July 30, 2020 Press Releases

U.S. Has Worst Quarter Since World War II, Arizona Economy Limps On While Trump Looks The Other Way

For Immediate Release
Thursday, July 30, 2020
Contact: Matt Grodsky, mgrodsky@azdem.org

Release: U.S. Has Worst Quarter Since World War II,
Arizona Economy Limps On While Trump Looks The Other Way

PHOENIX – Despite the Trump Administration’s denial of the economic recession, the country awoke today to the news that the U.S. economy suffered the worst quarter since World War Two as GDP shrank by 32.9%

No one understands the economic calamity on our hands better than struggling Arizonans. Weekly unemployment numbers in Arizona jumped by 19,000 first-time claims last week to 289,000 first-time filers. The number of continuing claims is also continuing to hover near three million.

And new reports indicate that Arizona’s economy lost between $1 billion and $1.9 billion in stimulus funding because the state’s unemployment system kept people from accessing the weekly $600 payments.

“With 96 days to go until election day, Arizonans have a choice to make,” said Matt Grodsky Arizona Democratic Party spokesman, “Double down on an aimless President who surrendered to the pandemic and economic fallout or elect a new President with a real economic recovery plan and the experience to get it done. Arizonans will choose Vice President Biden.”