The pandemic is causing a permanent blow to the US economy. Unemployed numbers have doubled in percentage since April. There is an issue regarding the jobs lost will ever return. Couple that with the many redundancies announced by companies recently. With the numbers of closing and bankrupt businesses, it is becoming a hard pill to swallow for many. This only means that it will take years to get back to recovery. Even then and when we do the place we arrive at in that recovery. Only places us back along the path of where we were. This trend is therefore a great worry for the economy.
It is also a great worry for people without jobs and with families struggling to put food on the table. It can only be hoped as businesses shut down that they are replaced by new businesses to replace them and rehire the many placed on unemployment benefits.
