Economy

August 4, 2020 by Sean O'Leary
What Does West Virginia’s Revenue Picture Tell Us About the Economy?

Yesterday, Governor Justice held a press conference to provide an update on the state's fiscal situation at the start of the 2021 fiscal year (FY) and the ongoing impact of the COVID-19 pandemic. According to the governor, West Virginia is starting FY 2021 with a $243.9 million surplus, and ended FY 2020 with a $23…

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July 16, 2020 by Sean O'Leary
Letting Enhanced Unemployment Benefits Expire Would Create Hardship for Families and Hurt West Virginia’s Economy

Since the end of March, when unemployed West Virginians began receiving Pandemic Unemployment Compensation (PUC) payments – the $600 per week enhancement to unemployment benefits that were part of the CARES Act – West Virginia has received at least $753 million through the federally funded program. However, that aid is set to expire at the…

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June 2, 2020 by Sean O'Leary
The CARES Act is Keeping the Economy Afloat, But for How Long?

April was one of the ugliest months for jobs and the economy in history, both nationally and here in West Virginia. The national unemployment rate increased by 10.3 percentage points, with all 50 states experiencing an increase. West Virginia's unemployment rate rose to 15.3%, while the state lost over 90,000 jobs. Yet despite the fact…

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