US unemployment could hit 32%, St Louis Fed says

unemployment-job-loss

US unemployment figures made their greatest ever post-war rise on March 26, but research published by the Federal Reserve of St Louis said they could hit even higher levels.

The number of US workers claiming Federal unemployment insurance rose to 3.28 million in the week ending March 21. This was an increase of three million claimants from 282,000 the previous week, according to the government’s Labor Department.

The rise came as the coronavirus pandemic began to have an economic impact. The

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