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Home • News

Economy News: Nation’s Recession Deepens

By Essence · Updated October 29, 2020
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U.S. layoffs exceed 100,000 this month and it is only the third week of December. Bank of America and at least 20 other companies announced more massive cuts, according to CNNMoney.com. “This is the reason it’s going to be the longest recession we’ve had in post-World War II history,” says Rich Yamarone, director of economic research at Argus Research.