Wichita, Kansas 2020-11-19 21:15:34 –
Topeka, Kansas (KSNT) — The coronavirus pandemic has hit the country’s economy hard. Researchers at the Urban Institute, a non-profit economic and social research institute, call the unprecedented recession a national “recession” that varies from state to state.
In a virtual meeting with the Kansas tax reform council, researchers said the state has shown improvement in recent months, but there is still a long way to go for economic recovery.
Richard Associates, Senior Policy Associate of the Urban Institute, said: “Things are definitely better than in summer, but they are by no means good.
While publishing a survey on the state’s economic situation, Auxier said Kansas is currently one of the highest unemployment rates compared to neighboring states, at 5.9%. Below the national average, it has fallen by about half from its peak of 11.9% in April, but researchers say it may be related to the number of cases of coronavirus.
Kim Ruben, director of state and local finance at the Urban Institute, said the first step towards an economic recovery was to curb the surge in incidents.
“I’m part of what the Governor of Kansas has to do for the country as a whole, and how we get to be difficult to do at the state level if it doesn’t come from the federal level. I think it really is to understand that our case is under control and how we respond to the pandemic, “said Ruben.
Ruben said the Urban Institute recommends managing the number of cases nationwide before the economy thrives, linking the increase in the number of cases to a potential stall in economic interests.
“As the load on the case increases, companies will probably start closing again, but even if the government doesn’t mandate them, people will be more nervous and will not go out,” Ruben explained.
Researchers also say a second stimulus from Washington may provide a coveted boost to the state’s economy. Governor Laura Kelly proposed a stimulus at a virtual meeting with the state’s Spark Task Force on Monday.
Due to the limited supply of CARES law funding in the state, the governor may help the second stimulus to invest more money in the economy, especially for SMEs and the unemployed Kansas. Said there is.
When Governor Kelly explained her push to get Congress to take action, he urged, “We need to get Congress to join, get them involved quickly, and let the stimulus go through.”
To curb the spread of the coronavirus in Kansas, Governor Kelly announced a new executive order this week calling for a state-wide face-covering protocol. Under Executive Order, the County Commission has a week to implement its own ordinance. If you have not created your own, you will automatically be opt-in to the governor’s orders.
Economic researchers urge Kansas lawmakers to control COVID-19 cases, boost economy Source link Economic researchers urge Kansas lawmakers to control COVID-19 cases, boost economy