Wednesday, 06 May, 2020
L,U or V RECOVERY?
L,U or V RECOVERY? Some snippets from jobs data suggest if not an L, then a long based U shape as “a worrying trend emerging from the stacks of layoff notices filed by businesses in California, Florida, and New York, where service industries have been hammered by lockdown orders, as well as politically important swing states such as Michigan and Ohio, where key industries such as steel and autos already faced headwinds going into 2020. Plenty of layoffs that just a month ago were labeled “temporary” are now tagged “indefinite” or “permanent.”
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