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Updated: 1 hour 7 min ago
The US economy and labor market, still far from fully recovered, are now bracing for a terrible, virus-spreading winter. It is hard to feel optimistic, but help is on the way. A strong recovery in the second half of 2021 may lead the unemployment rate to return to its natural rate of about 4.2 to 4.5% in 2022.
A powerful storm that left over 700,000 customers across the Pacific Northwest without power and propelled several cities in the region to their wettest start to any year on record is gaining steam as it pushes eastward. Parts of at least a dozen states and nearly 30 million Americans are under a combination of wind and winter weather alerts.