In the wake of the Georgia runoff elections, economists expect more U.S. government spending to offset the damage from the pandemic, and that those outlays will give the world economy a boost as well. “Investors are already looking trough this temporary period of economic weakness,” wrote Seema Shah, chief strategist at Principal Global Investors, in an email to reporters.
Lockdowns are putting a dent in the labor market, but the hope for vaccine distributions, met by pent-up consumer demand, is keeping investors in the market.
The latest employment news highlights the need for aid and underscores the damage from the latest resurgence in coronavirus cases. The loss of jobs was the first since the economy began to recover from the damage wrought by the lockdowns of the spring, while the unemployment rate remained at 6.7%, halting a steady decline.
Coronavirus pandemic picked in Japan as top international story of 2020
The novel coronavirus pandemic has been selected by senior editors of Kyodo News and its member or subscriber newspapers and broadcasters as the top international news story of 2020.
(1) The novel coronavirus pandemic wreaks global havoc Doctors take part in a training session in Tokyo on June 12, 2020, to treat COVID-19 patients, such as how to wear and remove protective gear and carry out PCR tests for the novel coronavirus. (Kyodo) ==Kyodo
The novel coronavirus, which was first confirmed in Wuhan, central China, on Dec. 8, 2019, has wreaked
global havoc for most of 2020, with countries around the world imposing lockdowns and border restrictions in efforts to contain its spread. The World Health Organization declared
A Wisconsin health system says 500 coronavirus vaccine doses that had to be discarded after they were left unrefrigerated now appear to have been deliberately left.
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Illustrative: An Orthodox Jewish man walks past Parcare s health care facility, December 27, 2020, in the Willamsburg section of Brooklyn in New York. (AP Photo/Kathy Willens)
JTA When David first saw the advertisement on his local Long Island community Whatsapp group inviting people like him and his wife, both over 65, to sign up to get the COVID-19 vaccine, he was skeptical. The ad linked to a nondescript Google form that asked him to answer a few questions and submit insurance information.
“At this point I got suspicious. Is this an attempt to steal my identity? A scam?” he said in an email sharing his experience with the Jewish Telegraphic Agency.
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A worker places boxes containing the Pfizer-BioNTech COVID-19 vaccine on a truck to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Portage, Mich., Sunday, Dec. 13, 2020. (AP Photo/Morry Gash, Pool)
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The temperature on a freezer reads -69 degrees Celsius as workers move boxes containing the Pfizer-BioNTech COVID-19 vaccine to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Portage, Mich., Sunday, Dec. 13, 2020. (AP Photo/Morry Gash, Pool)
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Boxes containing the Pfizer-BioNTech COVID-19 vaccine are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Portage, Mich., Sunday, Dec. 13, 2020. (AP Photo/Morry Gash, Pool)