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The nature of the economic crisis resulting from the pandemic means we know little about how to deal with its aftermath.
Historically marginalized workers are overrepresented among public employees, and many could be laid off.
Many states don’t have the luxury of borrowing to get through the crisis. Without more federal aid, they have few options
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.
The 200-year-old company has been hit hard by the pandemic. But suit sales have been on the decline for years.
Tax revenue is down, expenditures are up and the future’s uncertain.
Some borrow less because they’re optimistic, some because they’re pessimistic and some because they’re cautious.
If Congress doesn’t act, Federal Pandemic Unemployment Compensation is set to expire on July 31.
That means fewer jobs and more debt. And the U.S. may be in for even worse.
Weekly jobless claims have leveled off at well above 1 million, as new layoffs offset people called back to work.