business news in context, analysis with attitude

Breaking news from Fox Business this morning:

"Another 1.87 million Americans filed for unemployment benefits last week, but with all 50 states gradually reopening their economies, the job losses triggered by the coronavirus pandemic and the ensuing lockdown are beginning to slow … The weekly jobless claims report from the Labor Department, which covers the week ended May 30, pushes the 11-week total of losses since states directed residents to stay at home and forced nonessential businesses to roughly 42 million, a rate of unemployment unseen since the Great Depression.

"Still, the report suggests the worst is over for the labor market: It marks the ninth straight weekly decline of Americans seeking jobless benefits since claims peaked at the end of March."

KC's View:

I think that may be the very definition of a silver lining.  Maybe.  I hope.