Wall Street Beat: A dark winter and another tough year

JPMorgan’s David Kelly, chief strategist at the bank’s asset-management unit, doesn’t expect payroll employment to recover all of its losses until 2022. He doesn’t see unemployment reaching the Fed’s long-run expectation of 4.1% until 2023 at the earliest, according to a note to clients this week.

from Markets-Economic Times https://ift.tt/3kuLAoN
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