Fed chairman says 40% of Americans earning less than $40,000 a year were laid off in March
Daily Kos -

Economic analysts are forecasting that on Thursday we’ll see that another 2.7 million Americans filed new claims for unemployment insurance last week. If they’re right, it would mean 36.3 million Americans have filed for unemployment benefits in the nine weeks ending May 9. Even if those millions were the only Americans to have lost jobs as a consequence of the economic response to the coronavirus pandemic, it would put the unemployment rate at 22%. Although reliable job statistics weren’t...

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