As policymakers and investors anxiously eye the Labor Department’s jobless claims report, due for release Thursday, a Washington-based think tank has made a dire forecast of 14 million jobs lost by summertime.
“Our best guess at this point is that the national economy could lose 14 million jobs by summer 2020,” said The Economic Policy Institute (EPI) in a note that blamed the COVID-19 outbreak for the dismal figures.
