UNC Kenan Institute Projects Small Business Layoffs to Quadruple Total U.S. Unemployment Rate
The COVID-19 market disruption has massive implications, specifically on small business employment. Kenan Institute experts project an 11.5 percentage point addition to the overall U.S. unemployment rate by small business layoffs. Our panelists also examined the role relief legislation can and should play in mitigating the economic effects of the pandemic. This briefing features Kenan Institute Research Director and UNC Kenan-Flagler Business School Professor Christian Lundblad, UNC Kenan-Flagler Business School Professor Paige Ouimet and Grant Thornton Chief Public Policy Officer Mary Moore Hamrick.