Think Tank Forecasts 20 Million Jobs Lost or Furloughed Amid Pandemic

Think Tank Forecasts 20 Million Jobs Lost or Furloughed Amid Pandemic
People stand in line while wearing face masks in the Elmhurst neighborhood in New York City on April 1, 2020. Stephanie Keith/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

As the nation struggles to adapt to the spread of the Chinese Communist Party (CCP) virus, a Washington-based think tank has made a dire forecast of 20 million jobs lost by summertime.

“Our estimate is much larger than was predicted even a week ago, when the forecasting implied 14 million would be furloughed or laid off,” said The Economic Policy Institute (EPI) in an April 1 note that blamed the COVID-19 outbreak for the labor market weakness.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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