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March 20, 2020

Layoffs spike in US, Europe as virus shuts businesses

  • Tens of thousands of laid-off workers have already flooded state unemployment websites across the U.S. to apply for jobless benefits.
    AP Economics Writer

    WASHINGTON — Just a couple of weeks ago, Erika Vega hoped her temp job at a cafeteria would soon become permanent. But instead, the viral outbreak shut down the building where she worked and left her wondering where her next paycheck will come from.

    Like millions of Americans and people around the world, the viral outbreak has left Vega in financial limbo, without income as her bills pile up. The U.S. and global economies have come to a shuddering stop, unleashing a wave of layoffs that is much larger and moving much faster than job losses in previous downturns. They are swamping state unemployment benefits systems and leaving many Americans still working anxious about whether they will be next.

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