The ugly truth about millions of American jobs: They are not coming back

1
‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2020/07/02/june-jobs-report.cnn-business’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘const-article-carousel-pagetop’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”US economy added 4.8 million jobs in June “,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/02/june-jobs-report.cnn-business/index.xml”,”videoId”:”business/2020/07/02/june-jobs-report.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/02/june-jobs-report.cnn-business/video/playlists/business-economy/”,”description”:”The reopening of the US is easing the burden on America’s stressed labor market, but the economy remains in a deep recession. CNN’s Christine Romans reports.”,”descriptionText”:”The reopening of the US is easing the burden on America’s stressed labor market, but the economy remains in a deep recession. CNN’s Christine Romans reports.”},{“title”:”Andrew Yang: Stimulus money should go to families, not companies”,”duration”:”03:07″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn/index.xml”,”videoId”:”business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200702160439-andrew-yang-qmb-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn/video/playlists/business-economy/”,”description”:”Former Democratic presidential candidate Andrew Yang argues that Congress needs to provide emergency cash to millions of Americans struggling during the pandemic.”,”descriptionText”:”Former Democratic presidential candidate Andrew Yang argues that Congress needs to provide emergency cash to millions of Americans struggling during the pandemic.”},{“title”:”Paycheck Protection Program stops issuing new loans”,”duration”:”03:07″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn/index.xml”,”videoId”:”business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623075904-white-house-0427-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans. CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “,”descriptionText”:”The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans. CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “},{“title”:”IMF lowers global GDP forecast for 2020″,”duration”:”02:10″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/24/imf-economic-outlook.cnn-business/index.xml”,”videoId”:”business/2020/06/24/imf-economic-outlook.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623112739-mexico-city-market-0622-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/24/imf-economic-outlook.cnn-business/video/playlists/business-economy/”,”description”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “,”descriptionText”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “},{“title”:”Fed official: The virus determines the speed of economic recovery”,”duration”:”04:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/index.xml”,”videoId”:”business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623113358-mary-daly-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/video/playlists/business-economy/”,”description”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”,”descriptionText”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”},{“title”:”Why the Covid-19 economy is being called a ‘she-session’ “,”duration”:”01:41″,”sourceName”:”CNN”,”sourceLink”:”cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622100617-women-in-bsuiness-coronavirus-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”,”descriptionText”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”},{“title”:”Fewer Black businesses eligible for pandemic aid”,”duration”:”02:54″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622080946-black-owned-business-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”,”descriptionText”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”},{“title”:”The US is in a recession. Here’s what that means”,”duration”:”01:19″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/index.xml”,”videoId”:”business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200602111037-wall-street-0526-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/video/playlists/business-economy/”,”description”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”,”descriptionText”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”},{“title”:”Indeed Chief Economist explains what industries are actually hiring”,”duration”:”02:13″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business/index.xml”,”videoId”:”business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200603135736-unemployment-jobs-covid-indeed-markets-now-orig-00001507-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business/video/playlists/business-economy/”,”description”:”Jed Kolko, Chief Economists at Indeed, says job postings are down 34% from the same period last year but certain sectors are showing signs of recovery.”,”descriptionText”:”Jed Kolko, Chief Economists at Indeed, says job postings are down 34% from the same period last year but certain sectors are showing signs of recovery.”},{“title”:”All retail bankruptcies are not the same. Here’s what you need to know”,”duration”:”01:55″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/index.xml”,”videoId”:”business/2020/06/01/retail-bankruptcies-explained-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200601175950-retail-bankruptcy-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/video/playlists/business-economy/”,”description”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”,”descriptionText”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”},{“title”:”Neel Kashkari: Real unemployment rate could reach 30%”,”duration”:”04:59″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business/index.xml”,”videoId”:”business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200527110901-neel-kashkari-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business/video/playlists/business-economy/”,”description”:”Minneapolis Federal Reserve President Neel Kashkari tells CNN’s Poppy Harlow “ultimately, we have to solve the virus if we’re going to solve the economy — and there is great uncertainty about where the virus is going.””,”descriptionText”:”Minneapolis Federal Reserve President Neel Kashkari tells CNN’s Poppy Harlow “ultimately, we have to solve the virus if we’re going to solve the economy — and there is great uncertainty about where the virus is going.””},{“title”:”Why some small businesses are forced to opt out of loans”,”duration”:”02:25″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn/index.xml”,”videoId”:”business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200522110804-small-business-owner-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn/video/playlists/business-economy/”,”description”:”The federal government has shifted rules and penalties, forcing some small businesses to return their emergency PPP loans. CNN’s Phil Mattingly reports. “,”descriptionText”:”The federal government has shifted rules and penalties, forcing some small businesses to return their emergency PPP loans. CNN’s Phil Mattingly reports. “},{“title”:”Woman making more off unemployment than when she worked”,”duration”:”02:42″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn/index.xml”,”videoId”:”business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200521201424-kyung-lah-pkg-03-05212020-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”For some people unemployment benefits outweigh what they were being paid before to work. This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “,”descriptionText”:”For some people unemployment benefits outweigh what they were being paid before to work. This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “},{“title”:”America’s housing crisis was already here. Coronavirus made it worse. “,”duration”:”04:54″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/index.xml”,”videoId”:”business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200519195715-housing-crisis-elle-reeve-5-large-169.jpg”,”videoUrl”:”/videos/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/video/playlists/business-economy/”,”description”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”,”descriptionText”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”},{“title”:”Virus cuts off lifeline for many of the world’s poorest”,”duration”:”02:59″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/index.xml”,”videoId”:”business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200515105821-migrant-workers-in-hk-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/video/playlists/business-economy/”,”description”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”,”descriptionText”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//www.i.cdn.cnn.com/.a/2.218.0/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-11qa02i”,’js-video_description-featured-11qa02i’,[{“title”:”US economy added 4.8 million jobs in June “,”duration”:”01:45″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/02/june-jobs-report.cnn-business/index.xml”,”videoId”:”business/2020/07/02/june-jobs-report.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200702081235-01-unemployment-line-kentucky-0619-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/02/june-jobs-report.cnn-business/video/playlists/business-economy/”,”description”:”The reopening of the US is easing the burden on America’s stressed labor market, but the economy remains in a deep recession. CNN’s Christine Romans reports.”,”descriptionText”:”The reopening of the US is easing the burden on America’s stressed labor market, but the economy remains in a deep recession. CNN’s Christine Romans reports.”},{“title”:”Andrew Yang: Stimulus money should go to families, not companies”,”duration”:”03:07″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn/index.xml”,”videoId”:”business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200702160439-andrew-yang-qmb-large-169.jpg”,”videoUrl”:”/videos/business/2020/07/02/andrew-yang-covid-19-stimulus-plan-vpx.cnn/video/playlists/business-economy/”,”description”:”Former Democratic presidential candidate Andrew Yang argues that Congress needs to provide emergency cash to millions of Americans struggling during the pandemic.”,”descriptionText”:”Former Democratic presidential candidate Andrew Yang argues that Congress needs to provide emergency cash to millions of Americans struggling during the pandemic.”},{“title”:”Paycheck Protection Program stops issuing new loans”,”duration”:”03:07″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn/index.xml”,”videoId”:”business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623075904-white-house-0427-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/30/paycheck-protection-program-loans-coronavirus-mattingly-pkg-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans. CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “,”descriptionText”:”The Paycheck Protection Program, a loan program designed to provide financial aid to small businesses during the pandemic, will stop issuing new loans. CNN’s u003ca href=”/profiles/phil-mattingliy-profile” target=”_blank”>Phil Mattinglyu003c/a> looks at how one small business is trying to cope. “},{“title”:”IMF lowers global GDP forecast for 2020″,”duration”:”02:10″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/24/imf-economic-outlook.cnn-business/index.xml”,”videoId”:”business/2020/06/24/imf-economic-outlook.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623112739-mexico-city-market-0622-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/24/imf-economic-outlook.cnn-business/video/playlists/business-economy/”,”description”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “,”descriptionText”:”The International Monetary Fund thinks global GDP will contract by 4.9% this year, downgrading its estimate from April, when output was forecast to shrink by 3%. CNN’s Clare Sebastian reports. “},{“title”:”Fed official: The virus determines the speed of economic recovery”,”duration”:”04:27″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/index.xml”,”videoId”:”business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200623113358-mary-daly-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/23/mary-daly-fed-covid-19-coronavirus-economy.cnn-business/video/playlists/business-economy/”,”description”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”,”descriptionText”:”Mary Daly, the president and CEO of the San Francisco Federal Reserve, discusses the Federal Reserve’s Covid-19 response. She says keeping businesses afloat is a key priority.”},{“title”:”Why the Covid-19 economy is being called a ‘she-session’ “,”duration”:”01:41″,”sourceName”:”CNN”,”sourceLink”:”cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622100617-women-in-bsuiness-coronavirus-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/coronvirus-impact-on-women-in-business-romans-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”,”descriptionText”:”Women in business have been most vulnerable to the economic devastation caused by the coronavirus pandemic. CNN’s Christine Romans explains.”},{“title”:”Fewer Black businesses eligible for pandemic aid”,”duration”:”02:54″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/index.xml”,”videoId”:”business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200622080946-black-owned-business-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/22/black-owned-businesses-economic-recovery-mattingly-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”,”descriptionText”:”Many small businesses are struggling to reopen during the coronavirus pandemic, with Black-owned businesses being hit especially hard. CNN’s Phil Mattingly reports.”},{“title”:”The US is in a recession. Here’s what that means”,”duration”:”01:19″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/index.xml”,”videoId”:”business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200602111037-wall-street-0526-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/09/recession-coronavirus-covid-job-growth-gdp-unemployment-orig.cnn-business/video/playlists/business-economy/”,”description”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”,”descriptionText”:”The longest expansion in American history is over, and the coronavirus recession is officially here. CNN Business’ Christine Romans explains what that means.”},{“title”:”Indeed Chief Economist explains what industries are actually hiring”,”duration”:”02:13″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business/index.xml”,”videoId”:”business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200603135736-unemployment-jobs-covid-indeed-markets-now-orig-00001507-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/03/unemployment-jobs-covid-indeed-markets-now-orig.cnn-business/video/playlists/business-economy/”,”description”:”Jed Kolko, Chief Economists at Indeed, says job postings are down 34% from the same period last year but certain sectors are showing signs of recovery.”,”descriptionText”:”Jed Kolko, Chief Economists at Indeed, says job postings are down 34% from the same period last year but certain sectors are showing signs of recovery.”},{“title”:”All retail bankruptcies are not the same. Here’s what you need to know”,”duration”:”01:55″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/index.xml”,”videoId”:”business/2020/06/01/retail-bankruptcies-explained-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200601175950-retail-bankruptcy-large-169.jpg”,”videoUrl”:”/videos/business/2020/06/01/retail-bankruptcies-explained-orig.cnn/video/playlists/business-economy/”,”description”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”,”descriptionText”:”CNN’s Jon Sarlin explains the difference between reorganization and liquidation when it comes to bankruptcy filings.”},{“title”:”Neel Kashkari: Real unemployment rate could reach 30%”,”duration”:”04:59″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business/index.xml”,”videoId”:”business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200527110901-neel-kashkari-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/27/neel-kashkari-federal-reserve-coronavirus.cnn-business/video/playlists/business-economy/”,”description”:”Minneapolis Federal Reserve President Neel Kashkari tells CNN’s Poppy Harlow “ultimately, we have to solve the virus if we’re going to solve the economy — and there is great uncertainty about where the virus is going.””,”descriptionText”:”Minneapolis Federal Reserve President Neel Kashkari tells CNN’s Poppy Harlow “ultimately, we have to solve the virus if we’re going to solve the economy — and there is great uncertainty about where the virus is going.””},{“title”:”Why some small businesses are forced to opt out of loans”,”duration”:”02:25″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn/index.xml”,”videoId”:”business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200522110804-small-business-owner-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/22/small-businesses-penalties-return-emergency-loans-pkg-mattingly-vpx.cnn/video/playlists/business-economy/”,”description”:”The federal government has shifted rules and penalties, forcing some small businesses to return their emergency PPP loans. CNN’s Phil Mattingly reports. “,”descriptionText”:”The federal government has shifted rules and penalties, forcing some small businesses to return their emergency PPP loans. CNN’s Phil Mattingly reports. “},{“title”:”Woman making more off unemployment than when she worked”,”duration”:”02:42″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn/index.xml”,”videoId”:”business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200521201424-kyung-lah-pkg-03-05212020-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/21/making-more-on-unemployment-coroanvirus-business-lah-ebof-pkg-vpx.cnn/video/playlists/business-economy/”,”description”:”For some people unemployment benefits outweigh what they were being paid before to work. This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “,”descriptionText”:”For some people unemployment benefits outweigh what they were being paid before to work. This is becoming a problem for business owners looking to reopen. CNN’s u003ca href=”https://www.cnn.com/profiles/kyung-lah-profile” target=”_blank”>Kyung Lahu003c/a> reports. “},{“title”:”America’s housing crisis was already here. Coronavirus made it worse. “,”duration”:”04:54″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/index.xml”,”videoId”:”business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200519195715-housing-crisis-elle-reeve-5-large-169.jpg”,”videoUrl”:”/videos/business-videos/2020/05/19/affordable-housing-crisis-coronavirus-sg-orig.cnn/video/playlists/business-economy/”,”description”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”,”descriptionText”:”A group of housing activists are squatting in government buildings in California. It’s an extreme example of what’s going on across the country: people being told to stay at home, in homes they cannot afford.”},{“title”:”Virus cuts off lifeline for many of the world’s poorest”,”duration”:”02:59″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/index.xml”,”videoId”:”business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200515105821-migrant-workers-in-hk-large-169.jpg”,”videoUrl”:”/videos/business/2020/05/15/coronavirus-worlds-poorest-watson-pkg-qmb-intl-hnk-vpx.cnn/video/playlists/business-economy/”,”description”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”,”descriptionText”:”As the Covid-19 pandemic cripples the economy, many migrant workers have lost their jobs. The lifeline for the world’s poorest is being cut off as the unemployed migrant workers are no longer able to send money home. u003ca href=”http://www.cnn.com/profiles/ivan-watson” target=”_blank”>CNN’s Ivan Watsonu003c/a> reports.”}],’js-video_headline-featured-11qa02i’,”,”js-video_source-featured-11qa02i”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length



2020-07-07 06:43:07

Read more from source here…