Unemployment tops 20 million in the United States! Unemployment tops 20 million as another 5 million people have either been laid off or furloughed due to the Coronavirus.
Data released by the Federal Reserve shows that manufacturing output fell 6.3% in March and industrial output fell 5.4%. These numbers mark the biggest drop since 1946 and 2008.
Goldman Sachs predicts that around 37 million unemployment claims could be made between March and the end of May.
It is unclear whether or not unemployment claims have peaked. What do you think? Let us know on our Facebook page!
