Mar 28 2020
08:23 am

The Department of Labor reported on Thursday that 3.28 million people filed for unemployment insurance last week, confirming that the economy is rapidly transitioning from strong activity to an unwelcome hibernation because of the coronavirus.
It’s an economic hurricane, not a typical recession.
Perhaps a better analogy for the current downturn is not past recessions, but rather a natural disaster like Hurricane Katrina in 2005. Like the coronavirus, it caused an almost immediate shutdown of one economic region.

Unemployment claims (population in millions) -
Tennessee - 39,096 (6.79)
Kentucky - 48,847 (4.47)
Georgia - 11,746 (10.617)
Alabama - 9,490 (4.9)
North Carolina - 93,587 (10.49)

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Lost Medicaid Funding

To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)

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