A lot of the jobs that have been lost since the pandemic are being recovered. No question it was a much better number than was expected with the headline being 1. 4 million jobs added and the Unemployment Rate going below double digits for the First Time Since the pandemic adding it all up we now have recovered since april a total of about 10. 6 million jobs, which is huge progress, but it also leaves a huge hole we still have 11. 5 million fewer jobs than we had in february which was the month before the pandemic so weve still got to dig ourselves out of the hole and weve still got to look at the permanent impact of all of this. One in the numbers i went to first in this report is the number of people seeing permanent job losses it did rise by about half a million. Its 3. 4 million so that is the highest level since 2013 and does point to the fact that there is going to be some permanent scarring despite the fact, carl, that we are seeing progress, its moving in the right direction. T
Benefit of having a big civilization with lots of interactions, lots of people meeting people, doing business, creating. Good morning. Good evening, depending on where you are. Thank you for joining us. Senior fellow and Vice President of the Global Economy and development program, and brookings. The Global Economy is in perfect. The pandemic continues disrupting billions of lives, jeopardizing billions. The World Bank Global economic prospects which relates this conversation, its infraction on global gdp in 2020. This is the global recession since world war ii, since 1870. Its informed by an assessment fundamental drivers of a long time ago, a formation. The location of trade but headline Economic Growth number, having its proportionate effect and lower Income Countries, the large. There dominated the ability to adjust to covered religious measures such as confinement. The population in such the pandemic is likely to leave a legacy of inequalities between and within countries, and the
In demand for oil. Francine it is amazing. F you look at the price he was gloomy and said this was serious. Interesting is that all of his modeling shows there will not be enough Storage Capacity because demand will fall so much. It is based on every country not cheating. If a country needs to balance its books you might open the taps a little bit even if the price of oil is low because you need the export revenue, but that may make things worse. I think thats what he was trying to convey to us. Tom no question about that with oil. Jonathan ferro was talking yesterday about the global contraction in oil. In new york city here is viviana. Report on the impact of coronavirus on the oil market. This year oil demand will plunge by a record of 9 . The executive Director Director on surveillance moments ago. This will for efforts by the opecplus coalition to contain the rush of crude. Shrink byill almost a third. Toald trump halting payments the World Health Organization, he blames them for
Again this is part of the effort to slow the spread of the virus as much as possible. Kron fours dan kerman has been following the story he joins us live. Dan. Or out in front of Sanchez Elementary School here in San Francisco in as you can see theres nothing going on there hasnt been anything going on here any of the other schools in the area across the bay area all day because the schools have been closed because of the shelterinplace orders and now the School Districts have decided because those orders are in place and because the schools need to contribute to the slow the spread of the virus. They need to keep the schools close not to the beginning of april but to the beginning of may. Across the Bay Area School classrooms, playgrounds and parking lots are empty. Thats because School Districts of shutdown classroom instruction to slow the spread of the coronavirus of course he would rather be in school, we know that Public Schools are an essential part of or Greater School communit
Local news station. Now in i just minutes ago the Senate Passed a 2 plus trillion dollar economic stimulus package. Thanks for joining us. Everybody, im grant lotus and i think you will kiss this historic bill was just voted on minutes ago. The highlights include direct payments of up to 1200 for working people. An additional 500 per child married couples earning up to 150,000 will get 2400. This bill provides billion in Small Business loans. 250 billion in Unemployment Insurance benefits and billion in loans for distressed companies. This stimulus package now heads on to the house which is expected to vote on it tomorrow. The latest coronavirus numbers in the bay area Santa Clara County continues to have the most trouble locally 459 cases along with 17 deaths. Tonight we also know that the Santa Clara County Sheriffs Office has 5 confirmed cases in that department. The latest case there deputy who had been assigned to the Custody Bureau that deputy is now selfisolating at home meanwhi