Wow. I just saw the figures and I am amazed. 742,000 more jobs lost in March. 742,000 people is larger than most American cities. I am still trying to process that number.
Just think about it. 742,000 people, with an average family size of 3 people represents over 2.2 million people directly effected. A lot of people are feeling the pain of being unemployed. And, that does not count the number of those who were contract employees who are no longer working. and who may not be applying for unemployment. The real number of Americans becoming unemployed could easily be closer to 850,000 - for the month of March alone.
I have heard government spokespeople say things were going to get worse, but I don't think anyone had these kinds of numbers in mind.
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