- The coronavirus pandemic continues to hit the US economy, with another 5.2 million Amercians seeking unemployment benefits last week.
- More than 20 million Americans have applied for benefits in the last month.
- Economists believe that the U.S. economy contracted at its sharpest rate since World War II in the first quarter of the year.
Another 5.2 million more Americans sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would underscore the deepening economic slump caused by the novel coronavirus outbreak.
