Category: Nightmare

Unemployment Nightmare Lurches Economy into Depression-Era Scenario
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Unemployment Nightmare Lurches Economy into Depression-Era Scenario

U.S. jobless claims surged to 1,000% of financial crisis highs with 6.6 million new filings. The data suggest the coronavirus recession will be deeper and longer than predicted. The U.S. is on track to suffer depression-era conditions if job losses continue. U.S. jobless claims doubled this week, with 6.6 million people filing for unemployment benefits…

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