Virus 'crippling' US economypublished at 13:59 British Summer Time 9 April 2020
Samira Hussain
New York business correspondent
The news that another 6.6 million Americans have filed unemployment claims is another sign of the crippling impact the coronavirus is having on the US economy. American firms are shedding workers at a terrifying rate as tough measures to control the coronavirus have ground the economy to an abrupt halt. The rate is unprecedented.
The weekly job loss claims are the most timely data on the health of the US economy, and these numbers are likely to strengthen economists’ expectations of 20 million job losses for the month of April. The next few months will be bruising for an American economy that has essentially closed for business.