04 Aug Unemployment could peak in May or June at 20% to 25%

Nearly 39 million Americans have lost their jobs since the crisis accelerated two months ago. States from coast to coast are gradually reopening their economies and letting people return to work, but more than 2.4 million people filed for unemployment last week alone. Unemployment could peak in May or June at 20% to 25%, a level last seen during the depths of the Great Depression almost 90 years ago.

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