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Lockdowns Have Deeply Harmed the Most Vulnerable Among Us
Keep this in mind when you see journalists, academics, and internet activists defending the lockdowns from the comforts of their home offices, and sneering at the recently unemployed who venture to point out that the current state of affairs is unsustainable.
READ MOREMassive Job Loss Sends Unemployment Rate to Highest Since the Great Depression
More than 20 million U.S. jobs were lost in April, and with record-shattering initial claims suggesting more job losses to come, a U.S. recession is a near certainty.
READ MOREOn Shocking Job Losses, the Worst May Be Over (Video)
Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. Here I join Karen Tso, Steve Sedgwick, and Julianna Tatelbaum from CNBC “Street Signs” to discuss the U.S. economy.
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