The real number of unemployed Americans is even higher
Plus, earnings season’s new “COVID metrics,” the New Yorkers not paying rent and the high delivery app fees squeezing restaurants.
An estimated 94% of domestic workers have had clients cancel on them during the COVID-19 outbreak, according to the National Domestic Workers Alliance, a network of activist groups.
Corporate profits are expected to drop across the board this quarter. But beyond the headline figures, earnings reports offer a lot of clues about how the economy is faring through the crisis.