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Fed Economists: U.S. Unemployment Could Reach Record 32% in June

HeadlineApr 01, 2020

Federal Reserve economists are warning the coronavirus pandemic could push the U.S. unemployment rate above 32% by the end of June — higher than the peak jobless rate of 25% during the Great Depression. The news comes as thousands of tenants around the country are calling for immediate rent cancellation. Later in the broadcast, we’ll hear from an organizer of today’s April 1 “rent strike,” and we’ll hear from UPS drivers and Amazon employees organizing for safer working conditions amid the pandemic.

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