Business Description
The short answer is that there is no universally accepted definition of depression and the unemployment numbers may be a better guide to the economic and human misery inflicted by Sars-Cov-2 than GDP. The “real” jobless rate, which includes the percentage of Americans who want a job but have given up trying to find one, surged to 22.8 per cent last April. That is close to the 1930s experience.