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Millions of Layoffs Are Coming, Hotels, Airlines, and Retailers Warn

March 24, 2020

Economists at J.P. Morgan projected on Wednesday that the pandemic would lift the country's unemployment rate to 6.25% from a current 3.5% by the middle of the year. And the outbreak's damage to the job market won't be brief, the economists fear, and unemployment levels could remain as high as 5.25% at year-end.