The drop in long-term unemployment, if it continues, would be a welcome development for the recovery from the coronavirus recession. Workers who experience long bouts of unemployment often have a tougher time getting hired because their skills may erode and they face...
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Twin crises: The economic impact of COVID-19 and Americans’ outlook for the future
Americans are experiencing dire financial and emotional trauma from the pandemic-driven recession and worry that these negative realities will linger for many years.
A long road back from the devastation of COVID-19
The recession caused by COVID-19 and the various actions taken to help mitigate the spread of the infectious virus has been devastating to the nation’s economy, and many economists are calling it the worst economic downturn since the Great Depression. The numbers bear...