Coronavirus wipes out all job gains since Great Recession; 26 million file for unemployment benefits

Coronavirus wipes out all job gains since Great Recession; 26 million file for unemployment benefits

Ibtimes·2020-04-23 23:47

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The US economy has wiped out all the job gains it added over the past 11 years. And it took only five weeks for that. The number of Americans filing unemployment claims amid the coronavirus crisis surpassed 26 million, according to new data released by the Labor Department on Thursday.

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America Finance International

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