What are Democrats going to do.
If you thought America was recovering from the pandemic, think again! President Biden and his administration’s leadership has just resulted in Americans once again asking for more unemployment benefits than usual.
According to Cleveland, unemployment claims soared for its third straight week reaching 286,000 claims, the highest since October of last year.
This jump made it the largest spike since last July.
Contingent Macro Advisors recently claimed, “We could see one more week of notably higher claims before they should top out. This bears close watching going forward.’’
With this new information, the Federal Reserve might reconsider their plans to ease off supporting the economy.
While it is true that omicron is less severe then other strains of COVID-19, experts predict that another 50,000 to 300,000 Americans could pass away by mid-March.