Posted: 9:55 PM, Mar 17, 2020 Updated: 7:14 AM, Mar 18,
2020 By: Nicole Valdes
U.S. Treasury
Secretary Steven Mnuchin told Republican Senators the U.S. Unemployment Rate
could hit 20% as the spread of COVID-19 continues to plague the country,
without government intervention.
Arizona's seen a
record low unemployment rate in the last few years- dropping under 5% in
October of 2019.
Several Arizona
cities announcing closures to major events, and local businesses- leaving many
without work.
Tuesday, Mayor Kate
Gallego declaring a state of emergency, and ordering bars and restaurants close
to patrons by 8 p.m. on St. Patrick's Day- what's usually a busy day for most.
"We understand
that already people have reduced hours or lost their jobs," she said.
"We know this is incredibly difficult. I did not take this decision
lightly."
Some businesses will
remain open, and allow for delivery or take-out options instead, but others in
the tourism industry are losing their jobs all together.
Senator Martha
McSally telling Arizonans in a tele-town hall meeting Tuesday she's learned
hotel workers are being let go at an alarming rate.
"Many of them
have had 100% cancellations over the next several months," said
McSally." They are on the verge of laying off all of their employees this
week because there’s just no cash coming in.”
Senator McSally
adding she's working on finding help for those impacted, saying she's working
to pass legislation to provide direct payments to those losing their paychecks
as a result, including small business owners.
"The complexity
of how this is affecting people are vast," she added. "This is
unprecedented, and we want to get cash to people and small businesses as
quickly as possible in order to keep them afloat while we work through this.”
“ I know there’s a
lot of fear and anxiety and I will do everything in my power as your center to
help Arizona pull through this but this is in all of a society all of America
all of Arizona approach to this… We are working very quickly to provide
significant resources to Arizona and across the state for workers and
families.”
U.S. Treasury Secretary Steven Mnuchin told Republican Senators the U.S. Unemployment Rate could hit 20% as the spread of COVID-19 continues to plague the country, without government intervention.
U.S. Treasury Secretary Steven Mnuchin told Republican Senators the U.S. Unemployment Rate could hit 20% as the spread of COVID-19 continues to plague the country, without government intervention.
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