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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
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