A new chart shows the US economy has already plummeted to Great Recession lows — and that was before the record 6.6 million new unemployment claims
, with the Labor Department reporting 6.64 million Americans filed for unemployment the week ending March 28.
Days before, Dartmouth College professor Danny Blanchflower had correctly forecasted that total jobless claims for March would reach 10 million, in an interview with theThe Financial Times also reported that early figures suggest people out of work in both the US and Europe is already comparable to the numbers for between 2007 and 2009.
The next Weekly Economic Index is sure to be grim reading, too. And it's just a hint of how rough it is out there.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is impacting businesses.
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