surveyed by Bloomberg and represented the second straight month of job additions during the coronavirus induced recession.JPMORGAN: The coronavirus crisis has decimated one of the safest defenses against stock-market crashes. Here are 4 ways to pivot your portfolio now.
But the data used for the June jobs reported was likely compiled before an alarming number of COVID-19 cases hit states such as Texas, California, Arizona, to name a few. Bostic he was "trying to figure out whether this levelling off is something that is a more sustained pattern, or just a pause.
Bostic said his "biggest concern in this whole period ... is to what extent are business losses permanent, are job losses permanent?" "When the relief was passed initially, there was a thought about how long this was going to last, and as more information has come in, there's reason to suggest this is going to last longer than that," Bostic said.
These fools haven't been right yet