XPost: alt.guitar.amps
From: BiteMe@Bitch.org

#WuHanDon business success :

JPMorgan predicts 20 percent unemployment, 25 million job losses

JPMorgan's economists signaled an even more significant economic
ramifications from the COVID-19 pandemic than previously believed,
predicting a 40 percent drop in the U.S.'s gross domestic product (GDP)
and the country's unemployment rate rising to 20 percent.

“With these data in hand we think the April jobs report could indicate
about 25 million jobs lost since the March survey week, and an
unemployment rate around 20 percent,” they wrote, CNBC reported. “Given
the expected hit to hours worked this quarter we now look for -40.0
percent annualized real GDP growth in 2Q, down from -25.0 percent previously.”

For the poorly educated that is 1/5th of Americans working population

..

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* Origin: www.darkrealms.ca (1:229/2)