homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

April 3, 2020

Economic fallout mounts along with competition for gear

  • Record-shattering new unemployment claims came Thursday as the competition for scarce ventilators, masks and other protective gear grows more desperate.
    • By MICHAEL R. SISAK, LORI HINNANT and MARK SHERMAN
    Associated Press

    NEW YORK — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S. job market has ever witnessed, and economists warn unemployment could reach levels not seen since the Depression, as the economic damage piles up around the world.

    The bleak news Thursday — a record-shattering 6.6 million new unemployment claims on top of last week's unprecedented 3.3 million — came as the competition for scarce ventilators, masks and other protective gear seemed to grow more desperate and deaths mounted with alarming speed in Italy, Spain and New York, the most lethal hot spot in the nation, with nearly 2,400 lives lost.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.