Coronavirus-related job losses look set to top 20 million in a month.
Some 5 million Americans likely applied for jobless benefits for the third week in a row in mid-April as the coronavirus outbreak took an even bigger bite out of the U.S. economy, pushing the unemployment rate to around 15% unofficially.
Wall Street DJIA, -1.86% economists estimate an additional 5 million jobless workers applied for benefits in the seven-day period that ended April 11, swelling the ranks of the newly unemployed in the past month to 22 million.They’ve joined the roughly 1.7 million people who were collecting jobless benefits before the crisis engulfed the U.S. and rest of the world.
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