U.S. 後退,不況 ended in April 2020, making it shortest on 記録,記録的な/記録する

By Howard Schneider

WASHINGTON, July 19 (Reuters) - The U.S. 後退,不況 touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after the start of a sharp 減少(する) in 経済的な activity in March of that year, the U.S. 商売/仕事 Cycle Dating 委員会 発表するd Monday.

The 委員会, a group of macroeconomists who 割り当てる the start and end dates of U.S. 商売/仕事 cycles, said that while the country had by no means gotten 支援する to normal operating capacity at that point, 指示する人(物)s of both 職業s and 生産/産物 "point 明確に to April 2020 as the month of the 気圧の谷," with a 回復する beginning in May.

Indeed, the 再開 of growth was so 早い the 委員会 said it was only "the 前例のない magnitude of the 拒絶する/低下する" that led members to consider what happened to be a 後退,不況 in the first place, with a 下降 typically 要求するing "depth, duration and diffusion" to qualify for the label.

Around 22 million 職業s disappeared from company payrolls in March and April of that year, an event that 誘発するd 関心 about a new 不景気 and led 議会 and the White House to 認可する the first of several 大規模な 救済 一括s to keep 会社/堅いs and 世帯s afloat.

The 任命 of the 後退,不況's end date is of historical 公式文書,認める, but also 関連した to 研究 on the dynamics of 商売/仕事 cycles and, in this 事例/患者, into how that historic 政策 返答 played out.

The 告示 makes the pandemic 後退,不況 by far the shortest on 記録,記録的な/記録する, at two months only a third as long as the six-month 下降 at the start of 1980, and a fourth as long as the 後退,不況 that followed the 崩壊(する) of the tech 泡 in 2001.

That alone may 料金d arguments in 好意 of the "cash-first" approach 会計の policymakers have taken to fighting this pandemic through repeated 世帯 support 支払い(額)s, 拡大するd 失業 利益s, and 自由主義の 財政/金融ing for small 商売/仕事s.

It also 最高潮の場面s the stil l open 審議 over how 急速な/放蕩な the U.S. economy will get 支援する to normal, and what that will mean. 手段d by 生産(高), the country may already have 回復するd; 手段d by 雇用, it is still far short, with the biggest 経済的な scars 脅すing lower 行う and いっそう少なく educated 労働者s.

まっただ中に what became a 意見の不一致を生じる 国家の conversation over masks and lockdowns, some 2.8 million people were brought 支援する to work in May of 2020, and over the next year about 15 million 職業s were 回復するd. More than 7 million 職業s remain lost.

雇用 "reached a (疑いを)晴らす 気圧の谷 in April before 回復するing 堅固に the next few months and then settling into a more 漸進的な rise," with incomes rising 同様に, the 委員会 said in a 声明 解放(する)d through the 国家の Bureau of 経済的な 研究.

With coronavirus 感染s again 増加するing and a 国家の immunization 運動 立ち往生させるd with いっそう少なく than 60% of the 適格の 全住民 vaccinated, 恐れるs of a new 減産/沈滞 have 増加するd.

The S&P 500 and the Dow Jones 産業の 普通の/平均(する) were both 負かす/撃墜する more than 2% by midday, and U.S. 10-year 財務省 産する/生じるs fell to a 5-month low.

(報告(する)/憶測ing by Howard Schneider Editing by Nick Zieminski)

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