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Unemployment and the economy are moving in the right direction as COVID-19 vaccines continue to abate the coroanvirus destruction.
For instance, new jobless claims in the U.S. were at the lowest point last week at 730,000 since the pandemic recession began in early April last year.
But bubbling underneath the positive developments is a slow-moving economic disaster leaving hundreds of thousands of metro Detroiters behind a K-shaped recovery.
The region began 2020 with 2.1 million private sector jobs, but closed out the year with only 1.9 million jobs, a 10 percent decrease. And the longer the pandemic continues, the more likely it is that jobs and industries impacted by the coronavirus will see longer-term impact, according to the Detroit Regional Chamber s State of the Region report released Thursday.