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Reopening: Too early, or not soon enough?
UPDATED MAY 8 Gov. Ralph Northam is likely to loosen restrictions next Friday on “nonessential” businesses, allowing gyms, spas, theaters, dine-in restaurants and other enterprises to reopen after more than seven weeks, but feelings are mixed about the wisdom of this decision, given that Virginia saw a 36% increase in confirmed and probable COVID-19 cases […]
72k+ Virginians filed jobless claims last week
More than 72,000 Virginians filed initial claims for unemployment last week, according to the Virginia Employment Commission, a decrease of about 10,000 jobless claims from the week prior. “Though the 12.4% decline indicates that the volume of initial claims has retreated from its recent peak, it may not return to pre-pandemic levels for some time,” […]
Central Va. CEOs expect revenues to decline in next six months
A majority of Central Virginia CEOs expect sales revenues to decline during the next six months but don’t expect to significantly reduce their workforces as a result of the economic crisis brought on by the COVID-19 pandemic, according to a follow-up 2020 CEO Economic Outlook Survey released Wednesday by the University of Richmond’s Robins School […]
