Coronavirus cases and the unemployment rate are on the rise

The economy has been a hot topic these last few weeks. In just a few months we went from having the strongest economy the United States has ever had to seeing stocks fall farther than they did during the Great Depression. 

In the last decade, the unemployment rate peaked in 2010 during the recession. In 2018, there were 6.3 million unemployed Americans. In the last week, 3.3 million people filed for unemployment in the United States, which is a 47.7 percent increase. It is estimated that up to 40 million Americans could lose their jobs in April. The unemployment rate in February was 3.5 percent, but studies show that it has jumped to 5.5 percent in the last week.