CORONAVIRUS: Fed Estimates US Job Losses Could Hit 47 Million, While Moody’s Lowers Outlook for US Corp Debt
Posted on 03/30/2020
While millions of Americans have already lost their jobs due to the viral outbreak, even more could be joining the unemployment ranks soon. A record 3.3 million Americans filed initial jobless claims for the week ended March 21, 2020. Economists at the Federal Reserve Bank of St. Louis project total employment reductions of 47 million, […]
