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      "text": "The macroeconomic impact of COVID-19 could exceed anything since the end of WWII.",
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      "text": "unemployment: 57 million",
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      "text": "There are a number of examples of internal actions state leaders may consider to prepare to effectively implement federal relief and fiscal recovery efforts. States may consider taking several potential actions to prepare for effective implementation of federal relief and fiscal recovery efforts. State officials can execute \"Day 1\" possible actions, from coordinating with federal agencies to preparing operations, that will provide a roadmap for leading the state through the crisis.",
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      "text": "Leaders can consider several economic intervention strategies in the near and long term to address the economic challenges faced by the state's people and businesses. Four potential types of economic intervention efforts may be considered during different stages of the crisis. Leaders can consider immediate efforts to stabilize and provide relief to people and businesses.",
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      "text": "Small businesses may feel the effects most deeply and benefit from targeted relief efforts. More than a third of vulnerable jobs across the United States may be in small businesses. With a median of only 27 cash buffer days, the typical small business has a low margin of error in unexpected economic shocks. Leaders may consider immediate actions for small businesses to provide relief.",
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      "text": "The COVID-19 epidemic will likely continue to put significant pressure on each state's economy, people, and businesses. The macroeconomic impact of COVID-19 could exceed anything since the end of WWII. Unemployment across the United States is expected to rise, with an estimated 57 million jobs (38% of total employment) potentially at risk. Low income workers may also be disproportionately affected, with an estimated 74% of job losses hitting workers earning below $40,000 a year.",
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      "text": "1. Source: McKinsey vulnerable occupations analysis (sources are LaborCUBE, BLS Occupational Employment Statistics, Moody's Analytics, McKinsey Global Institute analysis) 2. Source: \"Cash is King: Flows, Balances, and Buffer Days. Evidence from 600,000 Small Businesses.\" JP Morgan Chase & Co Institute. September 2016.",
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      "text": "Safeguard our livelihoods: Assessing and responding to the economic impact of the crisis",
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