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Thread: More than half of American jobs are at risk because of coronavirus

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    More than half of American jobs are at risk because of coronavirus

    There could be some rough days ahead for Americans.


    "Nearly 80 million jobs in the US economy are at high or moderate risk today, according to analysis in the last week from Moody's Analytics. That's more than half of the 153 million jobs in the economy overall.


    That doesn't mean that all those jobs will be lost. But it's probable that as many as 10 million of those workers could see some impact to their paychecks -- either layoffs, furloughs, fewer hours or wage cuts, said Mark Zandi, chief economist at Moody's Analytics.


    Of those 80 million jobs, Moody's Analytics projects that 27 million are at high risk due to the virus, primarily in transportation and travel, leisure and hospitality, temporary help services and oil drilling and extraction. Maybe 20% of those workers, comprising about 5 million jobs, will be affected, Zandi said."



    https://www.cnn.com/2020/03/16/econo...rus/index.html
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    It's not all doom and gloom.
    The remainder of the world is in the same situation so, in effect, if it was working at 100% before the virus and is now working at 50%, no one, in theory, is worse off but everyone has learned a lesson from it.
    Suddenly, all those funds that didn't exist yesterday miraculously appeared today or a week ago elsewhere or will appear a week from today in other countries.
    The one thing in common is that no matter the political party, the solution remains the same.
    That, if nothing else, should reflect on politicians who claim their solutions are better than those of others.

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