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Title: Ten Facts about COVID-19 and the U.S. Economy

Citation Type: Miscellaneous

Publication Year: 2020

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Abstract: The coronavirus 2019 disease (COVID-19) pandemic has created both a public health crisis and an economic crisis in the United States. The pandemic has disrupted lives, pushed the hospital system to its capacity, and created a global economic slowdown. As of September 15, 2020 there have been more than 6.5 million confirmed COVID-19 cases and more than 195,000 deaths in the United States (Johns Hopkins University n.d.). To put these numbers into context, the pandemic has now claimed more than three times the American lives that were lost in the Vietnam War (Ducharme 2020; authors’ calculations). The economic crisis is unprecedented in its scale: the pandemic has created a demand shock, a supply shock, and a financial shock all at once (Triggs and Kharas 2020).

Url: https://www.hamiltonproject.org/assets/files/FutureShutdowns_Facts_LO_Final.pdf

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Authors: Bauer, Lauren; Broady, Kristen; Edelberg, Wendy; O'Donnell, Jimmy

Publisher: The Hamilton Project

Data Collections: IPUMS CPS

Topics: Fertility and Mortality, Labor Force and Occupational Structure

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