Orders across the country for people to stay home in late March and April to slow the spread of the coronavirus led to economic disruptions and ultimately job losses.
The drop in weekly unemployment claims filed in the U.S. in the latest government report may be a good sign for the country, according to Ball State University Economist Michael Hicks.
Economic experts suggest Indiana’s once-low unemployment rate is expected to jump significantly as a result of measures to slow the spread of the coronavirus.
Initiatives by government, private businesses and a host of organizations to slow the spread of the coronavirus is expected to create a recession as mass layoffs cause unemployment to exceed 10.5% nationally and 10% in Indiana within 45 days, according to a report from Ball State University.
The nation’s economy has seen strong job gains in January and February, according to government data, but a Ball State University economist says future job creation numbers could look very different down the road because of fallout from the global coronavirus outbreak.
Better than expected job gains in April shows the nation’s economy is continuing to expand.
A Ball State University report suggests the combined effects of the 2018 Tax Cuts and Jobs Act, current monetary policy, and a widening trade war will reduce the pace of Indiana’s economic growth in 2019. During his address at the annual Indiana Economic Outlook Luncheon in Muncie’s Horizon Convention Center Dec. 12, Ball State economist […]