The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how and where jobs might recover.
Video/Illustration: Jaden Urbi/WSJ
A selection of three essential articles read aloud from the latest issue of The Economist. This week,
Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming up with new shapes to describe the potential recovery. WSJ explains.

The consensus among economists is that the U.S. recovery will most likely be something in between a V and a W — a sharp drop, a relatively small bounce back, and then a long period of slow growth.

