The staggering economic effects of the coronavirus are rapidly increasing, and U.S. workers in a variety of industries—from casinos and bars to airlines and cruise ships—are feeling the economic pressure.
Looming Economic Recession
The Dow Jones plummeted on Monday, marking its worst fall ever and Wall Street’s worst showing since 1987’s Black Monday.
That same day, UCLA revised an economic forecast issued just last week that predicted a looming recession.
In its revised version, UCLA Anderson Forecast announced the economy has already stopped growing and will likely stay that way through the end of September.
Major Cities Declare Shelter in Place Orders and Lockdowns