Here’s what still threatens America’s economic recovery: by theothersarahh
While Friday’s optimistic jobs news showed the U.S. added 2.5 million jobs in May rather than the loss of 9 million that most experts were expecting, the economy is not yet out of the woods. Here’s what could derail the U.S. recovery.
” see a second wave, Dr. Anthony Fauci said last week, though he acknowledged that new infections will rise in the fall and winter.: The May jobs report also noted that while retail, hospitality, and construction jobs have begun to bounce back, government workers are still being laid off with more than half a million state and local government jobs eliminated in the same period. across the board because of the coronavirus, more trouble could be ahead for the largest employers in the nation.
Lawmakers are still divided over how to address the raft of expiring benefits , with Democrats pushing for more immediate rescue spending while Republicans have advocated for waiting to see how existing stimulus spending shakes out in the economy.These risks come as the stock market stages a remarkable rally— right now, the S&P 500 is up over 40% from its coronavirus crisis-level low on March 23, 2020.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what happened to the stock market on ThursdayStocks plunged amid concerns over the economic recovery while coronavirus-related hospitalizations in certain states grew.
Read more »
Bringing America Back: New cases are on the rise, forecasting the second wave and moreNew COVID-19 infections remain flat or are decreasing in most states, but in 14, they are growing.
Read more »
Pandemic threatens Latin America's once vibrant culinary sceneFans of his uniquely Mexican take on high-end dining once packed a months-long wait list for Enrique Olvera's Pujol but the restaurant is grappling with a tough new reality as the novel coronavirus haunts Latin America's culinary upstarts.
Read more »
How To Get Back To The GymExpect reservation systems for workout times, distance between machines and don’t forget to wear a mask.
Read more »
Differences Between New Coronavirus and SARS Show Why Quick Economic Recovery Is UnlikelyDifferences between the new coronavirus and SARS show why a quick recovery now is unlikely, as nations must wait on their partners for a turnaround
Read more »
Stocks on track for biggest drop since March on concern about economic recovery, coronavirus spikesGlobal stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic.
Read more »