BREAKING: 3.84M Americans filed initial jobless claims last week, bringing 6-week total to more than 30M.
to boost the number of claims they can process. Other states are asking retired employees to come back and deal with the onslaught of forms.
Some government relief programs have so far not produced the intended economic support, with the Paycheck Protection Program running out of funds within days of its launch, and many small businesses — and their employees — still desperate for a lifeline. "Programs like the PPP were expected to keep workers on payrolls. So far, that wasn’t the case,” said Michael Gapen, chief U.S. economist for Barclays.the unemployment numbers are expected to abate.
Nearly half of the world's workforce is at immediate risk of losing their livelihood because of coronavirus, the International Labour Organization warned on Wednesday. The continued sharp decline in working hours, as well as lockdown measures due to the outbreak means that 1.6 billion informal economy workers around the world “stand in immediate danger of having their livelihoods destroyed,”
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