{"id":28256,"date":"2020-11-27T14:10:15","date_gmt":"2020-11-27T14:10:15","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=28256"},"modified":"2020-11-27T20:13:17","modified_gmt":"2020-11-27T20:13:17","slug":"setback-for-the-economic-recovery","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/setback-for-the-economic-recovery\/","title":{"rendered":"<Setback for the economic recovery>"},"content":{"rendered":"<p>The Fed\u00a0warns that the recent rise in COVID cases could setback an economic recovery.<\/p>\n<p><!--more--><\/p>\n<p class=\"Component-root-0-2-62 Component-p-0-2-53\"><a href=\"https:\/\/apnews.com\/article\/summits-coronavirus-pandemic-g-20-summit-financial-markets-united-states-e18fc7a0df6d511c959e1ff69995749e\">According to AP News<\/a>, the head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a resurgence in coronavirus cases.<\/p>\n<p class=\"Component-root-0-2-62 Component-p-0-2-53\">IMF Managing Director Kristalina Georgieva said in a note prepared for a virtual meeting of the leaders of the Group of 20 major economies that significant progress on the vaccines raised \u201chopes of vanquishing the virus that has taken more than a million lives and caused tens of millions of job losses\u201d around the world.<\/p>\n<h1>The job market<\/h1>\n<p>Last week, applications for first-time unemployment benefits\u00a0<a class=\"x_link\" href=\"https:\/\/link.morningbrew.com\/click\/22152263.1106980\/aHR0cHM6Ly9hcG5ld3MuY29tL2FydGljbGUvcGFuZGVtaWNzLWpvYmxlc3MtY2xhaW1zLXVuZW1wbG95bWVudC1jb3JvbmF2aXJ1cy1wYW5kZW1pYy11bml0ZWQtc3RhdGVzLWE5YWJlZTA3Y2MzZWI3MjQ2ZTdlM2M4NjAzNDMwYTQ5P3V0bV9zb3VyY2U9bW9ybmluZ19icmV3\/5dd558ab52ba1e2e5e324481B8f785a87\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\">rose<\/a>\u00a0to 742,000, the first increase since early October. Some more concerning numbers about the labor market, <a href=\"https:\/\/www.morningbrew.com\/daily\/2020\/11\/20?email=pablo.hernandez@ceo-latam.com\">per Morning Brew<\/a>:<\/p>\n<ul>\n<li><strong>20.3 million:<\/strong>\u00a0U.S. workers receiving unemployment benefits at the end of October<\/li>\n<li><strong>10 million:<\/strong>\u00a0jobs the economy has lost since the pandemic started<\/li>\n<li><strong>35:<\/strong>\u00a0consecutive weeks that initial jobless claims have been worse than at the peak of the Great Recession<\/li>\n<\/ul>\n<p><strong>The context:\u00a0<\/strong>New daily coronavirus infections have ballooned 80% the last two weeks, and states and cities are reimposing restrictions.<\/p>\n<p><strong>Looking ahead&#8230;<\/strong>Congress missed the sentiment behind Boxing Day. On Dec. 26, two CARES Act programs that offer additional federal unemployment benefits\u00a0<a class=\"x_link\" href=\"https:\/\/link.morningbrew.com\/click\/22152263.1106980\/aHR0cHM6Ly93d3cuY2JzbmV3cy5jb20vbmV3cy91bmVtcGxveW1lbnQtYmVuZWZpdHMtMTItbWlsbGlvbi1hbWVyaWNhbnMtbG9zZS1hZnRlci1jaHJpc3RtYXMvP3V0bV9zb3VyY2U9bW9ybmluZ19icmV3\/5dd558ab52ba1e2e5e324481B524dfda6\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\">will expire<\/a>:<\/p>\n<ul>\n<li>One expands eligibility to contract workers and the self-employed for the first time.<\/li>\n<li>The other provides an additional 13 weeks of federal benefits after state ones run out.<\/li>\n<\/ul>\n<p>If these programs are allowed to expire, 12 million workers will go from receiving an average of $320 benefits\/week to nothing, the Century Foundation estimates. Without that money, many could struggle to pay rent, buy food, and keep up with other necessities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fed\u00a0warns that the recent rise in COVID cases could  [&#8230;]<\/p>\n","protected":false},"author":8,"featured_media":28257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[99,1385,992,993,3565,3472,2793],"class_list":["post-28256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ceo","tag-ceo-northam","tag-imf","tag-international-monetary-fund","tag-job-losses","tag-kristalina-georgieva","tag-labor-market"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=28256"}],"version-history":[{"count":4,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28256\/revisions"}],"predecessor-version":[{"id":28261,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/28256\/revisions\/28261"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/28257"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=28256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=28256"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=28256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}