US Fed Economic Report Re-expansion due to re-expansion of corona infection also causes suspension of work and dismissal of employees at 16:51 on July 16

The Federal Reserve Board of the United States has released the latest economic report summarizing the economic situation in each region of the United States, and the store is closed again and employees are hired against the backdrop of the re-infection of the new coronavirus. Cases of dismissal have been reported.

On the 15th, the Fed released its latest economic report, called the "Beige Book," compiled by the 12 regional federal banks in the United States.

According to the analysis, although the consumption of automobiles etc. increased in almost all regions due to the resumption of economic activity, the overall economy is far below the level before the new coronavirus infection spread.

According to reports from each region, the number of people who have been infected with the virus has re-expanded since last month, and there is a series of closures of stores in the Midwest and western states.

In addition, it has been reported recently that employees have been dismissed, and the toy makers in the eastern region under the jurisdiction of the Boston Fed are planning to make a drastic reduction in the number of employees unless sales recover by August. about it.

In addition, there are reports from each region that employees are being hired as little as possible and that salaries are being cut.

The US economy is thought to have come out of its worst stage due to the gradual resumption of economic activity, but there is an increasing view that the level of recovery will be weaker than initially expected.