Retail News

More than 22 million have filed for unemployment in four weeks

The New York Times 04/16/2020

More than 5.2 million workers filed for unemployment insurance last week, according to the Labor Department, bringing the four-week total to over 22 million. “There’s nowhere to hide,” said Diane Swonk, chief economist at Grant Thornton in Chicago. “This is the deepest, fastest, most broad-based recession we’ve ever seen.”

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