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The good, the bad and the alarming of early economic recovery

Source: Heather Long, Washington Post (Paid Registration)

The picture shows an economy that’s slightly improved from April but still in a deep hole. There are troubling signs that the initial rebound is stalling as the deadly coronavirus flares in parts of the country.

Nearly 15 million Americans who lost their jobs in March and April haven’t been rehired, which is as many people out of work as during the worst of the Great Recession. Permanent job losses spiked in June, meaning those jobs won’t be coming back. And major airlines and casinos are still announcing thousands of fresh layoffs.

Read Full Article: The good, the bad and the alarming of early economic recovery

 

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