Mich. businesses struggle amid pandemic restrictions
UPDATED 1:30 PM PT – Thursday, November 19, 2020
Businesses in Michigan continue to worry about the economic impact of COVID-19 restrictions, although data from October shows the state’s unemployment rate is down to 5.5 percent. This is a major drop from September’s unemployment rate of 8.6 percent.
More than four and a half people in the state were unemployed last month, which marked the highest number since the start of the pandemic.
Meanwhile, a rising number of virus cases and winter weather could worsen layoffs. Workers are looking to Congress to pass more stimulus amid concerns they won’t be able to stay afloat financially.
“I think that we are as prepared as ever for a second wave of claims.”
Officials at the Michigan Unemployment Insurance Agency
say they’re working to help more people during another round of potential layoffs. @WOODTV
— Dana Whyte (@dwhytereports) November 19, 2020
“My savings are gone, my bills are coming up,” bartender Stephanie Fox stated. “My dog needs surgery, and I’m like, OK, you know, but at the same time, I get it.”
Stay Smart. Stay Safe. @MichiganHHS reports today, Nov. 17, 2020, 7,458 new COVID-19 cases & 79* deaths. For * details https://t.co/2tAAcYRyCj. Michigan’s total cases are now 272,034 & 8,128 deaths. Find the latest data & #COVID19 news @ https://t.co/niRBexCYOy. #MaskUpMichigan pic.twitter.com/HsTeuOKq6j
— Michigan.gov (@migov) November 17, 2020
More than 20 million Americans are receiving some form of unemployment benefits, but about half of them will lose it when programs expire at the end of the year.