10 Million Unemployed In The US πŸ’΅ Coronavirus Business Update

The Asian Development Bank has predicted the coronavirus pandemic will cost the world economy up to $4.1 trillion (€3.78 trillion) in lost economic activity, or nearly 5% of total global economic output.

The US jobs market is reeling from the impact of this pandemic, a staggering 10 million American workers have filed for unemployment in the last two weeks.
Stores and restaurants have been hit particularly hard.

Last week, 6.6 million workers filed for unemployment benefit, that’s double the figure from the week before. Focus now turns to the March jobs report, due later on Friday.

The massive surge in US unemployment has many asking about what the coronavirus fallout means for the global economy. {DW News}