Crypto Long & Short: Bitcoin’s Quiet Progress Is Pointing Toward a Better Future

The numbers are encouraging, indicating that certain sectors such as hospitality, construction, retail, education and healthcare are bringing back some of the workers that were let go in March. Some areas are still cutting back, however, and the lack of demand is likely to put a cap on economic growth through consumption and investment, even as lockdowns start to ease. What’s more, the numbers do not necessarily mean that new jobs are being created – they are more likely a reflection of furloughed workers getting back to some sort of work, even if not full-time. And let’s not forget that the unemployment rate is still significantly higher than at the lows of the 2008-9 recession.