The Shutdown Crash Arrives

Americans have been understandably focused on the human toll of Covid-19, but the damage from the national economic shutdown that governments are imposing to combat the coronavirus will compound the agony. We don’t mean in stock-market points or profits. We mean in the human cost of lost jobs and paychecks, ruined businesses, and the psychological toll on Americans who can least afford it.

If that sounds melodramatic, take a spin through Friday’s March jobs report from the Bureau of Labor Statistics. There’s no redeeming…

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