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Three economic historians weigh in.
COVID-related unemployment could cause about 600,000 people to become homeless over the next three years, according to a report from the Economic Roundtable.
Industries like hospitality, which tend to be low wage and employ more Black and Latinx workers, have been particularly hard hit by the pandemic.
After declining over the summer, weekly claims have been stuck above 700,000 since September.
January is usually peak job-hunting season.
But it doesn’t account for those who’ve stopped looking for work.
Small business owners are getting burned out making hiring and firing decisions while cash flow is weak and uncertainty reigns.
The latest COVID relief package will have a positive effect on the economy as soon as this month.
The figures suggest employers have rehired roughly all the workers they can afford to after laying off more than 22 million.
The measure includes money that will allow the airline industry to bring back furloughed workers through March.