5 reasons why you shouldn't freak out about 20.5M job losses

Posted on AllSides May 8th, 2020
From The Left
Economy and Jobs, coronavirus, job losses, jobs report, stock market

Even with the economy freezing up and layoffs surging, there are hopeful signs for recovery following this sudden collapse in American commerce caused by COVID-19.

Stocks posted their best month since 1987 in April, with the Standard & Poor’s 500 cutting its 33% loss from February into late March by more than half through Thursday's close.

To be sure, economists expect further job losses in May after the unemployment rate jumped to 14.7% in April, the highest since records began in 1948. And some analysts are skeptical that stocks have...

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https://www.usatoday.com/story/money/2020/05/08/coronavirus-unemployment-rate-why-you-shouldnt-freak-out/3090804001/

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