There is not going to be RECOVERY. In order to recover an economy, there has to be something there to recover. The recovery period was over in April 2020.
7,380,326 confirmed cases of COVID-19 in the USA .
208.787 deaths due to COVID-19 in the USA.
Unemployment (click here)
Household Survey Data
In September, the unemployment rate declined by 0.5 percentage point to 7.9 percent, and the number
of unemployed persons fell by 1.0 million to 12.6 million. Both measures have declined for 5 consecutive months but are higher than in February, by 4.4 percentage points and 6.8 million,
respectively.
The USA economy cannot return to previous years because of permanent damage by the failure of leadership of Donald John Trump.
U.S. Bankrupties at 10-year high as pandemic takes its toll.
August 13, 2020
By Felix Richter
As the coronavirus pandemic (click here) continues to wreak havoc on the U.S. economy, bankruptcies are on track to hit the highest level in at least 10 years according to figures compiled by S&P Global Market Intelligence.
According to the analysis, which only includes public companies and private companies with public debt and/or assets/liabilities over $2 million or $10 million, respectively, 424 companies announced their bankruptcy through August 9 this year, up 22 percent from the same period last year and the highest level since 2010.
Consumer-focused companies were most affected by the pandemic, with more than 100 of them filing for bankruptcy this year. Due to the lockdown, the already battered retail sector was hit by a wave of bankruptcies that swept away household names such as J.Crew, Ascena Retail and J.C. Penney.
