Could April’s U.S. unemployment report reach levels most Americans have never seen before? WSJheard explains. WSJWhatsNow
It is only the middle of April, but already it is becoming clear how monstrously bad this month’s U.S. employment report is going to be.
The Labor Department on Thursday reported that the number of American workers filing new claims for jobless benefits the week ended last Saturday came to 5.2 million, following 6.6 million the week before. Over the past four weeks, 22 million people have filed jobless claims as the novel coronavirus crisis has shuddered through the economy, a figure that is more than eight times as high as...
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