US initial unemployment claims fell very slightly in the latest week, from 6.9 million to 6.6 million. So far, 16.8 million people have lost their jobs in the last 3 weeks. This is 13 % of the total for non-farm payrolls, which in the latest month (March) totalled 129.5 million. And this process isn't over yet. This recession, globally and in the USA, is going to be very deep.
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