As markets wrap up another volatile week, here are 5 numbers that sum up how the American economy is faring during the coronavirus crisis: by theothersarahh
... [+]As markets wrap up another volatile week, here are five numbers that sum up how the American economy is faring during the coronavirus crisis. in the last two weeks alone, based on Labor Department data on weekly unemployment claims, as the full effect of the coronavirus outbreak begins to hit the labor market.
For the week ending March 28, jobless claims soared to 6.6 million—the highest level ever recorded in a single week. For some perspective, the previous record was 695,000 in 1982. In one week in March 2009, during the height of the financial crisis, claims reached 665,000.A memo from the House Ways and Means Committee this week suggested that those Americans who don’t receive their
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