US Central Bank: 47 Million Americans May Go Jobless Amid COVID-19 Pandemic

Economists project3

Economists project that the number of layoffs in the US could possibly spike to 47 million as states across the country increase COVID-19 novel coronavirus prevention measures and certain at-risk businesses continue to lay off employees.

Last week, the US Federal Reserve revealed that the worst has yet to come in regard to the declining American economy and the subsequent unemployment rate. According to economists at the Federal Reserve’s St. Louis, Missouri, branch, the total employment reductions will hit 47 million by the end of 2020’s second quarter, which runs from March 1 to June 30.

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