The Morning Dispatch: Grim News on the Economy
Happy Friday. We don’t know when this thing will be over, but we’re one week closer to the end of it. Let’s do the news.
Quick Hits: Today’s Top Stories
As of Thursday night, there are now 245,213 confirmed cases of COVID-19 in the United States (a 13.3 percent increase from yesterday) and 5,983 deaths (a 16.9 percent increase from yesterday), according to the Johns Hopkins University COVID-19 Dashboard, leading to a mortality rate among confirmed cases of 2.4 percent (the true mortality rate is difficult to calculate due to incomplete testing regimens). Of 1,267,658 coronavirus tests conducted in the United States, 18.9 percent have come back positive, per the COVID Tracking Project, a separate dataset with slightly different topline numbers.
During the final week of March, 6.6 million workers filed for unemployment benefits, doubling last week’s 3.3 million claims, which was also an all-time high. Nearly 10 million workers have filed for unemployment insurance in the last two weeks alone.
The Democratic National Convention has been postponed by a month and will now take place the week of August 17. It’s possible that the convention will have a different format from years past in order to lower coronavirus risks.