On the recordMay 7, 2020
tomorrow, the Bureau of Labor will publish its monthly jobs report for April. Some experts are projecting that it could show well over 20 million job losses in the past 4 weeks. The preliminary report today suggests that there will be over 30 million newly unemployed Americans over the past 7 weeks. That is a tenth--1 out of 10 people--losing their job. A tenth of our population. We are looking at what seems to be the worst economic crisis since the Great Depression. Small businesses have shuttered. Some larger businesses have filed for bankruptcy. Millions of workers, through no fault of their own, are being laid off or furloughed or are losing their paychecks. They are worried about keeping their homes, feeding their kids, accessing healthcare. Once this crisis is over, we can't snap our fingers and have everything return to normal. Twenty to 30 million newly unemployed Americans will not immediately return to their old jobs. Hopefully, many can, but many jobs just will not be there. The disease has washed over our Nation like a flood. Once the waters have receded, there will be a great deal of damage left in its wake. We need a big, bold answer to this. We need to marshal a broader spirit of action. The American people need an active, engaged, and forceful government to lift them up and carry them through these dark times. Speaker Pelosi and I are working on a big, bold plan that will deal with the magnitude of the problem.…





