As the United States continues its gradual reopening, on Monday more than a dozen states began easing restrictions that had shuttered nonessential businesses and brought daily lives to a screeching halt for the better part of two months as a critical tradeoff to reduce the impact of the coronavirus.
Fox News has identified a total of 48 states that have now begun a partial reopening process. These states have said data shows they have “flattened the curve” of infections enough to phase in their economies under new health guidelines and restrictions to protect citizens from the virus that causes COVID-19.
The U.S. has recorded at least 1,491,547 confirmed coronavirus cases and at least 89,666 deaths, according to statistics gathered by Johns Hopkins University.
Chairman of the Federal Reserve Jerome Powell warned Sunday that unemployment in the U.S. could peak between 25 and 30 percent before the end of the June as the economic fallout of the coronavirus pandemic worsens.
In April, the unemployment rate stood at 14.7 percent. In an interview with CBS’ “60 minutes" Sunday, Powell said he does not predict a “second Great Depression” because the American economy has been impacted by an external factor – the coronavirus – instead of failure within its own financial system.