Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization's operating environment.
Even if a vaccine is perfected, the virus is likely to have lasting impacts on dense cities like Philadelphia, especially its high-rise buildings, eateries, retailers, mass transit, colleges, and local governments.
The feds misclassified some responses to the jobless surveys, which led to a huge undercount of those out of work, understating the unemployment rate. The May rate should have been about 16.3% not the 13.3% reported. One response is to seek info from a variety of sources.