Path of Coronavirus Will Determine Employment Picture, Says KPMG's Hunter

The video discusses the US labor market's challenges due to the pandemic, focusing on unemployment benefits and their potential impact on GDP. It highlights the fiscal strain on state budgets due to reduced tax revenues and the need for federal aid. The discussion also covers the effect of rising COVID-19 cases on treasury yields and economic indicators. Finally, it examines the Federal Reserve's monetary response and its global implications.

How does the path of the virus affect the labor market and economic recovery?

What are the indicators mentioned that show the current state of the virus in the US?

What role does the Federal Reserve play in the current economic situation according to the text?