The US and Europe have taken different approaches to tackling pandemic-induced unemployment but which is best long term?
In two, terrible, months the coronavirus pandemic has driven unemployment in the US to levels unseen since the 1930s Great Depression. Did it have to be this way?
Covid-19 has cost more than 33 million Americans their jobs in the last seven weeks – 10% of the entire US population. The official unemployment rate had shot up from 4.4% to 14.7% on Friday – a figure that probably wildly underestimates the true scale of job losses.
Continue reading...from The Guardian https://ift.tt/35JB1IN
