Trump's recession has a greater jobs deficit than at worst point of all previous postwar recessions.

Long-term unemployment is up 2.32 million since Sept – the largest 3 month increase since data was first kept in 1948. Long-term UE causes the most lasting human pain & economic harm. Another reason to focus not on debt, but bold relief & job creation to speed full employment. https://t.co/xQhNoxH7kt— Gene Sperling (@genebsperling) December 4, 2020

The jobs hole remains very, very deep. Today, the U.S. economy still has a greater jobs deficit than was the case at the very worst point of every previous postwar recession, including the Great Recession pic.twitter.com/jYH1AUqBsV

U.S. employers added 245,000 jobs in November. But that still leaves a gap of 9.8 million jobs since before the pandemic, a hole bigger than in the worst of the Great Recession. And progress is slowing. pic.twitter.com/9hdPojAjGz

— Ben Casselman (@bencasselman) December 4, 2020

US jobless claims remain high at 712,000 as virus escalateshttps://t.co/bwkFGJ6Fgw

mitch mcconnell will happily engineer a recession if it will win him and his party a few elections in 2022 https://t.co/rDsy6xgAoF

Many top economists say the US can — and should — spend more $$ right now.

They argue:
a) Economy needs stimulus
b) It's super cheap to borrow
c) US needs to make long-term investments in infrastructure, education, etc https://t.co/dCFWiwJ2pg

A lengthy global recession looms as a result of #COVID19, with no country “immune”.

But economies such as China will fare better than much of the West, according to a study by @KamiarMohaddes: https://t.co/4d6wJOsyZD@CambridgeJBS #economics

“#Nordic countries are ‘class-based’ yet fairly equal. #Taiwan and #Slovakia are closest to classless and low inequality societies,” say @MarcoRanaldi_ & @BrankoMilan #EconTwitter https://t.co/IraHPAj5cN pic.twitter.com/rGWAq2w4OO