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The pandemic complicated food insecurity among children, older adults, and undocumented immigrants. Feeding America stated that the estimated number of food-insecure kids could jump from 11 million to an estimated 18 million. Additionally, many children in the U.S. rely on free meals for sustenance.
Goldman Sachs Economic Research estimates that long-term tariffs on imports from Canada and Mexico could raise core inflation – measured by the PCE – by 0.7% and reduce economic growth by 0.4%.
“The good news is that shelter costs slowed down to 0.2%, month-on-month, and 4.9%, year-over-year. However, it also showed that there are still plenty of upside risks for inflation going ...
Americans’ attitudes toward the economy improved this month for the first time since January, thanks to better perceptions of the job market. ... as having the greatest impact on their view of ...
The economic impact on the video game sector is not expected to be as large as in film or other entertainment sectors as much of the work in video game production can be decentralised and performed remotely, and products distributed digitally to consumers regardless of various national and regional lockdowns on businesses and services. [155]
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The most visible effect of COVID-19 on the U.S. economy showed up in the abrupt rise in the unemployment rate. In February 2020, before the pandemic hit the economy, the U.S. unemployment rate sat ...