Economic Take

Running the Numbers on COVID-19 Economic Damage and Relief

May 19, 2020

Economists estimate that COVID-19 shutdowns have cost the U.S. economy billions of dollars per day. In response, the federal government has allocated trillions of dollars to protect jobs and businesses. Though there is little data on the effect of these efforts, an early sign of improvement may be that the number of people receiving unemployment benefits last week held steady.