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The US Labor Market Can Heal Quickly, the European, Less So

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The US Labor Market Can Heal Quickly, the European, Less So
People wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas, Nev., on March 17, 2020. John Locher/AP Photo
Daniel Lacalle
Updated:
Commentary

The jobless claims figures of the past two weeks have been unprecedented and alarming. However, knowing that the data will continue to be concerning, we need to analyze how quickly the economy can can heal and go back to the previous path of record job creation.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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