President Trump highlighted the cautious reemergence of American manufacturers in the midst of the coronavirus pandemic. (Source: KDKA, CNN, POOL: WSVN, Federal Reserve via CNN Wire)
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The worst could be over for the United States economy in about a month, according to a top adviser to President Trump. But the worst is going to be ugly.
For the ninth week in a row, millions of Americans filed for initial unemployment benefits. Even as the economy is beginning to reopen in parts of the country, layoffs and furloughs have taken hold of the US labor market.