The Terrifying Next Phase of the Coronavirus Recession

The Terrifying Next Phase of the Coronavirus Recession

The Terrifying Next Phase of the Coronavirus Recession

Now the economy is traveling sideways, as business failures mount and the virus continues to maim and kill. New applications for unemployment insurance, for instance, are leveling off at more than 1 million a week-more than double the highest rate reached during the Great Recession, a sign that more job losses are becoming permanent.

By Miki