That makes it the first major economy to rebound since COVID-19 hit.
The agency projects the COVID-19 pandemic will cost the U.S. almost $8 trillion in lost economic output this decade.
"It's not as simple as telling everyone to go back to work," Cohn says, but that will be "the key to an economic recovery."
The difference between initial jobless claims and overall continuing claims is an important one.
It may take until the end of 2021 for the economy to recover, Jerome Powell said Sunday.
Even years after an event, the trauma lingers.
San German's lights are mostly on, but the city's mayor says bureaucracy is slowing down progress.