One in four US workers claiming jobless benefits
The Covid-19 health crisis is quickly turning into serious economic challenge. Nearly 25% of the US workforce is now idle with incomes and jobs shattered. “Today’s unemployment claims continue their epic ascent on a cumulative weekly basis; not since the Great Depression has the US job market been in such a sorry state,” said Richard Flynn, UK managing director at Charles Schwab.
This is massive economic shock for the largest economy in the world, which is likely to significantly weigh on consumer behaviour, asset prices and big ticket purchases. Uncertainties how, when and where lockdowns will be lifted create supply chain disruptions, while key inventories are running low. In those time Deriveum can bring effective risk-sharing for bond markets, foster the economic recovery and subsequent job creation.
For more information, please check the BBC report.
