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Fed Official Warns of 30% Unemployment

A senior Federal Reserve official believes unemployment could hit 30% in the months ahead as the ongoing coronavirus pandemic - and the widespread business closures that have been adopted to stem its spread - wreaks havoc on the U.S. economy.

At the height of the Great Depression unemployment has been estimated at 24.9%

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Mar 23rd, 2020 at 08:22:41 PM EST
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