U.S. economy suffered biggest fall in more than 50 years, Chicago Fed says – CBS News

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Mike
3 years ago

The CBS article links to the Chicago Fed National Activity Index news release which has four charts dating back to 1970 to provide historical perspective on the CFNAI Index, which is especially helpful to visual learners.

http://www.chicagofed.org/~/media/publications/cfnai/2020/cfnai-may2020-pdf.pdf

Needless to say since 1970 nothing comes close to the drop in US economic activity due to this COVID-19 financial crisis.

debtsor
3 years ago

I have a great idea: Let’s give Illinois legislators and state employees raises! We can tax the unemployment benefits of those that recently lost their jobs to pay for it! (the state withholds a 5% cut of unemployment compensation for taxes).

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A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign

“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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