41 million unemployed in U.S., GDP growth down 5%

About

2.1 million

Americans filed new unemployment claims in the last week, the U.S. Department of Labor reported.

The latest U.S. jobless numbers bring the total unemployed since mid-March to 41 million.

The transportation industry has seen thousands of job cuts in the last week. American Airlines will slash about 5,000 positions, 30% of its management and support staff.

The U.S. Real

Gross Domestic Product

decreased 5% in the first three months of 2020.

The real GDP decline reflects

negative personal consumption

spending, private investment and exports.

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