Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent). Real DPI decreased 1.8 percent in June and Real PCE increased … [More]
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June Personal Income and Disposable Income Decreased due to COVID-19
U.S. Bureau of Economic Analysis
Gross Domestic Product, 2nd Quarter 2020 Is Worst Ever
U.S. Bureau of Economic Analysis
Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the … [More]
Jobless Claims Hit 1.4 Million, Once Again Edging Up from Week Prior
U.S. Department of Labor
In the week ending July 25, the advance figure for seasonally adjusted initial claims was 1,434,000, an increase of 12,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 1,416,000 to 1,422,000. The 4-week moving average was 1,368,500, an increase of 6,500 from the previous week's revised average. The previous week's average was … [More]
EN NEGOCIOS: ¿Está considerando abrir un nuevo negocio en 2020? Toma estos consejos en consideración
por Edgar R. Olivo
¿Ser dueño de un negocio es algo que quiere hacer este año? ¿Tuvo que cerrar un negocio durante la pandemia y ahora está pensando en comenzar de nuevo? ¿Está pensando en dejar el mundo corporativo para comenzar su camino empresarial? Si respondió que sí, lea las siguientes consideraciones antes de tomar esta gran decisión. Iniciar un negocio en el clima económico … [More]
Are You Considering Opening a New Business in 2020? Take These Tips into Consideration
by Edgar R. Olivo
Is being a business owner something you want to do this year? Did you have to close a business during the pandemic and now you are thinking of starting over? Are you thinking about leaving the corporate world to start your entrepreneurial journey? If you answered yes to any of these questions, please read the following considerations before making this big … [More]
CDC Updates Isolation Guidelines; COVID-positive Employees May Return to Work Sooner
by Otto W. Immel and Brenna M. Wildt, Quarles & Brady LLP
Last week, in a little-noticed health advisory, the Centers for Disease Control and Prevention (CDC) updated its guidance regarding the discontinuation of home isolation for persons with COVID-19. These subtly-revised guidelines are notable for employers, as the CDC’s return-to-work guidance incorporates its recommendations on the discontinuation of home isolation. As a result, … [More]
Almost Half of Small Business Owners Surveyed Anticipate Needing Additional Financial Support Over the Next Six Months
NFIB
The NFIB Research Center released a survey today on the state of small business and the Paycheck Protection Program (PPP). The PPP loan application is set to close on Aug. 8 after Congress extended the deadline to allow more small business owners to participate. Most small business owners (71%) have used their entire PPP loan. However, 46% of borrowers say they anticipate … [More]
Scottsdale City Council Approves Arts and Culture Coronavirus Grant Program
Scottsdale Arts
The Scottsdale City Council has approved $1.5 million from the city’s Federal CARES Act funding to help nonprofit arts and culture organizations affected by the coronavirus pandemic. Grant funding will support programming and safe, alternative facilities reopening. “Scottsdale has always appreciated and supported arts and culture activities – they’re a vital part of our … [More]
TESTING UPDATE: Pre-Register for Free Surge Testing
State of Arizona Office of the Governor
Tomorrow is the last day to take advantage of free COVID-19 surge testing at sites operated by the Department of Health and Human Services in Maricopa County. Testing is available at two sites: South Mountain Park, 10919 S. Central Avenue, Phoenix, AZ 85042 Maryvale High School, 3415 N. 59th Avenue, Phoenix, AZ 85033 Arizonans can pre-register HERE. Plenty Of Tests … [More]
Three Steps to Take if an Employee Tests Positive for Coronavirus
by Karen Stafford, MHRM, SPHR, SHRM – SCP
Your employee has symptoms and the doctor said it could be COVID-19. What do you do now? The steps you take next are critical. The goal is to both contain the virus as much as possible and follow workplace requirements. Following these three steps can help you accomplish that goal. Follow the Requirements While it is important to minimize risk to your other employees, … [More]
Mid-Year Outlook: Expect a Bumpy Ride for the Remainder of 2020
Hercules Investments
As America gets closer to the presidential election, the country finds itself still struggling on several fronts: the COVID-19 pandemic, racial unrest, and most recently Chinese sanctions. And yet, the stock market has remained relatively stable over the past couple of months. Stock-market bulls cheered the Tuesday morning after Memorial Day as the S&P 500 traded above its … [More]
‘Arizona: Open For Learning’ Plan to Invest $440M in Arizona Schools, Includes Health Guidance
State of Arizona Office of the Governor
Governor Doug Ducey announced additional resources, flexibility and clarity for the start of the 2020-2021 school year. This “Arizona: Open for Learning” plan provides maximum options for Arizona families, ensures students receive a full academic year of education, invests a total of $440 million in federal dollars to our schools, and gives local school leaders the flexibility … [More]
Extended Protections for Public Health; Bars, Gyms and Theaters to Remain Closed
State of Arizona Office of the Governor
Governor Doug Ducey today extended an executive order pausing operations on gyms, bars, nightclubs, movie theaters, water parks, and tubing. The order also continues to prohibit large public events and enables local law enforcement to take immediate enforcement action to ensure compliance with the order. This extension will be reviewed for repeal or revision every two … [More]
Statewide Campaign to Promote Mask Use Developed in Partnership with Arizona Advertising Agencies
State of Arizona Office of the Governor
Governor Doug Ducey announced a statewide campaign developed in partnership with Arizona advertising and public relations firms to promote the use of masks and other important precautions to contain the spread of COVID-19. This first-of-its-kind collaboration will feature creative concepts in English and Spanish developed by Arizona’s leaders in advertising supported by $3 … [More]
U.S. Single-Family Rent Price Growth Plunges in May, But Phoenix Up 6%
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across 20 metropolitan areas. Data collected for May 2020 shows a national rent increase of 1.7% year over year, down from a 2.9% year-over-year increase in May … [More]
Transportation Leader in Zero-Emissions Solutions Breaks Ground on Factory in Coolidge, AZ
Nikola Corporation
Nikola Corporation, a global transportation leader in zero-emissions and infrastructure solutions, is one step closer to bringing a 1 million-square-foot manufacturing facility to Coolidge, Ariz. following an official groundbreaking ceremony on its approximate 430-acre parcel. The ceremony included speakers from Nikola’s executive team Trevor Milton, founder and executive … [More]
Weekly Jobless Claims Up to 1.4 Million, First Rise in Four Months
U.S. Department of Labor
In the week ending July 18, the advance figure for seasonally adjusted initial claims was 1,416,000, an increase of 109,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 1,300,000 to 1,307,000. The 4-week moving average was 1,360,250, a decrease of 16,500 from the previous week's revised average. The previous week's average was … [More]
EN NEGOCIOS: Cómo los empresarios pueden encontrar oportunidades de negocios durante una pandemia y una recesión
por Edgar R. Olivo
Después de haber trabajado con innumerables emprendedores en una gama amplia de industrias y tamaños, la resistencia y la determinación son las características de cada empresa exitosa, y cuando se trata de comenzar de nuevo, en mi opinión, los emprendedores pueden ser los mejores para pivotar en tiempos difíciles. Pero con todas las malas noticias que inundan nuestras … [More]
