Economists issue dire warnings on US jobs

29 March 2020 - 00:03 By Staff Agency

US unemployment will hit a post-World War 2 record high as the world's biggest economy is ravaged by the coronavirus pandemic, economists warned after millions of Americans filed for benefits in the space of one week.

A record 3.3-million people signed up for unemployment benefits last week, four times higher than the previous record high in October 1982 and 12 times the 282,000 in the previous week, the US labour department said...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.