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In light of the Coronavirus (COVID-19) outbreak, we've been doing a ton of research. We've compiled the best resources we've found in the hopes that they are helpful for you, as well.


 

38.6 million have filed for unemployment during the pandemic—greater than the combined population of 21 states
Fortune, May 21, 2020 


Another 2.4 million initial unemployment claims were filed last week, marking the ninth straight week with jobless claims topping at least 2 million. Since mid-March more than 38.6 million Americans have filed unemployment claims, according to the U.S. Department of Labor—a figure greater than the total population of the country's 21 smallest states.” Read More 

 

Applying for unemployment benefits for the first time? Here are 7 things you need to know.
The Chicago Tribune, May 13th, 2020 


“Millions of Americans are learning a new skill this spring — how to file for unemployment insurance. The coronavirus pandemic has resulted in job losses, both temporary and permanent. Nationally, the U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression.” Read More 

 

Massive House Bill Includes New & Improved Stimulus Checks, Expanded Jobless Benefits And Tax Relief
Forbes, May 12th, 2020 


“After weeks of will they or won't they, they did: House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known as the Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act.” Read More 

 

Why the stock market is up even with historic job losses 
CNBC, May 8th, 2020


 A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the economic toll — to say nothing of the emotional toll — on millions of people across the country without a job. Read More

 

Gov. J.B. Pritzker lays out five-phase, regional plan for reopening Illinois
The Chicago Tribune, May 6th, 2020    


For weeks, Gov. J.B. Pritzker has been under mounting pressure to reopen the state he shut down in an effort to curb the spread of the new coronavirus, insisting all along he would be guided only by science and data in lifting restriction. Read More

 

Stimulus Payment Round 2: A Rundown Of The 3 Current Stimulus Proposals
Forbes, April 21, 2020 


“The CARES Act provided a lifeline for individuals and small businesses. But it’s clear that many people are still struggling with the extended economic shutdown. To recap, the CARES Act provided a one-time stimulus payment of $1,200 ($2,400 for married couples), an additional $600 per week of unemployment benefits for up to 13 weeks, a small business loan program, and other financial relief. But members of Congress are aware that many people are still struggling and may need additional financial assistance.Read More 

 

U.S. Jobless Claims Top 5.2 Million, Erasing Decade of Job Gains
Bloomberg, April 16, 2020 


“More than 5 million Americans filed for unemployment benefits last week, bringing the total in the month since the coronavirus pandemic throttled the U.S. economy to 22 million and effectively erasing a decade worth of job creation.” Read More 

 

‘Nowhere to Hide’ as Unemployment Permeates the Economy
The New York Times, April 16, 2020 


“Even as political leaders wrangle over how and when to restart the American economy, the coronavirus pandemic’s devastation became more evident Thursday with more than 5.2 million workers added to the tally of the unemployed.” Read More  

 

Trump And WHO: How Much Does The U.S. Give? What's The Impact Of A Halt In Funding?
NPR, April 15, 2020 


“President Trump says he's halting U.S. funding for the World Health Organization for 60 to 90 days as his administration reviews the group's handling of the coronavirus pandemic. Read More 

 

DOL Continues to Clarify Scope of CARES Act Unemployment Benefits
SHRM, April 15, 2020


“As jobless claims reach record highs, states now have more guidance on how to roll out the emergency unemployment benefits provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act.” Read More  

 

Why This Recession Will Be Different (and How to Keep It Mild)
Politico, April 13, 2020 


“The new threat of Covid-19 has thrust new cadres of experts into the public eye, mostly from the health world. Now that we’re heading into a sharp and sudden economic downturn, with ballooning unemployment and a stock market down almost 20 percent, attention is turning to a new kind of expert: recession whizzes.” Read More 

 

Small Businesses Wait for Cash as Disaster Loan Program Unravels
The New York Times, April 9, 2020 


“Flooded by requests for help like never before, a federal disaster loan program that was supposed to deliver emergency relief to small businesses in just three days has run low on funding and nearly frozen up entirely. Now, business owners who applied are desperate for cash and answers about what aid, if any, they are going to receive.” Read More 

 

How to restart national economies during the coronavirus crisis
Mckinsey & Company, April 2020 


Around the world, life as we know it has changed drastically. Global leaders and millions of citizens are facing the challenge of a lifetime. The COVID-19 pandemic is threatening not only healthcare systems, but also the livelihoods of citizens and the stability of economies. Read More

 

F.A.Q. on Coronavirus Relief for Small Businesses, Freelancers and More
The New York Times, April 13, 2020 


" The federal stimulus bills enacted last month, including a bipartisan $2 trillion economic relief plan, offer help for the millions of American small businesses affected by the coronavirus pandemic.” Read More

 

Inc.'s Essential Business Survival Guide for the Covid-19 Crisis
Inc. April 11, 2020 


“Here's a brief guide to business continuity to help you steer your company through today's uncharted territory. You'll find tips and advice on planning for a range of operational contingencies, including people, facilities, vendors, and systems, such as technology.” Read More

 

How the biggest companies in the world are preparing to bring back their workforce
CNBC, April 9, 2020 


“At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work. That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce to offices around the globe.” Read More

 

When will your SBA loan be approved? Here’s why the process is moving so slowly
Fortune, April 8, 2020 


“Those like Anne Bader-Martin were up early on Friday to apply for the Small Business Administration's Paycheck Protection Program loan at her bank. Bader-Martin, the founder and executive director of One Can Help, a Massachusetts-based nonprofit providing resources to children and families in the juvenile court system, went to apply for a $19,000 loan from Bank of America (the nonprofit's longtime bank) on Friday morning once its PPP loan portal opened.” Read More

 

The Evidence Mounts That the Global Recession Is Already Here
Bloomberg, April 7, 2020 


“The evidence is mounting that March marked the start of a global recession. And according to the World Trade Organization, that might be the optimistic scenario. The breadth of the collapse is beginning to appear in the initial trickle of economic data across the world, revealing a cratering of trade, reined-in business investment, cowering consumers and surging unemployment that’s sparing few industries.” Read More

 

How Will We Know When It’s Time to Reopen the Nation?
The New York Times, April 6, 2020 


“The American economy is facing a plunge into uncharted waters. Economists say there is little doubt that the nation is headed into a recession because of the coronavirus pandemic, with businesses shutting down and Americans being shut in. But it is harder to foresee the bottom and how long it will take to climb back.” Read More

The COVID-19 Recession
SHRM, April 4, 2020 


“Unemployment claims skyrocketed to an unprecedented 6.6 million earlier this week, double the previous record hit just last week amid the idling of auto and steel plants, the collapse of the hospitality sector, and massive layoffs in nearly every industry. In another first last month, the U.S. government passed a $2.2 trillion emergency stimulus package—the largest in history—in an attempt to limit the devastating economic effects of the COVID-19 pandemic.” Read More

 

A COVID-19 recession could shrink the paychecks of the Class of 2020 for years
Fast Company, April 1, 2020 


Before the coronavirus pandemic forced businesses and schools to close, high school and college graduates from the Class of 2020 could have expected to graduate into the strongest job market in 50 years. Now, due to massive economic fallout, the Class of 2020 is at risk of graduating into a recession.” Read More


 

Why the Global Recession Could Last a Long Time
The New York Times, April 1, 2020 


“The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic. Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared — potentially enduring into next year, and even beyond — as governments intensify restrictions on business to halt the spread of the pandemic, and as fear of the virus reconfigures the very concept of public space, impeding consumer-led economic growth.” Read More

 

 

How Small Businesses Can Get Coronavirus Relief Through The CARES Act
Forbes, April 2, 2020


Segments of the U.S. economy have nearly come to a halt in recent weeks as government officials have issued stay-at-home orders to minimize the spread of the coronavirus. While meant to protect Americans’ health, these directives have crippled many small businesses. Companies have also laid off workers, leading to record unemployment claims. Read More

 

US unemployment report is much worse than economists predicted
CNN Business, April 2, 2020 


The last three weeks have marked one of the most devastating periods in history for the American job market, as first-time claims for unemployment benefits have surged more than 3,000% since early March.Businesses continue to lay off and furlough workers amid the coronavirus outbreak. Read More

 

 A Detailed Plan for Getting Americans Back to Work
Harvard Business Review, April 1, 2020 


Millions of Americans — especially those who have been most impoverished by the forced shutdown due to the Covid-19 pandemic — want to return to work. But with the Trump administration now urging Americans to stay at home until May 1 and the likelihood that a vaccine against the disease won’t be widely available for 12 to 18 months, how can we safely make that happen? Read More

 

The Class of 2020 Was Headed Into a Hot Job Market. Then Coronavirus Hit.
Wall Street Journal, March 29, 2020   


Marie Chailosky is graduating this spring from Ohio University with a bachelor’s degree in journalism. She had plans to intern this summer in Nashville at Warner Music Group Corp.’s radio streaming department. Thursday, that offer evaporated. Read More

 

Your Guide To The Federal Stimulus Package
Forbes, March 27, 2020 


COVID-19 continues to wreak havoc on the world’s peoples and economies. In the United States, as businesses shut down or pare back, millions of workers have already been laid off, leaving many to wonder how they’ll pay their bills. Read More 

 

Here's What Is In The 'Families First' Coronavirus Aid Package Trump Approved
NPR, March 19, 2020 


President Trump signed a second Coronavirus emergency aid package into law Wednesday evening, after it passed with overwhelming support from the Senate. The legislation follows a first emergency funding bill, which allocated roughly $8 billion for Coronavirus prevention, preparation and response efforts. Read More

 

Coronavirus: A visual guide to the economic impact
BBC, March 28, 2020 


"The coronavirus outbreak, which originated in China, has infected more than 550,000 people. Its spread has left businesses around the world counting costs. Here is a selection of maps and charts to help you understand the economic impact of the virus so far." Read More

 

Understanding the Economic Shock of Coronavirus
Harvard Business Review, March 27, 2020


“As the coronavirus continues its march around the world, governments have turned to proven public health measures, such as social distancing, to physically disrupt the contagion. Yet, doing so has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession. Economic contagion is now spreading as fast as the disease itself.” Read More


Jobless claims soar past 3 million to record high
CNBC, March 26, 2020


"Americans displaced by the coronavirus crisis filed unemployment claims in record numbers last week, with the Labor Department reporting Thursday a surge to 3.28 million. The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. The previous week, which reflected the period before the worst of the coronavirus hit, was 282,000, which was higher than expected at the time." Read More

Coronavirus Recession Looms, Its Course ‘Unrecognizable’
The New York Times, March 21, 2020 


“The American economy is facing a plunge into uncharted waters.Economists say there is little doubt that the nation is headed into a recession because of the coronavirus pandemic, with businesses shutting down and Americans being shut in. But it is harder to foresee the bottom and how long it will take to climb back.” Read More

What is the difference between a furlough, a layoff and a reduction in force?
SHRM, 2020


"All three of these terms describe actions that are intended to achieve cost savings by reducing a company's payroll costs. Even though the words have been used interchangeably, their true meanings are quite different." Read More

 

Beyond coronavirus: The path to the next normal
McKinsey & Company, March 2020


"The coronavirus is not only a health crisis of immense proportion—it’s also an imminent restructuring of the global economic order. Here’s how leaders can begin navigating to what’s next." Read More

 

Two economic scenarios for the impact of coronavirus on the US
CNN Business, March 10, 2020


"As the coronavirus spreads, stock prices have been in free fall. Since its peak in February, the S&P 500 has plunged by 17%. Oil prices are plummeting, too. For sure, the performance of the financial markets isn't necessarily an accurate indicator of the overall performance and health of the real economy. But, the kind of descent the US market has suffered can create spillover that inflicts long-lasting economic damage. Are markets overreacting, or is the US economy on the verge of taking a major hit?" Read More 

 

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