
Record-high numbers of people have filed for unemployment.
27. Unemployment Is Sky High
Current levels of unemployment are higher than at any point in American history since the Great Depression of the 1930s. The federal government has authorized billions of dollars in funding for unemployment payments and relief payments to help keep the economy afloat.
However, an extended period of such high unemployment, as we are currently seeing, will have economic reverberations that will last years. Many states are concerned about the long-term effect of so many people being out of work, and the governors and legislators are eager to reopen their economies.