Your Thoughts Matter
Since the turn of the New Year, governments worldwide — including in the U.S. — have curtailed civil liberties in response to the coronavirus pandemic. The essential American right of free assembly, for example, has been restricted across much of the country.
Across the political divide, a majority of U.S. residents don’t think their states should reopen their economies yet, according to the results of a new national survey gauging public opinion on a wide range of topics related to COVID-19.
It’s no surprise that consumer spending in the U.S. fell off a cliff in March. That’s when bars, concert halls, movie theaters and other nonessential businesses across much of the country shuttered to try to stem the spread of the new coronavirus.
In a new National Bureau of Economic Research working paper, researchers surveyed nearly 900 Italian residents to explore what happens when expectations are shattered about how long social distancing measures, like self-isolation, would last. Participants were less willing to do more self-isolating when told that social distancing time frames would run much longer or shorter than they anticipated.
This article was updated on April 3 to reflect the employment situation summary released that day.