Economics
U.S. Economic Rebound Is Patchwork of Virus Risk and Rules
- Stricter lockdowns push unemployment higher in some places
- But impact on controlling Covid-19 cases remains unclear
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The U.S. economy has splintered along state and city lines, with the speed of the rebound largely dependent on the magnitude of local business restrictions to combat an unending surge in Covid-19 cases.
California and Illinois, where some of the strictest measures have been imposed, saw jumps in state unemployment filings this month that helped push the weekly U.S. total to a three-month high. Both states also had November unemployment rates above the national level of 6.7%.