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Federal Reserve economist: 47M could lose jobs in Q2 due to virus

“These are very large numbers by historical standards, but this is a rather unique shock that is unlike any other experienced by the U.S. economy in the last 100 years,” St. Louis Fed economist Miguel Faria-e-Castro wrote in a blog post last week, calling it a “back-of-the-envelope estimate.” 

While…

Source: The Business Journal

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