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It's been about two months since the US began sweeping lockdowns to contain the spread of coronavirus The economic pain of the coronavirus-induced recession swiftly overtook that of the Great Recession in that short time as millions of Americans have lost jobs, businesses remain frozen, and consumer spending has taken a major hit.  See below for five charts that show how the coronavirus-induced economic...

US jobless claims for the week ending May 16 totaled 2.4 million, the Labor Department said Thursday. That matched the median economist estimate of 2.4 million claims.  That raises the nine-week total to nearly 39 million. It's the seventh week in a row in which claims have declined but remained historically elevated. "Each week of such high claims is a disaster in its own...

On Thursday, the Labor Department released its weekly jobless claims report, showing 4.4 million Americans filed for unemployment in the week ending April 18.  In the last five weeks, 26 million Americans have lost jobs and filed for unemployment benefits as economic fallout from the coronavirus pandemic continues.  Here's what five economists said following Thursday's weekly jobless claims report.  Visit Business Insider's homepage for...