I was scrolling through the news and suddenly read that the number (claims) of jobless people in US had crossed 1.1 million, and in my personal opinion this is bad news for the US economy which is already struggling to bounce back from Covid19 effects.
Furthermore the Democrats have continued to blame Trump for the economic mess that US is currently facing, but the voters yet believe in his ability to stabilise the economy.
What do youll think is it right to say that the US V shaped economy wont recover this year, or its only matter of few months before it recovers?.
This is a serious indication that there is a real problem in the country, people are jobless means some industry are not profitable so they are closing the business. I think it will not only need months but probably years to recover as we never know yet when the pandemic will be over, so the damage continues and the longer we are in economic crisis, the longer time needed for the economy to recover.
I'm betting, USA will not be the leading country once the pandemic is over.