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United States. COVID-19, short for the coronavirus disease 2019, has spread to almost every country and territory around the world, infecting millions of people and severely impacting the...
- Small business revenue is down 20 percent since January. The COVID-19 pandemic has been particularly damaging for small businesses, which represent the majority of businesses in the United States and employ nearly half of all private sector workers (Bartik, Bertrand, Cullen, et al.
- So far, only Chapter 11 bankruptcies have increased relative to last year. The decline in business revenue has caused many firms to become insolvent.
- New business formations fell off in the spring, but are on track to outpace recent years. At the same time that business closures spiked in the spring, business formations lagged behind pre-crisis levels in the early months of the pandemic.
- Layoffs and shutdowns—and not reduced average hours—are driving in total hours worked. The labor market devastation caused by this pandemic has been the quickest and most severe in recent U.S. history.
Jun 7, 2022 · The recession induced by the coronavirus disease 2019 (COVID-19) pandemic resulted in steep job losses, pushed the unemployment rate to a high of 13.0 percent in the second quarter of 2020, and caused many people to leave the labor force. 1 By the end of 2021, even after substantial strides were made in combating the COVID-19 pandemic, the ...
Mar 2, 2023 · Just 20% of the public views the coronavirus as a major threat to the health of the U.S. population and only 10% are very concerned about getting a serious case themselves. In addition, a relatively small share of U.S. adults (28%) say they’ve received an updated COVID-19 vaccine since last fall.
United States. Follow. The COVID-19 pandemic has caused the biggest blow to the US economy since the Great Depression. GDP fell at a 32.9% annualized rate, the deepest decline since records began back in 1947. 30.2 million Americans were receiving unemployment checks in the week ending July 11.
Ten Facts about COVID-19 and the U.S. Economy Lauren Bauer, Kristen Broady, Wendy Edelberg, and Jimmy O’Donnell Introduction The coronavirus 2019 disease (COVID-19) pandemic has
Mar 17, 2021 · The United States recorded more than 1.9 million new infections in July, nearly 42 percent of the more than 4.5 million cases reported nationwide since the pandemic began and more than double the ...
