by Michael Snyder
The Economic Collapse Blog
We have never seen an “employment apocalypse” in the United States like we are witnessing right now, and it is not going to end any time soon. Over the past several days, “coronavirus shutdowns” have officially been extended all over the nation, and the longer these shutdowns last the more jobs our economy is going to lose. And because most Americans were living paycheck to paycheck before this pandemic hit us, many unemployed workers are already unable to pay their bills. Yes, our authorities may be slowing down the spread of the virus, but in the process they have absolutely killed the economy. On Thursday, I was stunned to learn that another 5.2 million Americans filed initial claims for unemployment benefits last week. That brings the grand total for the last four weekly reports “to a staggering 22 million”…