Economic figures show grim toll in Europe and US from virus
May 1, 2020
NEW YORK (AP) — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe's economies have gone into an epic slide.
And as bad as the numbers are, some are already outdated because of the lag in gathering data, and the true economic picture is almost certainly much worse.
The statistics are likely to stoke the debate over whether to ease the lockdowns that have closed factories and other businesses. While many states and countries have pres...