Nearly 4 million college students are expected to graduate next month into an economic landscape that the coronavirus pandemic has rendered unrecognizable.
The Class of 2019 entered a tight labor market with 3.7% unemployment. Today, in the wake of strict social distancing, the economy has been put into what economists call a “suppression,” a deliberate slowing designed to limit the spread of disease and give hospitals and health workers a chance to manage limited resources across hundreds of thousands of new patients.
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