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COVID-19 vs. Great Depression, why the two were the result of completely different economic factors -

COVID-19 vs. Great Depression, why the two were the result of completely different economic factors –

SAN DIEGO (KUSI) – A report unveiled Thursday by the San Diego Workforce Partnership approximated that additional than 67,379 workforce have been influenced by COVID-19, additional than 35,000 of whom work in the hospitality and cafe industries. Previous week, 318,064 Californians filed unemployment statements — virtually the identical sum as submitted the former week, and 2.8 situations the pre-COVID-19 weekly record, bringing overall filings to 4 million in excess of the very last 6 weeks. By comparison, the 79 months…

Depression-era hardship will result from coronavirus, economist says | Coronavirus COVID-19 Watch

Depression-era hardship will result from coronavirus, economist says | Coronavirus COVID-19 Watch

Alabama Gov. Kay Ivey’s purchase final 7 days shutting down specific “non-essential” companies in order to battle the novel coronavirus impacts tens of 1000’s of staff, in accordance to the condition Department of Labor. But that is only the tip of the iceberg, according to independent economists. When the effects of the shuttered firms together with other economic fallout consider keep, it could inflict the worst harm in many years. Keivan Deravi, a former Auburn College at Montgomery economist who…