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Economist highlights historic decline in employment in Yellowstone County
Economists discuss trends during pandemic in Yellowstone County
and last updated 2021-02-02 20:03:18-05
In Yellowstone County, there was a historic decline in employment since the COVID-19 pandemic started last year.
On Tuesday morning, during day two of the University of Montana s economic outlook seminar, economist Pat Barkey said that in the first half of 2020 Yellowstone County lost jobs. In the second half of the year, the rebound was not enough to offset the effects from the beginning of the year. That netted out to be about a 3 percent decline in employment across the county, which was historic. But it is going to turn into something which is almost equally historic coming out as we expect to see some version of normality kicking in sometime around summer. We expect to see many of these jobs, which have been lost because of social distancing and other economic consequences of the pandemic.reverse
Economic recovery team reports COVID effects on small business in Billings
Big Sky Economic Development shares report on Billings-area economy
By: David Jay
and last updated 2020-12-11 13:07:37-05
Because of COVID-19, Billings Logan International Airport is running at 60 percent of what it was last year, which is better than the nationwide average of 30 percent.
That was one part of the Big Sky Economic Development Authority (BSEDA) report released Thursday.
The Yellowstone County Economic Response & Recovery team presented its progress report to the community on Zoom.
The meeting started with how COVID-19 has affected businesses. Party Time Plus (a business on the West End), they have decided to close their doors, said Karen Grosz, Canvas Creek Team Building owner and meeting facilitator. And I know that we all have just a moment of shock and sadness, as we hear that news.