Coronavirus Could Lead To 47 Million Lost Jobs, Says St. Louis Fed
(Updated 1:50 p.m. EDT, March 30, 2020) Topline: The coronavirus outbreak could cost 47 million jobs next quarter, according to estimates by economists at the Federal Reserve Bank of St. Louis. 47 million lost jobs translates to an unemployment rate of 32.1%, well above the 24.9% rate of unemployment …
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