NAM Economist Dr. Chad Moutray’s Monday Economic Report
- Unemployment Rates
- Sentiment Data
State Shutdowns Have Taken at Least a Quarter of U.S. Economy Offline
Eight in 10 U.S. counties are under lockdown orders, according to a study, and they represent nearly 96% of national output
The Wall Street Journal Reports that at least one-quarter of the U.S. economy has suddenly gone idle amid the coronavirus pandemic, an analysis conducted for The Wall Street Journal shows, an unprecedented shutdown of commerce that economists say has never occurred on such a wide scale.
The study, by the economic-analysis firm Moody’s Analytics, offers one of the most comprehensive looks yet at how much of the world’s largest economy has shut down in the past three weeks. It also analyzes counties big and small—from Manhattan to tiny Gilpin County, Colo.—to estimate how a concentration of government shutdown orders in the counties that produce a disproportionate share of the nation’s goods and services has weighed on the national picture.
MIT Study: Stronger Pandemic Response Yields Better Economic Recovery
Study of 1918 flu pandemic shows U.S. cities that responded more aggressively in health terms also had better economic rebounds.
With much of the U.S. in shutdown mode to limit the spread of the Covid-19 disease, a debate has sprung up about when the country might “reopen” commerce, to limit economic fallout from the pandemic. A new study co-authored by an MIT economist shows, taking care of public health first is precisely what generates a stronger economic rebound later.
The study, using data from the flu pandemic that swept the U.S. in 1918-1919, finds cities that acted more emphatically to limit social and civic interactions had more economic growth following the period of restrictions.
CI Webinar: OSHA Guidance and Best Practices for COVID-19
- When: Wednesday, April 8, 2020 at 1 pm
- Where: Online webinar
- Cost: No fee to participate
The Council of Industry and Catamount Consulting will host a webinar on Wednesday, April 8, at 1 pm on OSHA Guidance and Best Practices for COVID-19 with presenter Ron Coons, OHST, CSC, President of Greater Catskill Office of Catamount Consulting.
This webinar will cover:
- What Coronavirus is and who is at risk
- Regulatory requirements for protecting workers for both essential and non-essential workers
- Best practices to minimize and prevent the spread of Coronavirus in your workplace
- OSHA requirements for respiratory protection.
Upon Registering your confirmation email will include phone and login information. If you do not receive a confirmation email please contact firstname.lastname@example.org for the information.
FuzeHub Announces COVID-19 Manufacturing Grants
Six Companies will share a total of $400,000
Our Friends and Associate Member FuzeHub will provide COVID-19 Manufacturing Grants designed to aid existing New York State small to medium-sized manufacturing companies that can meet prevailing FDA requirements and can quickly accelerate production of personal protective equipment and respiratory care equipment that has been depleted due to the COVID-19 outbreak.
Hudson Valley is One Week Behind New York City’s Expected COVID Peak, Says Health Commissioner
Mid Hudson News Reports the coronavirus is expected to reach its peak in New York City in a week to 10 days and Orange County’s health commissioner predicts the Mid-Hudson Valley won’t be too far behind.
Dr. Irina Gelman expects the apex may reach our region later this month.
“Once we see New York City really peaking, we should be following closely, about a week behind, and after the fact, the numbers will plateau out for a while because of the lag in testing, because of a number of other factors,” she said. “But once it starts to plateau out, the first decline in numbers we see will be highly significant because once it starts slowly declining with new case numbers, that is when we are going to be headed for the downward slope, and that is where we want to be.”