Once beset by a flood of complaints, balky computer systems, changed rules and frantic calls to the Treasury Department, the federal government’s small-business Paycheck Protection Program is suddenly looking like a measured success.
The U.S. economy buckled in March and April amid the coronavirus pandemic, but it appeared to regain some of its footing in May, adding 2.5 million jobs. The economy remains extremely weak, with a high unemployment rate and a surge in Americans seeking assistance. Many economists say conditions will remain shaky for at least another year.
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