In this clip fom Marc Bautis‘ interview with Jen Selverian about the latest unemployment report (July 2020), Marc discusses the current state of the United States.
Even though 10 million people are unemployed, we’re not in that bad of a state — especially when you consider what’s happened with the economy shut-down following the COVID-19 pandemic. There are a couple of reasons why:
- Monetary policy.
- The CAREs Act Stimulus Package.
The stimulus packages were most significant, because there was money being pumped into the economy through stimulus checks, there was a federal unemployment insurance and there were different loans and payroll relief offered to employers — a lot of which helped business owners keep their head above water and help consumers pay their bills.
Get instructions on how to enable our Flash News Briefing skill to your Amazon devices: