Author: Paul Davidson, USA TODAY

Nearly 2M more jobless claims are forecast, pushing total to more than 42M. But as economy reopens, layoffs are easing and some are returning to work

Some 30% of America’s economy has evaporated, leading to 20.5 million job losses and soaring unemployment.

Ready Capital has kept thousands of small businesses waiting for critical loans as it struggled to meet demand

Economists forecast 21.5M job losses and 16% unemployment in April report due Friday. But such numbers don’t account for millions who left labor force.

Deflation, or falling prices, is another risk for the economy. Falling demand for goods and services could push down prices, creating a toxic cycle.

Q1 GDP report, out Wednesday, is set to reveal early economic fallout from the coronavirus. Later Wednesday, the Fed is likely to vow continued aid.

Small businesses are scrambling to secure federal loans to survive the coronavirus fallout. Many have days to survive. Others are wary of the loans.

Another 6.6 million workers file unemployment benefit claims as the coronavirus shuts down the economy and layoffs mount.

Fed announces $600B lending program for midsize firms