Willie Mae Daniels makes melted cheese sandwiches with her granddaughter Karyah Davis, 6, after being laid off from her job as a food service cashier at the University of Miami on March 17 as the university joins in the effort to fight the coronavirus on March 26, 2020 in Miami, Florida.
"Nearly every state providing comments cited the Covid-19 virus," the report said, noting a wider impact across more industries, especially hotels, but also manufacturing and retail. Some economists are predicting the worst job losses since World War II with the country already in a severe recession.'No words'"No words for this," said Ian Shepherdson of Pantheon Macroeconomics."In any event, total layoffs between the March and April payroll surveys look destined to reach perhaps 16 to 20 million, consistent with the unemployment rate leaping to 13 to 16 percent in one month.
But even so, analysts warn the record low US unemployment rate is likely to surge into the double-digits as early as April.
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