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Business Impacts & COVID-19

LEVICK |

Business Impacts & COVID-19

The impact on business caused by COVID-19 is beyond what any person could have expected as the United States entered 2020.  In the span of a few months, more than 20 million people in the U.S. lost their jobs, erasing 10 years of job gains.  Unemployment in the United States was 3.5% in February 2020.  Two months later in April, it was 14.7%.  In May, a surprise unemployment rate announcement of only 13.5% was celebrated (as opposed to what had been the expected rate of 19.0%).  The U.S. Fed Balance Sheet increased from $4 trillion in 2019 to…Read more

LEVICK |

Business Impacts & COVID-19

The impact on business caused by COVID-19 is beyond what any person could have expected as the United States entered 2020.  In the span of a few months, more than 20 million people in the U.S. lost their jobs, erasing 10 years of job gains.  Unemployment in the United States was 3.5% in February 2020.  Two months later in April, it was 14.7%.  In May, a surprise unemployment rate announcement of only 13.5% was celebrated (as opposed to what had been the expected rate of 19.0%).  The U.S. Fed Balance Sheet increased from $4 trillion in 2019 to…Read more