Top Ten: Weekend reads: The unemployment undercount
Also, a new coronavirus recovery tracking tool, a small-business success and the case for investing in gold
On Friday, the Bureau of Labor Statistics said the U.S. unemployment rate for April had risen to 14.7%, its highest level since the Great Depression, with 20.5 million jobs lost during the month.
New unemployment claims continue to increase by millions each week, but even those numbers are underreported by millions, as Jeffry Bartash explains.
Coronavirus recovery tracker
Here’s a new tool showing various aspects of economic fallout and recovery from the COVID-19 outbreak in the U.S.
More on the re-opening:
An update on IRS stimulus payments
A new business thrives despite the pandemic
Sonny Sultani started a digital marketing business in February, was diagnosed with COVID-19 in April, and has still been able to make his new company a success.
The case for gold
With interest rates low even before the Federal Reserve’s extraordinary actions to bring them much lower this year, stocks with attractive dividend yields have been very important to income-seeking investors. But a severe recession means a good number of companies are being forced to cut dividends, which can lead to painful declines for their stocks.
More investing ideas:
Why are used car prices so high?
With reports of sliding wholesale prices for used cars, you might expect to find a bargain. Here’s why the price declines haven’t been passed by dealers to consumers.
People tell more of their pandemic experiences
Here are new stories in MarketWatch’s dispatches from a pandemic series:
• Disabled workers describe employers’ new flexibility when addressing their need to work at home.
• A resident of Rome shares observations of the city’s reopening.
• Spain begins a rocky reopening as people find it difficult to obey social-distancing rules.
• Olivia Downes, a student at Oxford, describes her quarantine experience while also undergoing chemotherapy.
Don’t forget Mother’s Day
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