Weekly Economic and Financial Commentary: Global Economic Downturn Intensifies

<p>U.S. Review April Employment Plummets April nonfarm payrolls confirmed what we already knew—the labor market is collapsing. By the survey week of April 12, net employment had fallen by 20,500,000 jobs. The unemployment rate jumped 10.3 percentage points to 14.7%, the highest since World War II, but the BLS suggested the true rate was near […]</p>
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