20 million American workers could lose their jobs in the next 3 months because of the coronavirus pandemic
The report cited a Goldman Sachs prediction that the"This large drop in GDP is consistent with 19.8 million jobs lost by July, bringing unemployment rates across the country into the mid-teens," Senior Economic Analyst David Cooper and State Economic Analyst Julia Wolfe wrote for EPI.
The institute's job loss estimates mount with each passing week. Just a week ago, on March 25, EPI had a much more conservative but still startling estimate:
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