The $1.9 trillion relief bill was passed by the House over the weekend.
“This reminds us that the economic crisis has not gone away, far from it, at a time when multiple crises have been vying for our attention.”
The December jobs report shows "the economy’s not just tapping on the brakes, but actually has been thrown into reverse."
“We're only half dug out of our hole, and each month's pace of jobs growth has been slower than the last since July."
“The pace of jobs recovery apparent in today’s report suggests that we will be counting the employment recovery in years, not months or quarters."
Overall, at least 77% of adults said they were at least “doing OK” in July, up from 72% in April.
The slowing job growth is “a warning that the recovery could go into reverse this fall without further government support.”
"The downturn was so big — the hole that was dug was so deep — that it will still take probably at least a couple of years to dig ourselves out."
“Firms anticipate holding their employment levels roughly constant over the second half of 2020 and then ramping up hiring in 2021.”
The COVID-19 pandemic threw the U.S. economy into a tailspin. Take our quiz to see how much you recall about the first months of the outbreak.
The U.S. unemployment rate fell to 13.3% in May as states reopened.
"The states may be opening back up, but the labor market is still closed for millions across America."
