Fed: Unemployment Rate Could Reach 32%

March 30th, 2020

Via: CNBC:

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate.

Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things could get.

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One Response to “Fed: Unemployment Rate Could Reach 32%”

  1. quintanus says:
    April 1, 2020 at 5:30 am

    gas is under $2. at this food bank, they only allow auto pickup. Would you sit through this if you had alternatives and weren’t in debt or close to edge? https://pittsburgh.cbslocal.com/2020/03/30/greater-pittsburgh-community-food-bank-duquesne/
    https://twitter.com/andrewrush/status/1244657465859457024

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