The US economy is contracting. Jobs have been shed at a record pace during the coronavirus pandemic. Normally, a president would be blamed for the bad economy, and his economic and overall approval ratings would be declining at a rapid pace. Instead, Trump’s more than holding his own on the […] Read more »
Majority of Americans who lost a job or wages due to COVID-19 concerned states will reopen too quickly
Last week’s report on unemployment underscored the catastrophic impact the coronavirus outbreak has had on the U.S. economy. The focus in many states has now turned to reopening businesses and getting people back to work. However, most Americans – including 68% of those who have lost their jobs or taken […] Read more »
Social Distancing as a Red-Blue Divide
After nearly two months of the economy effectively being shut down, among the most bitter debates today is over when and how to reopen it. … While Democrats and liberals tend to put equity, justice, leveling the playing field, and, in this case, sacrifice for the common good at the […] Read more »
COVID Impacts Quickly Hit the Economy, American People
Households across the United States continue to face severe economic and social hardships as a consequence of the COVID-19 pandemic. Compared to late-April, results from the COVID Impact Survey’s second week of data collection (May 4-10, 2020) suggest that economic, health, and well-being measures improved little across the country. CONT. […] Read more »
Consumer sentiment steadied for the first time in two months
Consumer sentiment steadied for the first time in two months this week, a respite from its steepest fall on record in 34 years of the Bloomberg Consumer Comfort Index. At 35.8 on its 0-100 scale, the CCI is a non-significant 1.1 points off last week’s level after falling each week […] Read more »
Public says coronavirus containment still going badly in U.S.
There’s fierce debate over when to reopen the U.S. economy, and the partisan gap is opening wide. Americans feel the timeline for things to return to “normal” has been pushed back dramatically. A large majority of the public still prioritize staying home to slow the outbreak, over reopening the economy, […] Read more »