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The company reported a loss for the quarter of $248.2 million, compared to a loss of $19.5 million during the first quarter of 2019.
The unemployment rate rose to 14.7%, the highest rate and the largest over-the-month increase in the history of the series.
Stoneburner was previously at Motion Industries, where he most recently served as the senior VP - Eastern US Branch Sales and Operations, Mergers and Acquisitions.
