The coronavirus jobs apocalypse is here

The number of Americans filing for unemployment benefits jumped to its highest level in two years for the week ending March 14, but that was nothing compared to the absolutely historic wave of job losses economists see coming.

The state of play: Goldman Sachs predicts that more than 2 million Americans will file for unemployment claims by next week, pointing to "an unprecedented surge in layoffs this week."

The upcoming March 15-21 period is expected to see "the largest increase in initial jobless claims and the highest level on record."
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