5 million Unemployed- economic pinch

The new record for Americans living without a paycheck has risen to nearly 5 million. The government said that 4,987,000 ( 4 million 987 thousand) are unemployed. Unemployment could raise to 9 percent. The news keeps getting worse. Officials predict that the economy would keep falling until the end of this year, and jobless claims would increase.


Everyone’s cutting back on their spending which is not good for the economy. Restaurants, theaters, retail stores…are empty! Stores are reporting bankruptcy and closing…workers are getting laid off.


Everyone is feeling this economic pinch.