COVID-19 Unemployment Claims Will Reach ‘Epic’ Scale

With 5.2 million more Americans filing for unemployment in just the past week — for a total of 22 million so far — the COVID-19 crisis is causing an “epic scale” of job loss never seen in the U.S. before. While the service industry has thus far suffered the most job cuts, white collar positions like those in construction and IT may be the next to go. Source: Penn Live April 16, 2020

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