It was the worst week for the economy in decades. The pain is just beginning.
‘It’s making me go into a depression,’ said LaTonua Bowens, a laid-off cook. ‘I’m worried if I’m going to still have a job.’
The record 3.3 million jobless claims reported Thursday mark the beginning of an economic crisis facing American workers and businesses — a slump, experts say, that will only end when the coronavirus pandemic is contained.
The economy has entered a deep recession that has echoes of the Great Depression in the way it has devastated so many businesses and consumers, triggering mass layoffs and threatening to set...