The economic impact of major job losses

The economic impacts of COVID-19 will continue to grow, according to experts.

AND TODAY -- WE EXPECTEVEN MORE GRIM NEWSAS THE MONTHLY JOBSREPORT FOR MARCH ISRELEASEDTHE REPORT COULDSHOW THE MOST MONTHLYJOB LOSSES IN A DECA-- BUT IT'S ONLY AFRACTION OF THE REALHIT TO THE WORKFORCEBECAUSE MANY STATESISSUED STAY-AT-HOMEORDERS LATE IN THEMONTH.41 ACTION NEWSREPORTER RAE DANIELSPOKE TO A LOCALFINANCIAL EXPERT ABOUTTHE STUNNING EFFECTTHESE JOB LOSSES AREHAVING ON OUR ECONOMY-- SHE JOINS US LIVE.YOU'LL SEE SEVERALSIGNS, SUCH AS THESE ---CLOSED DUE TO COVID 19IT'S THAT KIND OF SIGNAGTHAT'S POSTED ONSEVERAL LOCALBUSINESSES ACROSS THEGREATER METRO AREA.I SPOKE WITH AROCKHURST UNIVERSITYECONOMICS PROFESSOR.HE SAYS WITH THE DEEPREEZE RIGHT NOW ANDEVERYBODY STAYING ATHOME - IT CAN PRESENTALL KINDS OFDIFFICULTIES... AND WHATWE'RE DEALING WITHRIGHT NOW IS JUST THETIP OF THE ICEBERGMichael Stellern, EconomicsProfessor, RockhurstUniversity3:26:1I think there will be a lot morepeople who are going to beneeding assistance in the nextcouple of months - it dependson how long this crisis lasts -how long this pandemic lasts.The sooner we can getunder control, the sooner theeconomy will come backHOWEVER THE $2TRILLION DOLLAR RESCUEPKG THAT WAS SIGNEDINTO LAW LAST WEEK WILHELP LIMIT FUTURELAYOFFS -- AND DOESBELIEVE IT WILL BE ATREMENDOUS STIMULUSTO THE ECONOMY ONCETHIS PANDEMIC IS OVER.

INKANSAS IY, RAE DANIEL, 41ACTION NEWS TODA