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Coronavirus upgrade: 22 million jobless in United States as financial experts concern grim forecast

Byindianadmin

Apr 17, 2020 #forecast, #issue
Coronavirus upgrade: 22 million jobless in United States as financial experts concern grim forecast

Updated.

April 17, 2020 04: 21:51

Friday’s key minutes

50 million US jobs vulnerable

The wave of layoffs that has swallowed up the US economy given that coronavirus struck forced 5.2 million more people to seek joblessness benefits last week, the Government reported on Thursday.

That would be more than double the contraction that happened during the 2008–2009 recession, which was the worst decline since the Great Depression of the 1930 s.

Layoffs are spreading out beyond service industries like hotels, bars and restaurants, which absorbed the force of the initial task cuts, into white collar expert professions, consisting of software programmers, construction workers and sales people.

That figure is based on an estimation of jobs that are de

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