With layoffs high but slowing, can US job market rise up?
WASHINGTON — Since its record-setting peak five weeks ago, the number of laid-off U.S. workers applying for jobless benefits, while still extraordinarily high, has steadily slowed. The trend suggests that the grimmest period of layoffs that began after businesses suddenly shut down in March has passed. Yet the economy — and tens of millions of unemployed Americans — remain devastated by the economic freeze that resulted […]
