Our ability to look forward pulls us into the future and picks us up when we’ve been knocked down.
The past several months has put all that to test. The extended public health response to the novel coronavirus has left a lot of economic rubble. We’re looking up from the bottom of a deep hole…but now we’re starting to see good economic news:
- A V-shaped economic recovery looked unlikely but now the numbers are shooting up.
- Last Friday’s unemployment report showed that 2.5 million jobs were added, beating the projected loss of 8.3 million.
- Both the Nasdaq and Dow were up.
We still have a long slog to recover completely, but at least now it’s not all bad news.
Even while still focused on getting businesses reopened, the Chamber and others are asking ‘What can we do to re-ignite and rebuild the economy?’ More on that in the months ahead.
And another challenge is the unresolved issues in the aftermath of George Floyd’s death. The Chamber is part of an “Inequality of Opportunity” initiative that will kickoff with a national townhall on June 25. Details are being worked on but here’s what we know so far.