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Tag Archives: Economic recovery USA

Goldman Says Almost a Quarter of Temporary Virus Layoffs in U.S. to Be Permanent

People wait in line for help with unemployment benefits

BLOOMBERG, AUGUST 22, 2020 Joblessness to linger well into 2021 for many, economist says | Rehiring prospects for temporarily laid off worsened in July By Reade Pickert for Bloomberg – The rehiring of temporarily laid-off workers will continue to bolster the U.S. labor market’s recovery in the months ahead, but Goldman Sachs Group Inc. expects almost a quarter of those layoffs to become permanent. …

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Florida Economy Takes $23 Billion COVID Hit From Empty Cruise Ships, Ports

Port Miami

PortandTerminal.com, August 11, 2020 “There is no American COVID-19 economic recovery without strong American ports” MIAMI – Tourism, which has long been one of the key drivers of Florida’s economy, has taken a massive hit during the coronavirus pandemic. As PortandTerminal.com has reported frequently over the past months, the cruise industry has been hit particularly hard. The Florida Ports Council …

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When the U.S. sneezes, the world catches a cold. What happens when it has severe COVID-19?

American flag. Empty beach. Water. Umbrellas.

REUTERS, JULY 20, 2020 America’s troubled response to the coronavirus pandemic emerges as a chief risk to any sustained global recovery. WASHINGTON (Reuters) – During a blue-sky moment in 2018 near the end of a decade-long economic expansion, it was the United States that helped pull the world along as the extra cash from tax cuts and government spending flowed …

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White House sees red state/blue state divide in post-coronavirus recovery

REUTERS, JUNE 12, 2020 Your money or your life? States that reopen quickly will bounce back faster economically but at the cost of more COVID-19 deaths. WASHINGTON – A top White House economic adviser on Friday predicted an “increasing divergence” between states controlled by Republican governors and those led by Democrats, saying Republican “red” states opening up faster will see …

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