But on the economic front, we’re continuing to see improvement. As states eased lockdown restrictions in the spring and summer, the economy switched from the worst contraction in history to one of the fastest recoveries. Indeed, the unemployment rate that hit a peak of 14.7% in April has since come down to 6.9% as of October.
That said, we aren’t out of the woods yet. More business failures are on the way as companies hardest hit by the pandemic run out of cash. Not to mention the weak labor market makes it hard for the employed to get raises and the millions of unemployed Americans to find a paycheck. We’re in recovery, but not all of … Read More