WASHINGTON (Reuters) – A wave of layoffs at restaurants, bars and hotels, as efforts to consist of the coronavirus pandemic bring much of daily American life to a stop, might drive brand-new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists alerted on Thursday.
FILE PHOTO: People wait in line to attend TechFair LA, an innovation task fair, in Los Angeles, California, U.S., January 26,2017 REUTERS/Lucy Nicholson
New jobless claims already struck a two-and-a-half year high of 281,000 last week, jumping by 70,000 from the week in the past, the Labor Department stated on Thursday. It was the greatest weekly boost since 2012 and authorities laid the blame on the coronavirus, which a Reuters tally reveals has infected almost 9,500 throughout the country, eliminating at least115
And the worst is yet to come.
Economic experts said their ow