The U.S. Federal Reserve analysts said the unemployment rate may soar past 32 percent and the coronavirus freeze on the economy could cost 47 million Americans their jobs.
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Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimatesMillion of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to the Federal Reserve.
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Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimatesMillion of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to the Federal Reserve.
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Unemployment could top 32% as 47M workers are laid off amid coronavirus: St. Louis FedUnemployment could top 32% as 47 million Americans lose their jobs, according to a St. Louis Fed estimate.
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Fed Projection: Coronavirus Crisis Could Drive Unemployment to 32 PercentThe pandemic could force 47 million Americans out of work, according to new projections from the St. Louis Federal Reserve.
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