Long-Term Unemployment Has Quadrupled, and That’s a Problem for the Economy
The long-term unemployed now account for 42 percent of all unemployed workers, up from 19 percent before the pandemic.
Read MoreHere’s How Raising the Minimum Wage Would Affect Everything from Household Incomes to the National Debt
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
Read MoreNew Projections for Unemployment, GDP, Inflation and Interest Rates
The economic recovery is expected to continue and GDP will return to its pre-pandemic level by the middle of this year, according to the latest data from the CBO.
Read MoreThe Coronavirus Pandemic Continues to Cause Record Claims for Unemployment Insurance
Since March 15, more than 65 million claims for regular unemployment insurance have been filed due to COVID-19.
Read MoreUntil COVID-19 Is Under Control, Economic Damage Will Linger, Experts Say
A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.
Read MoreHow Did the Fiscal Response to the Coronavirus Help the Economy?
Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.
Read MoreWhat Are Federal Reserve Lending Facilities? How Will They Support the Economy during the Pandemic?
The Federal Reserve’s lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.
Read MoreIMF Releases Most Pessimistic Economic Projections for the United States to Date
The IMF estimates that real GDP in the United States will fall by 8 percent in 2020, according to the latest update to their World Economic Outlook report.
Read MoreReal GDP Falls a Record-Breaking 32.9% in Second Quarter
New economic growth statistics confirm that the American economy continues to suffer historic damage during the coronavirus pandemic.
Read MoreSee How the Coronavirus Has Impacted 10-Year Projections for GDP and More
It’s going to take at least a decade for the labor market to recover from the coronavirus pandemic, according to the latest data from the CBO.
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