25% Of ‘Temporarily’ Laid Off Americans Will Become Permanently Jobless, Goldman Says

25% Of ‘Temporarily’ Laid Off Americans Will Become Permanently Jobless, Goldman Says

Questions around the scope of the structural damage dealt to the US economy in March and April have haunted the rally in equities and credit, despite both having largely recouped their respective pandemic losses. 2020 has seen its share of bankruptcies, especially in retail and energy, and many fear another wave of credit events is likely in the cards. In addition, the persistence of the virus in the US (due in part to the absence of a coherent federal containment strategy), raises the specter
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