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COVID Economy: Some Improvements, But a Long Way to Go (VIDEO)


March 11, 2021
Spending has now far outpaced relief efforts after the Great Recession, but it s unclear if the hardest-hit Americans will recover any time soon.
SHOW TRANSCRIPT
The COVID-19 pandemic put millions of Americans through the wringer. We’ve seen improvements from our low points, but there’s still a long way to go. 
Here are some numbers: Unemployment currently sits at 6.2%. That’s less than half of the pandemic peak of 14.7%. But the latest monthly jobs report shows we’re still down 9.5 million jobs from pre-pandemic times. It also shows an additional 4.2 million people were “prevented” from looking for work due to the virus.  ....

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U.S. Government Has Now Spent Over $5 Trillion On The Pandemic


U.S. Government Has Now Spent Over $5 Trillion On The Pandemic
Spending has now far outpaced relief efforts after the Great Recession, but it s unclear if the hardest-hit Americans will recover any time soon.
By:
Bianca Facchinei
and last updated 2021-03-11 16:45:07-05
The COVID-19 pandemic put millions of Americans through the wringer. We’ve seen improvements from our low points, but there’s still a long way to go. 
Here are some numbers: Unemployment currently sits at 6.2%. That’s less than half of the pandemic peak of 14.7%. But the latest monthly jobs report shows we’re still down 9.5 million jobs from pre-pandemic times. It also shows an additional 4.2 million people were “prevented” from looking for work due to the virus.  ....

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Stimulus check update: $1.9 trillion COVID relief bill passed by House includes $1.35 billion for city of LA


Families are anxious to receive their third stimulus check and other badly needed support from the federal government now that President Biden s plan has been approved by Congress.
It should be our priority to ensure that neighborhood services families rely on don t get cut or reduced, and to fully restore any that have suffered, especially in historically underserved communities. Funding should also be used to replenish the city s reserves, which have helped us get through the pandemic this past year. What remains should fund one-time programs and projects that create good local jobs in disadvantaged communities, enhance equity and hasten economic recovery citywide, Galperin added. ....

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