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Dismal economic data sends Wall Street lower

“This is the saddest day for the global economy we have ever seen” in the 50 years that economists at High Frequency Economics have been following economic data, they wrote in a report.

 
3.8M seek jobless aid, raising layoffs since virus hit to 30M

Government figures released Thursday showed that 3.8 million laid-off workers applied for jobless benefits last week, raising the total to about 30.3 million in the six weeks since the outbreak took hold.

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