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Another 5.2 million Americans filed for unemployment benefits in the latest week

U.S. Jobless Claims Top 20 Million Since Start of Shutdowns The US Labor Department reported that 5.245 million more Americans filed first-time claims for unemployment last week. The new numbers include independent contractors and others who previously were not eligible for benefits. That brings the total rise in US unemployment …

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Monetary Fund: We are witnessing the worst economic crisis in 90 years

The International Monetary Fund believes that this year the global economy is experiencing its worst recession since the Great Depression, with emerging markets and low-income countries in Africa, Latin America and Asia exposed to high risk. According to Bloomberg, the fund’s director-general, Kristalina Georgieva, said in a speech on Thursday …

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