Nearly a year after the coronavirus outbreak, the full impact of the pandemic on the U.S. economy remains unclear. Some of the most obvious indicators are in conflict: as some companies report enormous profits, nearly 10 million more Americans are now unemployed compared with last February, and over one million filed new unemployment claims last week.
Are we still in the early stages of a long recession, or will the rollout of vaccines mean we’ll soon see the end of a short-term crisis? How much are people suffering now, and for how long will the effects of the past 10 months persist?
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(Source The New York Times)