If the economy could speak
The US economy shrank by 32.9% between April and June, its sharpest contraction since the second world war, government figures revealed on Thursday, as more signs emerged of the coronavirus pandemic’s heavy toll on the country’s economy.
The record-setting quarterly fall in economic growth came as another 1.43 million Americans filed for unemployment benefits, a second week of rises after a four-month decline.
The annualized figure is the largest drop in quarterly gross domestic product (GDP) – the broadest measure of the economy – since records began in 1945.
The U.S. Economy:
Looks like I picked the wrong week to quit unemployment benefits