FREE newsletter is as good as that first pint back at the pubThe coronavirus pandemic has directly cost some 500,000 lives.
But the damage it has wreaked on the world economy will cost many more.In America, the unemployment rate in April was 14.7%, up from just 4.4% in March.
In real terms that’s at least 44 million people laid off. Between March 29 and April 4 alone, 6.6 million Americans registered as unemployed.More than 27 million Americans stand to lose their employer-provided healthcare coverage as a result of the pandemic, at a time when they might need it most.But it’s not affecting all Americans equally.
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