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IPFS News Link • Employment & Jobs

"US Labor Market Is In Free-Fall"

• by Tyler Durden

After last week's unprecedented 3.3 million surge in initial jobless claims, this week's is even more unprecedented-er, adding a stunning 6.648 million (just 100k away from our estimate of 6.5million) for a two-week sum of 10 million new Americans claiming unemployment benefits...

Source: Bloomberg

As @GreekFire noted, "We've lost 46 jobs for every confirmed case of COVID-19 in the US..."