CBO also projects 26 million more unemployed Americans than there were at the end of 2019.
If the collective outlook is anything close to accurate, it will represent the worst drop for a U.S. economy that was brought to a halt due to efforts to stem the coronavirus pandemic.
Job growth will improve "materially" in the third quarter as social distancing policies associated with the virus diminish somewhat. However, the CBO said, "persistence of social distancing will keep economic activity and labor market conditions suppressed for some time."
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