The order to shelter at home and closing of non-essential businesses has created a significant impact on the national and local economies. The unemployment claims over the last seven weeks are near 33.5 million exceeding prior records by many times. The current unemployment rate is estimated at 14.7% based on a survey by Reuters, with some economists projecting a rate as high as 20%.
Provided By
ROBERT E. DIETRICH
MAI, CRE, CCIM, MRICS
Senior Vice President
Valuation Advisory Services
213.225.7217
bob.dietrich@kidder.com