Posted: 2020-08-03 9:52:20

It's Looking Like a "Swoosh" Shaped Recovery for the U.S.

"businesses of all kinds need to be prepared for the recession lasting well into next year"

From Steve at Small Business Labs
Originally published 2020 08 03
"The foundations to this recovery are cracking under the weight of a mismanaged health crisis. Our Recovery Tracker fell for the third time in five weeks in the week ended July 10. The health index declined for the fourth consecutive week; demand fell for the second consecutive week, its largest decline in four months; and employment was unchanged."
Other data also points to a slower recovery, especially unemployment claims which have averaged well over 1 million a week over the past 4 weeks and rose last week over the prior couple of weeks. 
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Tags:shaped recovery,swoosh,next year,week,less economic activities,total u.s. consumer,mismanaged health crisis,economic forecasting survey,fourth consecutive week,u.s. recovery tracker,Small Business Economy