Reports Show 16.8 Million People Have Filed For Unemployment Due COVID-19

“This week’s unemployment insurance claims are yet another indication of the recessionary dynamics created by the coronavirus pandemic,” Moody’s senior vice president Robard Williams wrote in a email, according to CNN. The government hopes its economic relief package and policies by the Federal Reserve, which include an additional $2.3 trillion in loans, will soften the blow a little bit.

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