20 million American workers could lose their jobs in the next 3 months because of the coronavirus pandemic
The report cited a Goldman Sachs prediction that the"This large drop in GDP is consistent with 19.8 million jobs lost by July, bringing unemployment rates across the country into the mid-teens," Senior Economic Analyst David Cooper and State Economic Analyst Julia Wolfe wrote for EPI.
The institute's job loss estimates mount with each passing week. Just a week ago, on March 25, EPI had a much more conservative but still startling estimate:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fountains of Wayne's Adam Schlesinger: 20 Essential SongsFountains of Wayne co-founder’s greatest songs have humor and pathos, from “Stacy’s Mom” and “That Thing You Do” to deep album cuts
Read more »
20 Reasons Meghan Markle's Exit Is a Blow to the Royal FamilyMeghan Markle and Prince Harry have officially left the monarchy, and it will likely feel the effects sooner than later.
Read more »
Royal on the Rise: 20 Things to Know About Princess EugeniePrincess Eugenie of York could become a key player in the royal family.
Read more »
Nancy Pelosi wants to move forward with infrastructure bill after House returns on April 20Pelosi says she is pleased by President Trump's renewed calls for an infrastructure plan to respond to the coronavirus crisis.
Read more »
20 Games, Shows, Books, and More That Got Us Through MarchWhat've you been playing, watching, and reading to keep yourself occupied?
Read more »