MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates
By artappraiser on Tue, 03/31/2020 - 6:01am |By Jeff Cox @ CNBC.com, March 30
- The coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.
- There are nearly 67 million Americans working in jobs that are at a high risk of layoffs, according to the analysis.
- St. Louis Fed President James Bullard said last week that the initial estimates are grim but the plunge should be short-lived.
URL:
https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html
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