The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
► SUBSCRIBE to our channel – https://www.youtube.com/user/marketplacevideos
ABOUT MAKE ME SMART:
Because none of us is as smart as all of us. Make Me Smart with Kai and Molly is a podcast about the economy, technology and culture. Hosts Kai Ryssdal and Molly Wood use their expertise to connect the dots on the topics they know best, and get help from listeners and experts about the ones they want to know better.
FOLLOW MARKETPLACE:
Facebook – https://www.facebook.com/marketplaceapm
Twitter – https://twitter.com/Marketplace
Instagram – https://instagram.com/marketplaceapm