Covid-19 on the U.S. economy.The trio said government efforts to close schools and businesses and urge individuals to social distance saved an estimated 33,000 lives in the U.S.
through May 31. Of those, they concluded stay-at-home measures did the most, accounting for half of the resulting drop in contact rates.
School closures explained 28% of the reduction while closures of non-essential businesses accounted for 22%.Meanwhile, the actions put an estimated 3 million people out of work, or 15% of total job losses from the start of the pandemic through May.
Almost half of that damage was caused by businesses closures, 30% by stay-at-home orders and 22% by school closures.“Notably, business closures account for a much larger share of the.