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Editorial
In the USA, job vacancy postings are now 21% above their level in January 2020. The employment rate for well-off workers (on the equivalent of £43,000 a year or more) is now only 2% down on January 2020. The Dow Jones share-price index continues to rise, as it has done since a drastic fall bottomed out in late March 2020. According to Google Mobility reports, US workplace traffic is still down by 28% (more than Germany’s 22%), as many still work from home. But retail traffic is down only 8% on the pre-Covid baseline. The New York Times estimates that businesses are now “mostly open” (though. 04 May 2021