Andrew Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State. Bagley says the expected V-shaped recovery now looks more like a W with damage from the virus — like job losses — worse than initially thought. "The criteria to re-open would require an awful lot of testing and contact tracing, neither of which we are very far along on," he said. "So those things are kind of troubling."
April 16, 2020
ECONOMIC DEVELOPMENT & COMPETITIVENESS
‘Nerve-Racking’: Unemployment Continues to Worsen in Massachusetts
Andrew Bagley with the Massachusetts Taxpayers Foundation says the organization predicts an ultimate 18% unemployment rate in the Bay State. Bagley says the expected V-shaped recovery now looks more like a W with damage from the virus — like job losses — worse than initially thought. "The criteria to re-open would require an awful lot of testing and contact tracing, neither of which we are very far along on," he said. "So those things are kind of troubling."
