BY THE NUMBERS
Number of Statewide Cases: 26,053 (+580)
Marion County Cases: 7,793 (+90)
Hamilton County Cases: 968 (+8) Johnson County Cases: 952
US Cases: 1.39M Global Cases: 4.4M
Number of Statewide Deaths: 1,508 (+26) Number of Marion County Deaths: 451 (+11) US Deaths: 84,313 (+1,765)
Global Deaths: 298,392 (+4,878)
Number of new Hoosiers Filing for Unemployment: 30,691 as of 5/14/20
SBA Further Extends PPP Repayment Safe Harbor Date from May 14, 2020 to May 18, 2020
The US Department of Treasury/Small Business Administration (SBA) has extended a key safe harbor date for Paycheck Protection Program (PPP) loans from May 14, 2020 to May 18, 2020. The SBA issued a new FAQ, which gives borrowers a few extra days to review and consider the new guidance it issued yesterday in the form of FAQ 46 relating to how it will review and audit a PPP’s certification that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.” A summary of yesterday’s guidance can be found here. Borrowers now have until May 18, 2020 to repay in full a PPP loan and take advantage of the safe harbor in the SBA’s prior guidance contained in FAQs 31, 37 and 43, which together provide that a borrower who returns its loan proceeds in full by that date will be deemed to have made the certification in good faith.
3 Million Americans Filed Jobless Claims Last Week, Pushing Eight-Week Total to 36.5 Million
Roughly 3 million people filed for unemployment benefits last week, the Labor Department reported Thursday, as the coronavirus pandemic continued to unleash widespread economic havoc on an already depleted U.S. workforce. The new applications for aid contribute to the total 36.5 million workers that have sought to receive weekly unemployment checks in the past eight weeks, according to the new federal data, erasing years of economic gains and threatening lasting devastation to the country that rivals even the Great Depression. The flood of new claims could further inflame tensions between President Trump and public-health officials over how quickly to try to restart parts of the economy, with Trump on Thursday alleging without evidence that some Democrats are trying to slow the process to hurt him politically.
But many Democrats have said the White House is trying to rush states to reopen without an adequate plan to curtail the further spread of the coronavirus. House Democrats are set to vote Friday on a roughly $3 trillion spending bill that they say would aim to boost job creation and prevent more job losses, in part by helping state budgets and sending Americans more stimulus checks. Once again, the federal unemployment data illustrates the wide-ranging economic consequences of the coronavirus pandemic, which has spared no state or industry. Connecticut, for example, witnessed a more than 700 percent increase in applications for jobless aid, after nearly 300,000 filed for benefits in the week ending May 9, the data shows.
US Chamber Releases Small Business Reopening Playbook
Click here to view the U.S. Chamber's new Small Business Reopening Playbook which provides in-depth information and resources for you and your members as you plan and prepare to reopen and get back to work.
Considering that reopening strategies will largely depend on the state and business type, this guide has consolidated federal, state, and local guidelines, industry-specific resources, insights and strategies from leading experts, and more.
Guides and Resources from the U.S. Chamber
The U.S. Chamber continues to create, update, and evolve its various guides and resources to continue bringing you and your members the information you need during this difficult time. We encourage you to continue utilizing and sharing the following items as you see fit:
- Main Street Lending Program Guide
- State-by-State Business Reopening Guidance
- Backgrounder on Health Coverage Options
- Backgrounder on Unemployment Insurance Under the CARES Act
- Independent Contractor’s Guide to CARES Act Relief
- Coronavirus Emergency Loans Small Business Guide and Checklist
- Temporary Paid Leave and Family Medical Leave Guide
- Economic Injury Disaster Loan (EIDL) Program Guide
- Employee Retention Tax Credit Guide
- Coronavirus Small Business Guide
Another 3M File Unemployment Claims, Including 30,691 in Indiana
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions. Roughly 36 million people have now filed for jobless aid in the two months since the coronavirus first forced millions of businesses to close their doors and shrink their workforces, the Labor Department said Thursday.
In Indiana, 30,691 people filed initial unemployment claims in the week ended May 9. That’s down from 42,290 the previous week. Prior to the pandemic, the state was typically seeing fewer than 3,000 claims per week. A total of 294,767 people were receiving unemployment benefits in Indiana as of May 2, the Labor Department said. Indiana said that 68,835 people began receiving Pandemic Unemployment Assistance in the week ended May 9. PUA provides up to 39 weeks of unemployment benefits to individuals not eligible for regular unemployment compensation or extended benefits. Those include the self-employed, independent contractors, gig economy workers and workers for certain religious entities.
Nationally, the number of first-time applications for unemployment has now declined for six straight weeks, suggesting that a dwindling number of companies are reducing their payrolls. By historical standards, though, the latest tally shows that the number of weekly jobless claims remains enormous, reflecting an economy that is sinking into a severe downturn. Last week’s pace of new applications for aid is still four times the record high that prevailed before the coronavirus struck hard in March. Jobless workers in some states are still reporting difficulty applying for or receiving benefits. These include freelance, gig and self-employed workers, who became newly eligible for jobless aid this year.
Indiana Manufacturers Association Launches PPE Listing Site
The Indiana Manufacturers Association is trying to help connect companies to personal protective equipment suppliers. The organization has created an online listing where manufacturers can search for specific items, such as face shields, hand sanitizer and gloves. Manufacturers can also submit information in order to be listed as a supplier on the website. The listing is free to use, for members and non-members of the association. It can be found here.
Links to all executive orders may be found here: https://www.in.gov/gov/2384.htm
Link to the Stay-At-Home Order FAQ may be found here: https://www.in.gov/gov/3232.htm
More information may be found at the ISDH website at in.gov/coronavirus/ and the CDC website at https://www.cdc.gov/coronavirus/2019-ncov/index.html.