Restaurants are reopening, the weather is turner balmier, luring people out of their homes and engaging in recreational activities, sales of bicycles are surging, consumers are snapping up outdoor gear and accessories, and traffic on highways is increasing.

Another 3 million laid-off workers filed for unemployment benefits in the latest week, bringing the cumulative total of new claims to more than 36 million since March 21.

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The economy shed a record 20.5 million workers last month and the unemployment rate soared to a post-war high of 14.7 percent.

Despite a spike in optimism in the financial markets, the drumbeat of bad news continues to reverberate throughout the economic landscape.

It took ten years of steady job growth to finally start pulling workers off the sidelines and arrest the long downturn in the labor force participation rate. That progress has been reversed in less than a month.

 The stock market just had its best week since 1974.