The coronavirus recession struck swiftly and violently. Now, with the U.S. economy still in the grip of the outbreak five months later, the recovery looks fitful and uneven — and painfully slow. The latest evidence came Thursday, when the government reported that the number of workers applying for unemployment climbed back over 1 million last […]
The coronavirus recession struck swiftly and violently. Now, with the U. S. economy still in the grip of the outbreak five months later, the recovery looks fitful and uneven — and painfully slow. The latest evidence came Thursday, when the government reported that the number of workers applying for unemployment climbed back over 1 million last week after two weeks of declines. The figures suggest that employers are still slashing jobs even as some businesses reopen and some sectors like housing and manufacturing have rebounded.
