YOUR HOME SOLD GUARANTEED-Ray Chen 626.789.5768
From Washington Post, “A record 3.3 million Americans applied for unemployment benefits last week, the Labor Department said Thursday, as restaurants, hotels, barber shops, gyms and more shut down in a nationwide effort to slow the spread of the deadly coronavirus. Last week saw the biggest jump in new jobless claims in history, surpassing the record of 695,000 set in 1982. Many economists say this is the beginning of a massive spike in unemployment that could result in over 40 million Americans losing their jobs by April. Laid off workers say they waited hours on the phone to apply for help. Websites in several states, including New York and Oregon, crashed because so many people were trying to apply at once.” “The most terrifying part about this is this is likely just the beginning of the layoffs,” said Martha Gimbel, a labor economist at Schmidt Futures. The nation’s unemployment rate was 3.5 percent in February, a half-century low, but that has likely risen already to 5.5 percent, according to calculations by Gimbel. The nation hasn’t seen that level of unemployment since 2015.” “The Senate passed the largest aid package ever Wednesday in an effort to help struggling American workers, businesses and hospitals during this unprecedented economic contraction. The bill includes $1,200 checks for most Americans and additional money for laid off workers. “We may well be in a recession,” said Federal Reserve Chair Jerome Powell in his first appearance on morning television on NBC’s “Today” show. “The first order of business is to get the virus under control and then resume economic activity.” Some Banks agree to mortgage forbearance. Foreclosure time Line explained. Ways to avoid foreclosure. GUARANTEED CASH OFFERS ON YOUR HOME... SOLD AS-IS... NO OPEN HOUSE… YOUR HOME SOLD GUARANTEED OR I’ll Buy It!* WE HAVE 50,000 PLUS BUYERS! Ray Chen 626.789.5768 Disclaimer: Some information are not professional advise. For legal, tax, financial consultation please seek professional help.
From Washington Post, “A record 3.3 million Americans applied for unemployment benefits last week, the Labor Department said Thursday, as restaurants, hotels, barber shops, gyms and more shut down in a nationwide effort to slow the spread of the deadly coronavirus. Last week saw the biggest jump in new jobless claims in history, surpassing the record of 695,000 set in 1982. Many economists say this is the beginning of a massive spike in unemployment that could result in over 40 million Americans losing their jobs by April. Laid off workers say they waited hours on the phone to apply for help. Websites in several states, including New York and Oregon, crashed because so many people were trying to apply at once.” “The most terrifying part about this is this is likely just the beginning of the layoffs,” said Martha Gimbel, a labor economist at Schmidt Futures. The nation’s unemployment rate was 3.5 percent in February, a half-century low, but that has likely risen already to 5.5 percent, according to calculations by Gimbel. The nation hasn’t seen that level of unemployment since 2015.” “The Senate passed the largest aid package ever Wednesday in an effort to help struggling American workers, businesses and hospitals during this unprecedented economic contraction. The bill includes $1,200 checks for most Americans and additional money for laid off workers. “We may well be in a recession,” said Federal Reserve Chair Jerome Powell in his first appearance on morning television on NBC’s “Today” show. “The first order of business is to get the virus under control and then resume economic activity.” Some Banks agree to mortgage forbearance. Foreclosure time Line explained. Ways to avoid foreclosure. GUARANTEED CASH OFFERS ON YOUR HOME... SOLD AS-IS... NO OPEN HOUSE… YOUR HOME SOLD GUARANTEED OR I’ll Buy It!* WE HAVE 50,000 PLUS BUYERS! Ray Chen 626.789.5768 Disclaimer: Some information are not professional advise. For legal, tax, financial consultation please seek professional help.