Speech
The Foundation for Long-Term Recovery
Abstract: We know the numbers are bleak: 21 million Americans are unemployed, and the number of people who are not working and not actively looking for work (which means they’re not officially counted as “unemployed”) has risen by an additional 8.3 million in two months. Retail sales of consumer goods have fallen by almost 23 percent, manufacturing production has dropped over 18 percent, and GDP was down at a 5 percent annual rate in the first quarter. Forecasters expect this quarter to be much worse.
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https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2020/barkin_20200615
Description: Speech
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Provider: Federal Reserve Bank of Richmond
Part of Series: Speech
Publication Date: 2020-06-15