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New York City mayor says half a million New Yorkers are unemployed — or soon will be

Economic difficulties due to the coronavirus pandemic are worsening, New York City Mayor Bill de Blasio said at a news conference this morning.
“When it comes to the economic battle, when it comes to battling to make sure that people have the food they need, that situation is not getting better, it’s getting worse,” he said, citing job losses and reduced paychecks.
He added:

“The initial projection is at least half a million New Yorkers are either already out of work or soon will be. That is the kind of level of unemployment and economic distress. The only comparison you could make for that is the Great Depression, which scares me to the death to even say that.”