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The Audacity of Slope: The Economy in 2020 and Beyond

Palmer-Donavin - 05.19.20 by Elliot Eisenberg, Ph.D.

Despite a strong start to 2020, including a record low unemployment rate and surprisingly strong job growth in both January and February, the longest expansion in US history came to a screeching halt the week of March 9th when over three million persons filed first-time claims for unemployment in the face of the first state lockdowns in response to Covid-19. As each week brought progressively more states into economic suspension, close to 40 million first-time claims have now been filed and the unemployment rate is expected to soon exceed 20%, a level only surpassed during the Great here to read more.

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