There's a jobsreportdueoutFridaymorningfromthe U.S. LaborDepartment.
ItwillbeforthemonthofMarch.
Andyesterday, economistsexpecteditwouldshowthe U.S. lost a hundredthousandjobsandthattheunemploymentrate, thepercentageofworkerswhodidn't have a job, wouldincreaseto 3.8 percentfromitshistoriclowof 3.5 percent.
Butthere's a catch: theinformationforthatsurveyisonlyasrecentasthemiddleofMarch, andthat's beforerecordsstartedbeingbrokenforinitialjoblessclaims.
LastFriday, wetoldyouhowthatnumberwhichaccountedforthethirdweekofMarchwas a record 3.28 millionpeople.
Today's figure, whichmeasuresthenumberofinitialjoblessclaimsinthefourthweekofMarch, is a newrecord, 6.6 millionpeople.
Isthere a silverlininghere?
U.S. TreasurySecretaryStevenMnuchinsayswhenthe U.S. defeatsthevirus, heexpectstheAmericaneconomywillrecoverquickly, withgrossdomesticproductjumpingbackupandunemploymentdroppingbackdowntothewaytheywerebeforethecoronavirusstruck.
Thatliterallydependsonhowtherecoveryshapesup.
Howquicklycantheeconomyrecoverfromcoronavirus?
A lotdependsonwhatshapethisrecessiontakes.
There's analphabetsoupofpossibilities, the V-shaped, the U-shapedorthedreaded L-shaped.