Employment
The US Economy: Small Business Pulse Survey Updates by the US Census
14.2% of U.S. Small Businesses experienced an increase in operating revenues/sales/receipts in the last week, marking the fifth consecutive week of reported increases. 21.9% of U.S. Small Businesses have experienced little or no effect from the coronavirus pandemic, making it the largest estimate ever reported for this statistic. 9.5% of U.S. Small Businesses experienced an increase in the number of hours worked by paid employees in the last week. For responses collected 3/22 - 3/28, this statistic was 9.0%. 13.9% of U.S. Small Businesses have returned to their normal level of operations. 22.9% of U.S. Retail Trade small businesses experienced an increase in operating revenues in the last week, marking the first time on the SBPS that more companies reported an increase over a decrease, based on responses collected 3/29 – 4/4 more »
Have You Received Your Stimulus Check? The IRS: When We’ll Send Your Third Payment & Face Masks and Other Personal Protective Equipment to Prevent the Spread of COVID-19 Are Tax Deductible
IRS website: "When We’ll Send Your Third Payment: The third round of Economic Impact Payments are being sent in phases. The IRS started sending the first batch of payments with an official payment date of March 17. If you haven’t received one yet, it doesn’t mean you won’t. We’ll send the third payments each week to eligible individuals as we continue to process tax returns. Payments are sent by direct deposit or mail as a check or debit card." more »
Testimony: Assault in the Military, Continued Congressional Oversight and Additional DOD Focus on Prevention Could Aid DOD's Efforts
"Our prior work has shown that focusing on sexual assault prevention and addressing the needs of certain populations (e.g., male servicemember victims and DOD civilian employees) could help to further address the issue. DOD has largely focused on responding to incidents of sexual assault rather than preventing them. We testified that continued DOD leadership attention can help ensure that our recommendations are addressed to prevent sexual assault in the military. Despite congressional oversight and the Department of Defense's actions to implement more than 100 GAO recommendations, reports of sexual assault in the military continue to rise." more »
Coronavirus Aid, Relief, and Economic Security Act; Chair Jerome H. Powell Before the Committee on Financial Services, House of Representatives
"Today the situation is much improved. While the economic fallout has been real and widespread, the worst was avoided by swift and vigorous action — from Congress and the Federal Reserve, from across government and cities and towns, and from individuals, communities, and the private sector. More people held on to their jobs, more businesses kept their doors open, and more incomes were saved. But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes... However, the sectors of the economy most adversely affected by the resurgence of the virus, and by greater social distancing, remain weak, and the unemployment rate — still elevated at 6.2 percent — underestimates the shortfall, particularly as labor market participation remains notably below pre-pandemic levels." more »