One in five. Let that sink in. Ten years of job market gains gone. It took months to shed 8 million jobs during the Great Recession. And that Great Recession got its own nickname it was so bad. This is four times worse in lightning speed. Just two months ago the jobless rate was 3. 5 . In april, its forecast to reach from 16 to 20 . Thats the worst since the Great Depression. There is no playbook for this. We put the economy into a recession on purpose to fight the virus. It is impossible to know how many of those jobs come back and how quickly. Worst since the Great Depression with an important difference. America has a safety net this time. The Federal Reserve announced nearly unlimited support for the credit markets and Congress Passed 3 trillion in bailouts, including more generous unemployment checks than in prior recessions, john. An extra 600 a week for four months for the unemployed. That runs out the end of july. Again, were standing by for these numbers. 90 minutes from now,
Garden without a mask claiming we have prevailed as far as testing. He has mixed messages urging states to reopen. A new model raised the projected death toll to 137,000 americans will die because of coronavirus by early august as restrictions are eased and americans become more mobile. Jeremy, we heard quite a few conflicting claims from the president. Reporter we did particularly on testing. President trump it outing some of the progress made in testing. But we heard the president go much further than the facts allow. We did hear kind of a Mission Accomplished moment from the president on the issue of testing. In every generation through every challenge and hardship and danger, america has risen to the task, we have met the moment and prevailed. We prevailed on testing is what i was referring to. If people want to get tested, they get tested. We have the greatest capacity in the world. If people want to get tested, they get tested. Reporter that statement from the president was remin
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Amazon’s “Prime Day” is coming back on October 11th and 12th, and researchers from Lehigh University say you may end up spending even more money during this special event than you do on Black Friday this year.
We are all looking for good deals, especially as we get closer to Christmas. This might be a good time to do some of your holiday shopping online. Amazon’s “Prime Day” is October 11th and 12th