2.25 million Americans lost their jobs this week

In the United States, 2.25 million Americans lost their jobs this week, analysts at US investment bank Goldman Sachs estimated. Last week, a total of 281,000 Americans lost their jobs, the largest number in one week since 1992.

Coronavirus sends US labor market crashing

According to the bank, the corona virus is to blame that so many people have become unemployed within seven days. Airlines, restaurants, hotels, sporting events, and entrepreneurs, among others, are struggling with the sudden drop in sales in the U.S. and not only.
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Furthermore, Moody’s Analytics estimated that 27 million workers, or about 18% of the U.S. workforce, are at most risk, including leisure and hospitality, transportation and mining and energy.

After years of steady economic growth that pushed unemployment to a 50-year low, the coronavirus pandemic has suddenly raised the specter of joblessness on a scale not seen since the start of the Great Depression.