The coronavirus had brought drastic changes in medicine, culture, well-being, status as well as the economic being of each individual. The urgent lockdown had brought down the establishments and oligarchies in pause. In April, The US economy fell downside as the national shutdown was executed in accordance with the global lockdown and safety precautions, with a measure of the nation’s economic activity went down to its worst reading in 50 years as the Federal Reserve Bank of Chicago began its tracking in the year of 1967. According to the data released on Tuesday, the Chicago Fed National Activity Index was minus 16.74 last month, down from a downwardly revised minus 4.97 level in March
The index is derived from four categories made of 85 economic. They are production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories. On the data for the month of April, index’s three-month moving average fell to minus 7.22 from minus 1.69 in March. However, a three-month average falling below minus 0.70, according to the Chicago Fed. Hence, economic expansion will be stirred.
One in four American workers filed for jobless benefits in the last 10 weeks, according to the Labor Department. ,” Fitch Ratings chief economist Brian Coulton said in a report, “and while economic growth has edged up slightly in the past two weeks, “the return to economic normality is likely to be a slow and bumpy process”
“Pre-virus levels of GDP are unlikely to be reached until mid-2022 in the U.S. and significantly later in Europe. This is despite massive policy stimulus,” Coulton added.
In late July, a massive job reassignment to the thousands of U.S. Citizenship and Immigration Services employees will lay-off. While the government agency will receive more than a billion dollars in emergency funds from Congress to overlook with the nation’s legal immigration system and response to the contingent approach. A spokesperson for USCIS confirmed the uproar, but didn’t approved or to say how many employees and which offices would be at stake.
On Tuesday , USCIS employees was informed by the agency that approximately 10,800 bargaining employees could face furloughs, which would last for more than 30 days, according to a letter obtained by CBS News. USCIS which relies on the congressional action could be discharged “a portion” of its employees starting on July 20, the agency’s deputy director for policy, Joseph Edlow, said in a message to staffers Tuesday afternoon.
He has been communicating and negotiating to lawmakers and their staff about the agency’s “dramatic decrease” in revenue during the coronavirus pandemic said in his message to employees, which was recorded by the CBS New. And with enthusiasm Edlow added that he hopes members of Congress “will respond to our request favorably as soon as possible to ensure uninterrupted agency operations.”
“The coronavirus pandemic has had a significant impact on our agency’s financial outlook,” a top USCIS official wrote in the letter to Danielle Spooner, president of the national union for agency employees. “Since the declaration of the national emergency, application and petition receipts dropped to half their previous levels and with them, agency revenue that keeps our doors open.”
USCIS have proposed to Congress for $1.2 billion in funds over two years, given the fact of abrupt changes drop in benefit applications during the pandemic. Hence, USCIS have to return the funds to the U.S. Treasury Department. On the other hand, 10 percent surcharges of immigration petitions are required.
According to the letter sent to the president of the national USCIS union, the agency is hoping to use $571.12 million in funds for payroll, rent, office contracts, fingerprint and background check processing and IT services during the remainder of fiscal year 2020. And to wit, in the beginning of year 2021, about $650 million, would be used to ensure “sufficient resources are available” .
USCIS offices were closed to the public and the grant of work permits, green cards, asylum requests and other immigration benefits for non-citizens are being compromised. Processing activities such as biometric gathering, in-person interviews and most naturalization ceremonies for those seeking to become U.S. citizens were also curtailed.
USCIS agency officials said, applications will continue to fall by about 61% through September. Indeed, the agency is expected to run out of funding by the end of the summer, added by the agency officials. USCIS said it has already limited spending to salary and “mission-critical” operations.