This is my attempt to make sense of it all for you, the real estate professional, from an overall economic standpoint. Daily, local business news powered by Las Vegas Sun and VEGAS INC. We asked financial institutions about COVID-19’s effect on how they conduct business and connect with consumers.
This professional how-to guide gives you 10 easy ways to sharpen your skills, and includes a bonus cheat sheet with over 300 words to jump-start your creativity. “Although the prospect of COVID-19 vaccines has bolstered business optimism for 2021 growth, this has been tempered by concern over the recent virus resurgence and the implications for near-term business conditions, ” the Fed said. The Fed said that reports on consumer spending, which drives 70% of economic activity, were mixed. Some districts reported declines in retail sales and demand for hospitality and leisure services as local governments imposed stricter measures in an effort to contain the surge in virus cases. A Federal Reserve survey of U. S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a renewed surge of COVID-19 cases. There’s never been a more exciting time to be part of the economic development industry.
More recently, an analysis by the National Women’s Law Center found that the economy lost 140, 000 jobs in December, and all of them were jobs held by women. Women lost 156, 000 jobs and men gained 16, 000, the report said, citing the Bureau of Labor monthly jobs report. According to the Rand Corporation, by the end of September the labor participation rate for men without children at home was only 1 percentage point lower than it had been in January, before Covid-19 slammed the economy. She said the pandemic is a reminder that women, far more often than men, leave their jobs to care for family members. Economists are all over the place on what the ramifications will look like, but we all pretty much agree that the first quarter’s economic activity will come in at about zero. Beyond that, there is much debate about the level of contraction and growth. There’s an overwhelming amount of data and headlines circulating.
At Ady Advantage, we are honored and blessed to work on the frontlines with many of you to help fulfill our own mission, which is nothing in short supply of producing the world a much better place. We know that will the communities and foule that have been strike hardest by COVID-19 are usually those who have been the almost all economically disadvantaged. Economic inequality is an issue that will pre-dated the COVID and will also be with us long right after the pandemic is more than. Communities are increasingly prioritizing economic equity and flexibility as core tenants associated with their economic development eyesight and strategic goals.
“This is a frightening time for our country and a frightening time for our state, ” said former state legislator Kiah Morris, who became a commission member last month. Morris noted that many of the problems exacerbated by the pandemic disproportionately affect women, some of whom were impoverished before the spread of Covid-19.
Discover the five overnight changes affecting banking engagement. Everyone in financial marketing writes headlines, whether they like it or not.