An Associated Press poll finds most Americans give poor ratings to the economy, a sudden turnaround from January.
... [+]More than half of all Americans say they or someone in their household have lost income and nearly 1 in 4 indicate either themselves or someone in their household have been laid off due to the coronavirus outbreak, the most recent sign yet that the virus is inflicting widespread pain on the U.S. economy.
The findings come after the Labor Department reported 6 million people filed for unemployment last week, a new record, as the coronavirus forces businesses to shut and more than 250 million Americans to stay sheltered indoors. More than 10 million people have filed for unemployment benefits in the last two weeks, enough to bring the jobless rate to 7.5%,These figures are a remarkable turnaround for a U.S. economy that was humming along up until a few weeks ago, when jobless claims hovered near record lows and consumer confidence was high.
Some 60% of Americans now say the economy is “poor,” compared to 67% that believed it was “good” in January, according to the survey. How the virus will continue to impact the economy. Experts are conflicted about how severe a toll the coronavirus could take. Some analysts predict that the jobless rate could climb to
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