We knew that unemployment report was coming, but it still hurt
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Today we dive into how furloughs are counted, what this means for people trying to make rent and what the "diffusion index" can tell us.
Segments From this episode
We've got answers to some common questions about rent payments, eviction moratoriums and rent strikes.
Unemployment is higher than it's been since the Great Depression. Economists estimate that more than 40% of layoffs will likely be permanent.
Unlike the first round, the second round of the Paycheck Protection Program has largely favored coastal states. New York, New Jersey, California and Washington, D.C. received the most loans relative to their share of the US population.
It’s not just the depth of job losses that’s clear now. It’s also the breadth of job loss across industries.
Several major production houses have announced COVID-19-themed shows.
Many businesses remain open, but the island and its economy are not untouched by the global COVID-19 crisis.