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The government support provided at the beginning of the pandemic was meant to be temporary, but companies are still suffering.
We have to take the word of economists at the National Bureau of Economic Research, who have been making that call for a hundred years.
In the past, the National Bureau of Economic Research has watched an economic decline for longer before declaring a recession. But this is no ordinary contraction.
A group of economists declared Monday that the longest expansion on record has ended.
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
Recession grads make less money, and it takes 10 to 15 years to catch up in terms of income.
A Marketplace Edison Research poll found a third have lost hours but 16% are working more.
The city is quickly becoming a case study for how a frayed social safety net responds in a global pandemic.
Just because the COVID-19 recession came on incredibly quickly does not mean it will be a quick recovery.
Demand will come back after the coronavirus pandemic subsides, but how much demand? And for what?