“U.S. labor market unexpectedly improves; recovery years away”
June 8, 2020
“The Labor Department’s closely watched employment report on Friday also showed the jobless rate falling to 13.3% last month from 14.7% in April, a post World War Two high. But the improvement was unequal, with the unemployment rate for whites posting a record decline, but rising for blacks and Asians.
The report followed on the heels of surveys showing consumer confidence, manufacturing and services industries stabilizing. Businesses have reopened after shuttering in mid-March..”
I tend to be more optimistic. I think the recovery will happen fairly quickly. How quickly I don’t know but my reasoning for this is since the lockdowns were not normal the recovery may not be normal either.