U.S., Europe jobless claims soar amid pandemic lockdowns
By DAVID CRARY, JOHN LEICESTER and DAVID McHUGH, Associated Press
Published: April 30, 2020, 8:26am
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NEW YORK (AP) — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe’s economies have gone into an epic slide.
And as bad as the numbers are, some are already outdated because of the lag in gathering data, and the true economic picture is almost certainly much worse.
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