The Next Jobs Report Will Be Bloody

Mall of America will temporarily close. Restaurants and bars in 16 states will close. Macy's will close. Much more.

Ohio Unemployment Rate Skyrockets

ZeroHedge Reports Ohio Unemployment Skyrockets By 600% After All Bars & Restaurants Shuttered

A new Marist poll this week for NPR/PBS News found 18% of US adults responding they'd already either been laid off or had significant reduction of hours due to the ripple effect of the pandemic.

For an indicator of just how high national unemployment may skyrocket, look no further than Ohio, which on Sunday night declared a 'health emergency' and shut down all bars and restaurants state-wide. Journalist Liz Skalka for The Toledo Blade reports that Ohio Senator Rob Portman (R) received "new data on Ohio's unemployment claims today: 45,000 claims this week compared to 6,500 last week."

The state-wide ordered shutdown of dining and drink establishments by Ohio Governor Mike DeWine on Sunday night impacted about 10% of the state's workforce, some 500,000 people

Car Production Curbed

After a round of bickering over details, Detroit Automakers and UAW Agree to Curb Production.

The Detroit Three automakers and United Auto Workers agreed on Tuesday to curtail production at U.S. factories and limit the number of workers on the job at one time to prevent the spread of the coronavirus among roughly 150,000 factory employees. The union and the automakers agreed to “rotating partial shutdown of facilities, extensive deep cleaning of facility and between shifts, extended periods between shifts, and extensive plans to avoid member contact,” the union said in a statement.

The agreement came hours after UAW President Rory Gamble went public with his dissatisfaction with how General Motors Co (GM), Ford Motor Co (F) and Fiat Chrysler Automobiles NV  (FCAU) had responded to his proposal on Sunday that the companies stop production in the face of the coronavirus threat.

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