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Update: US joblessness at drastic proportions

Nearly 39 million people have applied for unemployment assistance due to coronavirus

Nearly 39 million people have applied for unemployment assistance due to coronavirus. Some people are predicting a quick recovery for a lot of those people, but Nicolas Bloom, professor of economics at Stanford University, is far less sanguine about it. Also in the programme, Cary Leahey of Decision Economics in New York explains why market traders seem unconcerned by those jobless numbers.

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