The chart says it all.
The numbers: The number of Americans who applied for unemployment benefits last week rocketed to a record 3.28 million as large parts of the U.S. economy shut down and companies laid off scores of workers to cope with the coronavirus pandemic.
Wall Street was bracing for a terrible number. Economists polled by MarketWatch had forecast a 2.5 million increase. Just a few weeks ago, new clams hovered near a 50-year low. A deluge of additional layoffs are still coming. Americans who work at airlines, retailers, restaurants, hotels, theaters and travel agencies are particularly vulnerable. Small businesses with limited financial resources are also hurting.Big picture: The U.S. labor market was arguably the strongest in half a century just a few weeks ago, but it could quickly deteriorate to recessionary levels.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
28 Most Iconic Lyrics From Dua Lipa's New Album “Future Nostalgia”'I know you ain't used to a female alpha.' — AOC when being sworn into office.
Consulte Mais informação »
What to Watch This Weekend: Our Top Binge Picks for March 28-29From Top Chef to Tiger King to an Olsen twins classic, here's what to watch this weekend (March 28-29)
Consulte Mais informação »
I'm 28, I Make $66,000 & I'm Teaching School Remotely Because Of COVID-19'4:12 p.m. — My mom calls to tell M. and me that our wedding must be postponed — the venue is going to be closed through May due to coronavirus, of course. We are sad but not entirely surprised...'
Consulte Mais informação »
28 Pairs Of Pants With A Stretchy Enough Waist To Have You Sitting In Total ComfortIf we all agree to wear stretchy pants all the time, it won't seem so weird.
Consulte Mais informação »
March 28 coronavirus news - CNN
Consulte Mais informação »