Michigan jobless claims skyrocket 550%, experts say big stimulus needed to stop COVID-19 recession

Goldman Sachs estimates about 2.25 million Americans filed initial unemployment claims this week in the wake of job layoffs due to the COVID-19 pandemic. If that prediction proves to be accurate, it would be the highest number of filings on record.  What can be done? A “large fiscal stimulus” is needed to stave off an … Continue reading Michigan jobless claims skyrocket 550%, experts say big stimulus needed to stop COVID-19 recession