Over 40 Million Americans Are Unemployed As COVID-19 Layoffs Continue

The video discusses the decline in jobless claims for the eighth consecutive week, a positive sign amidst the economic challenges following the national emergency declared by President Trump. Despite this, 40 million Americans have filed for unemployment benefits. Economists are concerned about potential further layoffs, especially in state and local governments, and Boeing's plan to cut 12,000 jobs. Attention is now on the upcoming monthly jobs report, with predictions that May's unemployment rate could exceed 20%.

What significant event did President Trump declare on March 13th?

How many Americans have filed for unemployment benefits since the national emergency declaration?

What are economists fearing regarding the job market?

What company announced a plan to eliminate 12,000 jobs?

What is the prediction for the unemployment rate according to White House adviser Kevin Hassett?