Into the void: Recession will be 'deepest peak-to-trough decline in recent memory', experts warn

US labour market key to recovery following Covid-19 impact

David Brenchley
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US unemployment claims recently spiked to a record 3 million
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US unemployment claims recently spiked to a record 3 million

The US labour market will be key to the pace and shape of the recovery from what will be the deepest recession in recent memory, according to analysts.

US unemployment recently saw its largest-ever one-week spike, with the advance figure for seasonally-adjusted initial jobless claims nearing 3.3 million the week ending 21 March, up from 282,000 the previous...

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