Summary: Since the U.S. economy shut down seven weeks ago, more than 33 million people have lost their jobs, including 3.169 million who filed for unemployment benefits in the week ending May 2. And nearly 7 in 10 Americans say their income has shrunk because of the coronavirus pandemic, according to a new Financial Times-Peterson Foundation U.S. Economic Monitor report. “The outlook for the labor market remains frightening,” Nick Bunker, Indeed.
