Economic damage in US from year-end Covid surge becomes clear

Washington (AFP) – The nationwide surge in Covid-19 infections took its toll on the United States in the final weeks of 2020, stalling rehiring and heightening fears of a renewed malaise in the world’s largest economy even as vaccine coverage increases. Labor Department data released Thursday showed 787,000 people, seasonally adjusted, filed new applications for unemployment benefits in the last week of the year, barely changed from the week prior and nowhere near the record-low unemployment seen before Covid-19 broke out in the country in March. The Institute for Supply Management (ISM) repor…

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