The report was conducted between March 2 and March 31, when jurisdictions across the country directed millions to stay at home
Kudlow said the economy could begin to recover within a four- to eight-week period.
The economic lockdown, according to the Financial Times editorial board, has disproportionately impacted “already worst off” individuals
In the final two weeks of March, nearly 10 million Americans filed for unemployment benefits.
The chief global strategist for Morgan Stanley Investment Management says the coronavirus has caused economic history to be made.
Estimates vary drastically for how high unemployment will climb, but economists broadly agree that it will be grim.
Companies may borrow up to 2.5 times their payroll, or up to $10 million, which can be used for payroll and other expenses.
It was the first decline in payrolls since September 2010, and the steepest since March 2009.
In the final two weeks of the month, 10 million Americans applied for unemployment benefits, a stunning sign of the scope of the economic crash.
Wall Street executives briefed on the government’s efforts say while the exact details of the next round of the stimulus remain unclear, the various political factions involved in the process have reached an unofficial consensus.
Get all the latest news on coronavirus and more delivered daily to your inbox.
The forecasts are far less bleak than the picture painted by the record-shattering jobless claims.
Depending on the employer’s 401(k) plan, contributions to the retirement savings account could be matched (up to a certain point of their salary) by the employer.
Economists expected the number of Americans filing for unemployment to top 3 million as the virus outbreak leaves the economy reeling.
Claims are expected blow past the previous week's record 3.3 million
Bullard’s comments follow a bleak analysis by St. Louis Fed economists, which projected that unemployment could hit 32 percent in the second quarter.
The coronavirus crisis has forced businesses big and small across the country to close their doors in an attempt to mitigate the disease's spread.
Analysts warn firms are yet to fully factor in the coming business hit from the pandemic
According to a new report by Redfin, affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March as a result of the coronavirus.
The borrowing spree happened because regulators had “few, if any” tools to rein it in and because low interest rates made it easier for companies to borrow, she said.