The national economy is in an unprecedented economic shutdown. But at least one report suggests that Alabamas economy is at lower risk, long term, compared to other states.
Its a lot to keep up with. Heres Alabamas latest economic news -- good and bad. And a few things to know about how swiftly-changing national policies could affect you.
National:
More than 25 percent of the U.S. economy is shut down right now, according to a study conducted by Moodys Analytics for the Wall Street Journal. Eighty-two percent of American counties are currently under lockdown orders, as the country surpassed 10,000 total deaths due to COVID-19. The countrys daily economic output has dropped 29 percent. Some economists are optimistic that sectors of the economy will reopen in the summer, but there is less confidence now that well experience a V-shaped rebound of a recession.
This is a natural disaster, Mark Zandi, Moodys chief economist told the Wall Street Journal. Theres nothing in the Great Depression that is analogous to what were experiencing now.
But, counterintuitively, the stock market rose today, based on optimism that shutdowns across the world may have successfully flattened the curve.
The new federal small business loan program has gotten off to a rough start, with some major banks hesitant to offer the government-backed loans, and a larger demand than the Small Business Administration initially expected -- or was prepared to handle. The Federal Reserve has stepped in to say it will supplement the work being done by the SBAs Paycheck Protection Program, either through direct loans to banks or by purchasing the loans from the banks so that banks arent saddled with the debt.
State:
Some good news for Alabama, Moodys Analytics also projects Alabamas economy could be among the least affected by the coronavirus shutdown. Take this with a grain of salt as these projections seem to change by the hour, not the day. But Moodys compiled data on March 30 and looked at six metrics: exposure to COVID-19, demographics, trade and travel disruptions, tourism, finance and commodities. Alabamas relatively strong ranking was based, in part, on data that showed the state was less exposed to the virus than others. Thats a number that could change as the state approaches its peak.
Also good news for Alabamians, the state has set up a new website intended to ease the process of applying for economic resources during the pandemic. Gov. Kay Ivey announced the new website altogetheralabama.org as the states official guide to COVID-19 relief efforts.
People can receive information about coronavirus testing, filing for unemployment, food banks, and other needs. Businesses can receive information about federal assistance loans, unemployment claims, and other needs.
Its a needed resource because the state paid out $6 million in coronavirus-related unemployment claims last week.
Dow Open: 21,693.63
Dow Close: 22,722.75 (Up 7.73%)
How safe is the working environment for essential employees these days? Birmingham-based grocery delivery company, Shipt, is preparing for a nationwide walk-off of employee demands are not met for safety improvements, better pay and other measures arent met.
Coronavirus in Alabama: How many infected; where to get tested; key information you need
Coronavirus in Alabama: How to help, how to get help
What happens if you lose your job due to coronavirus?
What to do if you cant pay your bills
How much will I get from the coronavirus stimulus?
How do you apply for small business funds from the stimulus package?
COVID-19 COVERAGE RESOURCES: Follow our live updates. Find all of our coronavirus stories. A continuously updated vital information post. A free text-messaging service so you can receive the most urgent coronavirus updates on your cellphone. And ask questions. To sign up, subscribe to Alabama Coronavirus Urgent Alerts. A new weekday newsletter is available. You can subscribe here. Also, download our mobile app where you can receive on-the-go notifications.
Follow this link:
More than a quarter of the US economy is shut down - AL.com
- Recruitment - Wikipedia [Last Updated On: January 27th, 2017] [Originally Added On: January 27th, 2017]
- Resource-based economy and pay-it-forward | The Moneyless ... [Last Updated On: January 30th, 2017] [Originally Added On: January 30th, 2017]
- A Resource Based Economy - worldsocialism.org [Last Updated On: January 30th, 2017] [Originally Added On: January 30th, 2017]
- Trump's Flawed Logic Regarding US-Mexico Relations - Fair Observer [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Economic freedom achievable through knowledge based economy, innovative technical skill development - President - Asian Tribune [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Younger generation inheritors of knowledge-based economy: President - Lanka Business Online [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Morguard - 2017 Real Estate Investment Trends to Watch in Canada - Canada NewsWire (press release) [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Ask Yourself These Two Questions About America's Economic Future - Fortune [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- The Informal Economy and Decent Work: A Policy Resource ... [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Thunder Bay's population experiencing low growth - Tbnewswatch.com [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Substantial investment in agriculture needed to ensure enough food for all - Daily Nation [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Can Russia project power while battered by economic woes? - Asia Times [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- When will Russia finally break its 'resource curse'? - Russia Direct [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- TEA & TWO SLICES | On Giant Snow Penises And Christy Clark's Shudder-Worthy Interview - Scout Magazine (blog) [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Can Russia project power while battered by economic woes ... - MENAFN.COM [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Siemens backs Qatar''s economic ambitions with innovation - MENAFN.COM [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- The 'Dutch disease' reexamined: Resource booms can benefit the wider economy - USAPP American Politics and Policy (blog) [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- Charles Lawton: Here's a proposal to create real equality of job opportunity - Press Herald [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- India can't write-off coal-based energy so soon: World Coal Association - Economic Times [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- The pathologies of redistributive resource transfers - Livemint [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Jessica Wright: Well-managed farmland benefits community, watershed - Conway Daily Sun [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Evaluate FLSA for its Ability to Keep Pace with Today's Workplace, SHRM Tells House Subcommittee - SHRM [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Officials hope fiber optic expansion helps diversify Decatur's economy - The Decatur Daily [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- 10th Biennial Nehalem Bay Estuary Cleanup set - Tillamook Headlight-Herald [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Howard gives Barnett a hand on hustings - The West Australian [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- EDITORIAL COMMENT: Let's celebrate President's birthday with ... - Chronicle [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Kentucky Main Street Program Communities Contributed $110M to State Economy in 2016 - WMKY [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- GM, Steelcase see a web of opportunity in the circular economy - GreenBiz [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- The sputtering energy economy: Can it be revved up? - Meridian Star [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- The difference between Malcolm Turnbull and Justin Trudeau - The Australian Financial Review [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- In the Face of a Trump Environmental Rollback, California Stands in ... - Yale Environment 360 [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Report: Boundary Waters nets $77 million from summer visitors - Duluth News Tribune [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- DENIM SPIRIT: An economy based on abundance - Finger Lakes Times [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- HR International to hold confab on African economy - Guardian [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Event promotes innovation and technology expansion - News - Castlegar News [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- The Venus Project Plans to Bring Humanity to the Next Stage of Social Evolution. Here's How. - Futurism [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Best returns since 1900? Resource based countries, including ... - Financial Post [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Economic growth projected for Saskatchewan in 2017 | Regina ... - Regina Leader-Post [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Energy as a Model for US-Mexico Economic Partnership - RealClearEnergy [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Science and Technology: Minister says FG will harness natural ... - Pulse Nigeria [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- Montana Jobs Not Well Positioned - Big Sky Business Journal - Big Sky Business Journal [Last Updated On: February 25th, 2017] [Originally Added On: February 25th, 2017]
- The future of WA's economy: Life beyond mining - WAtoday [Last Updated On: February 27th, 2017] [Originally Added On: February 27th, 2017]
- Verdant Zeal set to celebrate decade of providing media solutions - Guardian [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Lessons from Canada's scientific resistance - Bulletin of the Atomic Scientists [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- St Ann can do better Earl Jarrett - Jamaica Gleaner [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Firm canvasses technology strategy - The Nation Newspaper [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- Mandryk: Next Saskatchewan boom needs to be from our heritage fund - Regina Leader-Post [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- Bank of Canada channels Al Gore - Toronto Sun [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- Australia's economy has been growing for 25 years straight Quartz - Quartz [Last Updated On: March 4th, 2017] [Originally Added On: March 4th, 2017]
- The Venus Project envisions a sustainable redesign of our cities and civilization - Inhabitat [Last Updated On: March 4th, 2017] [Originally Added On: March 4th, 2017]
- State's high-tech hits $1 billion economic milestone - Daily Inter Lake [Last Updated On: March 7th, 2017] [Originally Added On: March 7th, 2017]
- The startup economy - Canadian Lawyer Magazine [Last Updated On: March 7th, 2017] [Originally Added On: March 7th, 2017]
- Nehalem Bay Estuary Cleanup - North Coast Citizen [Last Updated On: March 7th, 2017] [Originally Added On: March 7th, 2017]
- Pipelines to be a 'fundamental' issue for NDP leadership race: Julian - Hill Times (subscription) [Last Updated On: March 8th, 2017] [Originally Added On: March 8th, 2017]
- Prime Minister Trudeau, no fan of the middle class - Hill Times (subscription) [Last Updated On: March 8th, 2017] [Originally Added On: March 8th, 2017]
- Finally, Democrats Have A Pro Wrestler In Their Corner - Huffington Post [Last Updated On: March 9th, 2017] [Originally Added On: March 9th, 2017]
- WA election: Labor outlines campaign costings and debt reduction plan - ABC Online [Last Updated On: March 9th, 2017] [Originally Added On: March 9th, 2017]
- WA election: Death threats, One Nation legal action, stadium stoush campaign trail action - ABC Online [Last Updated On: March 9th, 2017] [Originally Added On: March 9th, 2017]
- Russia, Israeli firm agree to invest $100 mln in Russia's dairy industry - Reuters [Last Updated On: March 10th, 2017] [Originally Added On: March 10th, 2017]
- Maine deserves a chance to capitalize on the North Woods monument - Bangor Daily News [Last Updated On: March 10th, 2017] [Originally Added On: March 10th, 2017]
- MAN, RMRDC, others to promote resource-based MSMEs,funding - The Nation Newspaper [Last Updated On: March 10th, 2017] [Originally Added On: March 10th, 2017]
- Jobs, education focus of Gov. Brown's Prineville visit - KTVZ - KTVZ [Last Updated On: March 10th, 2017] [Originally Added On: March 10th, 2017]
- HIKE NETARTS BAYOCEAN SPIT - North Coast Citizen [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Jobs versus or for the environment? - Budgeeter News [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Canada Invests $325 Million in the Fish and Seafood Sector - Yahoo Finance [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- We are taking steps to overhaul economy through knowledge-based ... - TheNewsGuru (satire) (press release) (blog) [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Canada Invests $325 Million in the Fish and Seafood Sector - Marketwired (press release) [Last Updated On: March 12th, 2017] [Originally Added On: March 12th, 2017]
- Saskatchewan gender, immigrant wage gaps among widest in Canada - Saskatoon StarPhoenix [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Week in Film: Endless LOLs, an Acid Western, and Great Advice ... - Bedford + Bowery [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Famous fish the focus of 'steelhead ecology' hike - Tillamook Headlight-Herald [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- 'Explore Nature' sets Cape Lookout hike - Tillamook Headlight-Herald [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Califonria Lawmakers approve billion dollar gas tax | KBAK - Bakersfield Now [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Globe editorial: On pipelines, Ottawa must have the final say - The ... - The Globe and Mail [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Politics biggest determinant of economic future, says Page - Tbnewswatch.com [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Our Turn: Pass SB 129, save 900 New Hampshire jobs - Concord Monitor [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- We'll Always Have Paris: Trump's Impact On The Climate Agreement - HuffPost [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- A strategy that will make Canadian innovation flourish - The Globe and Mail [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Ocean Conference Side Events Highlight Cooperation on SDG 14 ... - IISD Reporting Services [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- We must tap 'blue economy' for progress - Daily Nation [Last Updated On: June 8th, 2017] [Originally Added On: June 8th, 2017]
- Minnesota Power Proposes Next Step in EnergyForward Plan - POWER magazine [Last Updated On: June 9th, 2017] [Originally Added On: June 9th, 2017]