Unemployment stats

Unemployment stats

Anchor intro: the us dept of labor released data from a staggering week of unemployment claims, bringing the national total to over 26 million.

Rain what about the local impact?

Stand up: the state of louisiana has had over 300 thousand unemployment claims in the past five weeks.

This means 18.85% of the state is unemployed.

News15 spoke with a finnancial expert on the local umemployment forcast, and a single mother who says sh's making the best out of the situation."we are forcasting a peak unemployment rate due to corona virus impacts of 29%," doug milnes, ceo, money geek.

Financial experts like douge milnes say the change in how people spend money during the pandemic greatly affects the unemployment rate.

"even if the state is backed up or the system is backed up, i's still worth your while to get out there and file..."

Doug milnes felicia carmouche, is single mother of 3.

As a hairsylist she makes a living doing what she loves."as stylist the one thing we know is that we can go in the salon and make money."

When the covid-19 pandemic occured, she like many others filed for unemployment."as the week passed by, 'm noticing w're not going back to work anytime soon."

"i applied for unemployemnt, another week passed by and it was still nothing."although the changes to her business are tough, felicia says she relies on her faith to see her through.

"i knew that god would always provide."

Doug says that the outlook is positive..... "as statewide orders come off slowly it will be interesting to see how consumers ans companies spending changes," doug milnes.

Stand up: how quickly businesses and consumers resume spending is one of the key compentes to determine how quickly the local economy recovers.

3 officials recommend that unemployment claims are filed as soon possible to expedite the process.

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