Along with the 3.3 million workers who filed in mid-March, the new figures show that roughly 10 million Americans in total are now out of work.
Along with the 3.3 million workers who filed for unemployment in mid-March, the new figures show that roughly 10 million Americans in total are now out of work.
Workers have been hit hard by the Wuhan coronavirus pandemic, with various state governments banning public gatherings and shutting restaurants, theaters, gyms, and other businesses. The number of unemployment claims has exceeded even the dire predictions of economists, many of whom estimated 3.5 million Americans would file for unemployment this week, according to CNN.
“The speed and magnitude of the labor market’s decline is unprecedented,” Constance Hunter, chief economist at KPMG LLP, told the Wall Street Journal. Hunter now projects that roughly 20 million jobs will be lost in total during the coronavirus crisis.
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