The Labor Department reported hat around 9m people had filed for unemployment insurance over the past two weeks. By contrast, in a healthy economy, fewer than 0.5m people would have done so.
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The unemployment rate Is probably around 13%
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Be warned, these numbers yield an imprecise estimate of today’s unemployment rate, and the truth could easily be quite a lot higher or lower. This is not an estimate of the official unemployment rate for March, which reports the state of the economy a few weeks ago when the labor market was in better shape, nor is it a forecast for the official rate in April.
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