[Discuss Thrower]

Originally Posted by dirk digler

6.6 million filed unemployment claims last week. We are ****ed.

Tens of millions of Americans will likely lose their jobs as the coronavirus pandemic sends the U.S. economy into a free fall, causing the unemployment rate to surge to levels not seen since the Great Depression, according to a St. Louis Federal Reserve estimate.

The analysis, posted by St. Louis Fed economist Miguel Faria-e-Castro, projected that unemployment could hit 32 percent in the second quarter as more than 47 million workers are laid off as a result of the pandemic, which has forced swaths of the economy to shut down. That would exceed the 24.9 percent peak during the Great Depression.

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