Millions of Americans could lose their jobs in a coronavirus recession

[Yo_Mama_Been_Loggin]

The odds of slipping into a recession are increasingly likely as the global coronavirus outbreak puts acute stress on the U.S. economy. That could be bad news for American workers, who may lose jobs by the millions in a downturn.

For those workers who don't receive severance pay, the financial impact could be especially devastating.

"It's really hard to predict how it's going to play out," said Wayne Outten, founder and chair of Outten & Golden, an employment law firm in New York, of the coronavirus fallout. "The ripple effect can be dramatic in so many different industries."



The coronavirus, which causes a disease officially known as COVID-19, has spread rapidly around the globe since it originated in China late last year. More than 169,000 people have been infected worldwide, and more than 6,500 have died.

https://www.msn.com/en-us/money/markets/millions-of-americans-could-lose-their-jobs-in-a-coronavirus-recession/ar-BB11fVDL?li=BBnb7Kz

[Wellstone ruled]

1. Todays forcast is for up to

one million jobs to be gone by this time next month.

[hunter]

2. My niece has been working part time to pay for college.

She was laid off this weekend after her college was closed.

She's supposed to finish her college courses online.

She may have to make up for the lost income with further student loans, depending how much this crisis affects the incomes of her parents, aunts, uncles, and other relatives.

Her dad's income is likely to take a big hit as people cut back on non-essential spending, or worse, he can't work because he gets the virus.