Weekly unemployment applications rose to 884,000 last week, more than 850,000 economists predicted. And for some experts, the new figures were further proof that the so-called V-shaped recovery trump and his team had promised americans is still a long way off. “The V-shaped recovery is a mirage,” Nick Mazing, director of studies at knowledge provider Sentieo, told NBC News. “We are seeing permanent relief in the duration of various sectors of the economy. “
Thousands of bars and places to eat have collapsed since the start of the pandemic and the fate of those who survived is now in the hands of state officials who will have to weigh the dangers of reopening corporations to spread the coronavirus in the face of a wave of bar and food failures. “I’d love to have everything open, but I think we can all agree that sending our young people to school is more basic to the functioning of our society than bars,” Malia Jones, an epidemiologist at the University of Wisconsin, told NBC News. “There is a recovery plan for the corporations that are suffering. Some of them are going to be closed for a long time, I think. “
Corky Siemaszko is senior editor of NBC News Digital.
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