Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates


 

This would be unprecedented in the history of the country, including during The Great Depression.

(From CNBC)

Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things could get.

Reprinted from: https://www.ac2news.com/2020/03/coronavirus-job-losses-could-total-47-million-unemployment-rate-may-hit-32-fed-estimates/

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