Over 40 Million Americans Are Unemployed As COVID-19 Layoffs Continue

The video discusses the decline in jobless claims for the eighth consecutive week, a positive sign amidst the economic challenges following the national emergency declared by President Trump. Despite this, 40 million Americans have filed for unemployment benefits. Economists are concerned about potential further layoffs, especially in state and local governments, and Boeing's plan to cut 12,000 jobs. Attention is now on the upcoming monthly jobs report, with predictions that May's unemployment rate could exceed 20%.

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