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49 Percent Of U.S. Companies Expect Layoffs “In The Next Three Months” As Unemployment Hea

If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history.  Of course what we have already witnessed is difficult to believe.  Last week more than 3.2 million Americans filed initial claims for unemployment benefits, and that was more than four times higher than the previous all-time record.  This week another massive surge is expected, and we will continue to see lots more layoffs for as long as this pandemic persists.  It is going to be a very challenging time for the country as a whole, because we haven’t seen anything like this since the Great Depression of the 1930s.
more:
 http://theeconomiccollapseblog.com/archives/49-percent-of-u-s-companies-expect-layoffs-in-the-next-three-months-as-unemployment-heads-to-great-depression-levels

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