Health concerns still take precedence over economic worry by a wide margin for Americans in their views on when to re-open the country, according to a CBS survey. Sixty-three percent are more concerned about lifting restrictions too fast than lifting restrictions too slowly.
Ugly numbers portend especially poorly for retail and hospitality sectors:
- Only 13% would be comfortable going to a large sports or entertainment event.
- Only 15% would be comfortable getting on an airplane.
- 29% would be comfortable going to restaurants or bars.
Backdrop: About 4.4 million Americans sought unemployment benefits last week, though the rapid pace of layoffs appeared to be easing. That brought the five-week total to more than 26 million, which would suggest an unemployment rate between 10% to 15%, CNBC noted. Monetary and fiscal stimulus can only help so much.