An unprecedented wave of layoffs, what you need to know about the stimulus bill, and what comes next

Mar 29 2020 by Business Insider

 

Hello!

This was the week that the economic toll of the coronavirus pandemic really became clear.

On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high. As Joseph Zeballos-Roig reported, the true unemployment number is likely much higher. 

The scale and speed of the surge in unemployment is striking. For many in corporate America, the dramatic turn of events has meant layoffs via virtual...

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