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The New York Fed said each additional week a service business is closed cuts its chance of reopening by 2 percentage points.
Many businesses are pumping money into much-needed improvements, and that spending is rippling through the economy.
It may take years for much of the world to match the U.S. and China, where bigger vaccine rollouts have sped up economic recovery.
As the pandemic retreats, Americans who can afford to spend on things they’ve been deprived of may start spending.
Looking past the pandemic, comfort and color may be on the horizon.
Quentin Messer Jr., head of the New Orleans Business Alliance, says the city’s spirit is alive, but there’s a sense of loss too.
A new study provides more evidence that mothers are particularly penalized in the workplace.
Further investment in fossil fuels, even for a pandemic recovery, could have devastating human costs, the study says.
Even if the numbers return to where they once were, the economy is probably going to look very different.
With so many people staying home in their slippers, shoe sales have fallen dramatically. You can see that play out in neighborhoods.