charles Schwab financial services firm.

The main questions at this point are when the economy can be reopened and what will happen next?”

Economists have warned that the world is facing the worst economic downturn since the Great Depression of the 1930 ' s.

In the US, the economy is expected to contract 5.9% this year, according to the International Monetary Fund. Increasing unemployment requirements over the past six weeks exceed the number created in the almost decade of enlargement that ended in February.

In response, the US government has approved more than two trillion dollars for rescue funds, enhancing unemployment benefits and increasing payments.