Good afternoon: Today's PM — edited by Justin Green — is 487 words, a 2-minute read.
🚨Markets finished up today despite the second-worst jobless report in history. That's largely thanks to the Fed's monster package of loans for businesses, state and city governments.
Sentence from a nightmare: 6.6 million Americans filed for unemployment last week, a decline from the previous week's 6.9 million.
The big picture: Over the past three weeks, 1 in 10 working-age adults filed for unemployment, Axios' Courtenay Brown notes.
Why it matters: We're not even close to understanding the long-term ramifications of America rocketing from sub-4% unemployment to what could be Depression levels in about a month.
But we do know:
The bottom line: Now is the time to behave in ways that you can recount with pride for future generations.
Photo: Patrick Semansky/AP
Senate Majority Leader Mitch McConnell practices social distancing while speaking with a reporter outside the Senate chamber, April 9.
Photos: Jacquelyn Martin/AP
Volunteers are the tip of the spear for a grassroots effort to keep Washington, D.C.’s most vulnerable neighborhoods fed during the coronavirus lockdown, AP reports.
Southeast D.C. scenes, clockwise from top left: