WASHINGTON (Reuters) – The U.S. economy’s record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.
FILE PHOTO: People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York October 7, 2014. REUTERS/Shannon Stapleton
And the scars are deeper for some than others. Just as the decade-long recovery had begun to dent some of the disparities in the U.S.