From 50-year low to fears of 20%? How coronavirus is fast changing U.S. jobless rate [Los Angeles Times (CA)]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
Company Research
Source: Los Angeles Times
New government data Thursday on layoffs underscored both the severity of the looming unemployment crisis and the challenge Congress and the White House face in deploying effective responses to the coronavirus. After years of steady economic growth that drove unemployment to a 50-year low, the pandemic has suddenly raised the specter of joblessness on a scale not seen since the onset of the Great Depression. And it has challenged policy makers and Congress to recognize that the current medical emergency is crippling the economy in ways that are fundamentally different from past financial crises — and may require strategies that are closer to those adopted in wartime than to conventional emergencies. Bailouts for hard-hit industries and small businesses, for example, could help them survive long-term. But such policies do little to help the millions of workers who are losing all or much of their ability to meet day-to-day living expenses. Similarly, traditional financial relief packages
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MUFG
Sec Filings
- 5/9/24 - Form 13F-HR
- 4/17/24 - Form 6-K
- 4/9/24 - Form 424B2
- MUFG's page on the SEC website