European unemployment is half that of America. Here's why

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This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “,”descriptionText”:”For some people unemployment benefits outweigh what they were being paid before to work. This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “},{“title”:”Another 2.4 million Americans file for unemployment benefits”,”duration”:”00:55″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/21/jobless-claims-unemployment-benefits-coronavirus.cnn-business/index.xml”,”videoId”:”business/2020/05/21/jobless-claims-unemployment-benefits-coronavirus.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200520153655-shuttered-business-brooklyn-0512-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/21/jobless-claims-unemployment-benefits-coronavirus.cnn-business/video/playlists/business-economy/”,”description”:”In total, 38.6 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic forces businesses to lay off workers. CNN’s Christine Romans reports.”,”descriptionText”:”In total, 38.6 million people have filed first-time jobless claims since mid-March as the coronavirus pandemic forces businesses to lay off workers. CNN’s Christine Romans reports.”},{“title”:”America’s housing crisis was already here. Coronavirus made it worse. “,”duration”:”04:54″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/index.xml”,”videoId”:”business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200519195715-housing-crisis-elle-reeve-5-large-169.jpg”,”videoUrl”:”/videos/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/video/playlists/business-economy/”,”description”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”,”descriptionText”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”},{“title”:”Thomas Keller on PPP loans: One size doesn’t fit all”,”duration”:”04:17″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/20/restaurant-industry-ppp-loans-thomas-keller.cnn-business/index.xml”,”videoId”:”business/2020/05/20/restaurant-industry-ppp-loans-thomas-keller.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200520111443-thomas-keller-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/20/restaurant-industry-ppp-loans-thomas-keller.cnn-business/video/playlists/business-economy/”,”description”:”Chef and restauranteur Thomas Keller talks with CNN’s Poppy Harlow about the challenges of reopening restaurants.”,”descriptionText”:”Chef and restauranteur Thomas Keller talks with CNN’s Poppy Harlow about the challenges of reopening restaurants.”},{“title”:”Graduates face worst job market on record”,”duration”:”02:59″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/20/job-market-2020-graduates-coronavirus.cnn-business/index.xml”,”videoId”:”business/2020/05/20/job-market-2020-graduates-coronavirus.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200520091434-jobs-market-grads-golodryga-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/20/job-market-2020-graduates-coronavirus.cnn-business/video/playlists/business-economy/”,”description”:”The Class of 2020 is entering the worst job market since the Great Depression. CNN’s Bianna Golodryga speaks with two graduates who describe how the coronavirus pandemic has derailed their plans.”,”descriptionText”:”The Class of 2020 is entering the worst job market since the Great Depression. CNN’s Bianna Golodryga speaks with two graduates who describe how the coronavirus pandemic has derailed their plans.”},{“title”:”He pivoted from making clothes to making masks”,”duration”:”02:23″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/15/fresh-money-blade-and-blue-peter-papas-orig-jg.cnn-business/index.xml”,”videoId”:”business/2020/05/15/fresh-money-blade-and-blue-peter-papas-orig-jg.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200515074621-peter-papas-fm-still-1-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/15/fresh-money-blade-and-blue-peter-papas-orig-jg.cnn-business/video/playlists/business-economy/”,”description”:”Peter Papas changed the business plan for his men’s clothing company, Blade & Blue, while fulfilling a dire need during the pandemic.”,”descriptionText”:”Peter Papas changed the business plan for his men’s clothing company, Blade & Blue, while fulfilling a dire need during the pandemic.”},{“title”:”What economic lessons will the world learn from Covid-19?”,”duration”:”03:30″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/14/post-pandemic-economy-covid-coronavirus-org.cnn-business/index.xml”,”videoId”:”business/2020/05/14/post-pandemic-economy-covid-coronavirus-org.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200420114950-amazon-warehouse-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/14/post-pandemic-economy-covid-coronavirus-org.cnn-business/video/playlists/business-economy/”,”description”:”The global economy was caught flat-footed by Covid-19. Leading economists tell CNN Business what the post-Covid economy will look like and what lessons should be learned.”,”descriptionText”:”The global economy was caught flat-footed by Covid-19. Leading economists tell CNN Business what the post-Covid economy will look like and what lessons should be learned.”},{“title”:”Virus cuts off lifeline for many of the world’s poorest”,”duration”:”02:59″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/index.xml”,”videoId”:”business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200515105821-migrant-workers-in-hk-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/video/playlists/business-economy/”,”description”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”,”descriptionText”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”},{“title”:”Businesses struggle to rehire workers as states reopen”,”duration”:”03:00″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/04/30/businesses-rehire-workers-wages-unemployment-benefits.cnn-business/index.xml”,”videoId”:”business/2020/04/30/businesses-rehire-workers-wages-unemployment-benefits.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200430100341-restaurant-workers-coronavirus-large-169.jpg”,”videoUrl”:”/videos/business/2020/04/30/businesses-rehire-workers-wages-unemployment-benefits.cnn-business/video/playlists/business-economy/”,”description”:”With an extra $600 a week from the federal stimulus, unemployment now pays equal to or more than average weekly wages in 38 states. Some business owners say rehiring has been challenging. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”With an extra $600 a week from the federal stimulus, unemployment now pays equal to or more than average weekly wages in 38 states. Some business owners say rehiring has been challenging. CNN’s Vanessa Yurkevich reports.”}],’js-video_headline-featured-27zixh9′,”,”js-video_source-featured-27zixh9″,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length

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