The coronavirus pandemic could cause the loss of 47 million jobs. If that estimate pans out, that would translate to a 32% national unemployment rate.
Organizations that offer life-sustaining services are largely still operating—but they’re feeling the effects of the unprecedented health crisis.
University of Michigan Professor Erik Gordon predicts President Donald Trump will then take credit when GM does make the machines.
Sunday's announcement was a tacit acknowledgment the president had been too optimistic just days earlier when he said he hoped reopen the economy by Easter on April 12.
Health experts have made clear that unless Americans continue to dramatically limit social interaction the number of infections will overwhelm the health care system.
'To be honest with you, I just think these numbers right now are not relevant,' Treasury Secretary Steve Mnuchin said Thursday.
The number of people who need help is likely higher. Many who have lost jobs in recent weeks have been unable to file for unemployment aid because state systems have been overwhelmed.