WASHINGTON - More US regions saw economic activity stall or slow in November as Covid-19 cases surged, and businesses were less upbeat about their prospects, the Federal Reserve said on Wednesday .
Even in some of the regions reporting growth, activity remained below pre-pandemic levels, the central bank said in the report produced about every six weeks. With most schools still limiting in-person classes, the report notes that,"providing for childcare and virtual schooling needs was widely cited as a significant and growing issue for the workforce, especially for women."
But Federal Reserve chairman Jerome Powell has repeatedly stressed that more government aid will be needed to sustain the recovery and help firms and families survive until the virus is brought under control. "The cases heightened concerns that the winter months would prove difficult, if not impossible, to survive for some firms," the report said.
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