, new data on Thursday, June 4, showed a record plunge in United States exports as layoffs exceeded 42 million.and some industries show signs of recovery as virus lockdowns ease, the US is not out of the woods yet.the week prior
"This and other indicators suggest not that the job market is improving but that it's getting bad less quickly," Jared Bernstein, senior fellow at the Center on Budget and Policy Priorities think tank, said on Twitter.ordered in mid-March to stop the spread of COVID-19 are slowing. After falling last week, the insured unemployment rate ticked up half a point to 14.8% – a huge number of Americans not working, but that only reflects those with unemployment benefits.
In an interview with Fox News, Scalia said"many of these jobs will come back quickly because they were still there."Meanwhile, the Commerce Department reported that US exports and imports dropped by a record amount in April and the trade deficit jumped more than $7 billion to $49.5 billion as the coronavirus shuttered businesses and closed down transportation worldwide., exports of US goods and services fell more than 20% or $39 billion to $151.3 billion, the lowest level in 10 years.
Duterte “ China is our friend “
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