Covid-19 Pandemic
 Here’s the latest news: It’s Covid code red in Latin AmericaEconomists have big miss in jobs-report shockerCalifornia says film production can resume The big jobs surprise May was supposed to have been horrible for workers because of layoffs tied to the coronavirus. Instead, hiring boomed and the unemployment rate dropped. What happened? The simple answer is, a large part of America got back to business. After lockdowns to slow the spread of Covid-19 caused most U.S. businesses to close or slow to a crawl during March and April, many states let industries like construction and manufacturing begin to return last month. Though infections are continuing to surge in many areas, governors from Georgia to Texas to New York are turning attention toward reviving the economy. President Donald Trump is focused almost entirely on reopening, and his coronavirus task force has largely receded from view.  After many dentists were forced to close by coronavirus lockdowns, many hygienists and other dental workers are returning to their jobs in the U.S. Photographer: Matthew Staver/Bloomberg Tucked below the headline numbers, however, are reminders of how the pandemic has left a deep and likely lasting impact on U.S. For one, though the health industry saw a surge in employment, the gains came almost entirely from dental offices, which accounted for 245,000 of the 312,000 payroll additions. Hospitals and nursing homes, which have been looking after the sickest Covid-19 patients to the exclusion of almost all their other normal business, continued to let workers go. The virus has also seemed to reinforce some longstanding inequities. While unemployment rates declines for white and Hispanic Americans, the jobless rate for African Americans rose to 16.8%, the highest since 1984. The number is a reminder of the forces driving many Americans into the streets to protest the death of George Floyd at the hands of police — even at the risk that they might contract the coronavirus in doing so. For all of that, there is no question that having more people returning to the workforce is a good thing. It’s just not easy to know, in terms of the effects of Covid-19 on the economy, whether it’s the beginning of the end, or the end of the beginning.–Tim Annett Listen up Latest Podcast: Madrid’s Bittersweet Spring Madrid was one of Europe’s hardest hit cities by the coronavirus. As it comes back to life we talk to the owners of some of the hundreds of bars, restaurants, and hotels that dot the city to see how it’s going.  Photographer: Patricia Suzara What you should read My Family’s Deaths Show Mexico Wasn’t Ready I watched a relative die in pain because basic medicines were missing. Signs of Virus Trouble Are Returning in Mideast Saudi Arabia’s ICUs fill up; cases rising in Israel, Egypt, Iran after loosening. Rage Against Sanchez Is Tearing Spain Apart The lockdown has riled up the prime minister’s opponents. Mask or No Mask? And Which Kind? Authorities around the world have been saying different things. Singapore Opposition Seeks Covid Review Opposition says government has left people confused. Know someone else who would like this newsletter? Have them sign up here. Have any questions, concerns, or news tips on Covid-19 news? Get in touch or help us cover the story. Like this newsletter? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Follow Us Get the newsletter You received this message because you are subscribed to Bloomberg’s Coronavirus Daily newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022 |
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