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Grim jobless, trade numbers for US | The Malaysian Insight

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Grim jobless, trade numbers for US

A protester demanding the reopening of the US in front of the Massachusetts statehouse, while calling for the governor to reopen the Commonwealth, in Boston, Massachusetts. The coronavirus is hitting the American economy badly with record unemployment claims. – EPA pic, June 5, 2020.

IN further signs of the crisis facing the world’s largest economy amid the coronavirus pandemic, new data yesterday showed a record plunge in US exports as layoffs exceeded 42 million. The two key reports on economic health indicate that even as Wall Street regains its strength and some industries show signs of recovery as virus lockdowns ease, the United States is not out of the woods yet.

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