Information papers display at IDES (Illinois Department of Employment Security) WorkNet center in Arlington Heights, Ill., Thursday, April 9, 2020. Roughly 22 million have now sought jobless benefits in the past month — easily the worst stretch of U.S. job losses on record. The grim figures point to an economy that is tumbling into what appears to be a calamitous recession, the worst in decades. Deep job losses have been inflicted across nearly every industry. Some economists say the unemployment rate could reach as high as 20 percent in April, which would be the highest rate since the Depression.

Source: The Standard April 17, 2020 01:53 UTC