Coronavirus update: Job losses could total 47 million, unemployment rate of 32%, Fed says

Coronavirus update: Job losses could total 47 million, unemployment rate of 32%, Fed says

The coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.
There are nearly 67 million Americans working in jobs that are at a high risk of layoffs, according to the analysis.
St. Louis Fed President James Bullard said last week that the initial estimates are grim but the plunge should be short-lived.

via CNBC Coronavirus update: Job losses could total 47 million, unemployment rate of 32%, Fed says