How U.S. Decision Could Hurt Hong Kong as Trading Hub

The unemployment drama playing out in the U.S. has drawn comparisons to the Great Depression, the worst economic downturn in the history of the industrialized world.

But is the comparison fair?

Yes and no, according to labor economists.

On one hand, the country may soon achieve Depression-era levels of joblessness due to the coronavirus pandemic. By some metrics, we may already be close.

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