President Donald Trump has been criticized by some health experts fearing that he might be pushing to reopen the country for business too soon. But the economic cost of various lockdown is now being felt by the Trump administration as tens of millions of Americans have joined the ranks of the unemployed and the list keeps getting longer with each passing day.
The Department of Labor reported on Thursday that another 3.2 million Americans filed initial jobless claims last week, according to CNN. The figure is already adjusted after factoring seasonal hiring fluctuations.
Since mid-March, when the national lockdown started, total initial jobless claims soared to 33.5 million. This means that 1 in 5 of Americans has filed for first-time unemployment benefits, the effect of coronavirus-related restrictions in place to slow down the virus’ spread.
This could mean that more Americans could be losing their jobs if things continue as they are. According to CNN, there are signs that “what first looked like temporary job cuts could turn into permanent layoffs. With virtually no revenues coming in, big companies such as United Airlines, Airbnb, and GE announced job cuts this week affecting thousands of workers.
Trump acknowledged on Wednesday that the severity of the coronavirus pandemic was worse the previously anticipated. “We went through the worst attack we've ever had on our country," he said, CNN reported.
“This is really the worst attack we've ever had,” Donald Trump added. “This is worse than Pearl Harbor. This is worse than the World Trade Center.”
During his three years as the President, the economy has been one area that Trump generally enjoyed support. However, the U.S. economy shattered by the pandemic during his term might be perceived negatively by voters and potentially affect his reelection plans.
The President promised on Wednesday that he could rebuild the economy fast. “I built the greatest economy -- with a lot of great people -- that we've ever had, and I'm going to rebuild it again,” Trump said. “We're going to have a great economy very soon. Much sooner than people think. Much sooner.”


Trump Pushes for Lebanon-Israel Dialogue Amid Renewed Hezbollah Conflict
Trump Administration Eyes Erica Schwartz as Next CDC Director Amid Leadership Overhaul
Russia Unleashes Massive Drone and Missile Barrage on Ukraine, Killing Civilians
ICE Acting Director Todd Lyons to Exit Federal Government at End of May
France and Britain Lead 40-Nation Talks to Reopen Strait of Hormuz
Iran-Lebanon War: Ceasefire Reached as U.S. and Iran Edge Closer to Nuclear Deal
IMF and World Bank Resume Ties with Venezuela, Opening Door to Billions in Funding
Myanmar Grants Amnesty to Over 4,000 Prisoners Under New President Min Aung Hlaing
Justice Jackson Slams Supreme Court's Growing Use of Shadow Docket
U.S. and Philippines to Build 4,000-Acre Tech Hub Under Pax Silica Initiative
Russia Launches Deadly Missile and Drone Strikes Across Ukraine, Killing Three Including a Child
Trump Administration Moves to Deport Iranian Academic Yousof Azizi Over Alleged Visa Fraud
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production
Iran Offers Partial Strait of Hormuz Access Amid U.S. Peace Talks
House Republicans Near Deal on FISA Extension with Limited Reforms
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 



