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The US Labor Department reported 5.2 million new unemployment claims, totaling 22 million jobs lost in four weeks. Economists warn of a potential 20% unemployment rate, reminiscent of the Great Depression. The Trump administration plans to release guidelines for reopening areas with low COVID-19 transmission, but governors will decide when to reopen their states. Business leaders emphasize the need for more testing and protective equipment. As China and Europe begin reopening, consumer activity remains low due to virus fears. Some regions propose longer weekends to boost the economy. Public health officials suggest normalcy may not return until a vaccine is available. Stay updated with Newsy for more information.
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What is the expected role of governors regarding the reopening of their states?
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What do public health officials believe is necessary before consumers will feel comfortable returning to normal?
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