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U.S. Economy Sheds Another 2.1 Million Jobs, Leaving 40.7 Million Unemployed Since Start of Pandemic

HeadlineMay 29, 2020

The U.S. Labor Department reported another 2.1 million workers filed for unemployment benefits over the last week, bringing the toll of job losses since coronavirus lockdowns began in mid-March to a staggering 40.7 million. One in four U.S. workers has lost their job in just 10 weeks. The Institute for Policy Studies reports that during the same period the combined wealth of U.S. billionaires soared by $485 billion.

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