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New evidence shows that the pandemic’s effects have largely not—or at least not yet—translated into dramatically higher delinquencies or defaults among small businesses.
The Selma-Times Journal sign
Many businesses overlooked or excluded from PPP funds, such as local newspapers, still need assistance to weather their pandemic-related shortfalls.
Sign for a restaurant that permanently closed
New data expose how the unique vulnerabilities of certain industries and workers have affected the economy in unprecedented ways.
Store sign advertises sale
New shocks that are not already baked into last week’s report could mean more trouble ahead.
Man plays table games at a casino during COVID-19
Examining the ups and downs helps us understand not only how bad the economic effects of the pandemic have been over the past five months, but how much worse they may get.
Adding money to a program with well-understood shortcomings risks deploying federal resources in a way that could even worsen economic inequality.
Compare the trajectory of unemployment rates, employment totals (private and public), and earnings across states and time.
To efficiently use increased housing and community development funding for COVID-19 relief efforts, communities need a willing and flexible partner in HUD.
It is important that the stimulus package includes not only forgivable loans, but also forms of cash assistance.
A “service sector recession” could cut much deeper than normal downturns.

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Updates from the Urban Institute

Urban Wire Writers