Can job market sustain its gains? Uncertainties cloud future
June 14, 2020
WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U.S. job market.
Or is it?
So many uncertainties are overhanging the economy that no one knows whether hiring will expand steadily in the months ahead or merely plateau as employers recall only enough of their laid-off staffers to partially reopen for business.
The most dangerous risk is that the coronavirus will roar back with renewed intensity, forcing millions of businesses to shut down again and resume deep job cuts.
The outlook is so...