The Recession's Economic Damage is Widespread
Small Business Labs
MAY 13, 2020
Yesterday we covered a series of recent articles saying it will take 2-3 years for the economy to recover to pre-pandemic levels. One reason for this view is almost all industries are being negatively impacted by the recession. Illustrating this is the BLS's employment diffusion index. This index is calculated by adding the percentage of industries with employment increasing plus one-half of the industries with unchanged employment.
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