University of Michigan economist Gabe Ehrlich predicts Michigan will almost fully recover the 1 million-plus jobs lost during the pandemic by the end of next year but “high inflation is part of the price we’re paying for a fast recovery.”
Stimulus payments
Stimulus payments, unemployment, and other forms of governmental assistance helped ease the burden of a worldwide pandemic, according to experts.
The U.S. Treasury Department and Internal Revenue Service (IRS) have made two online tools available to help Americans set to receive coronavirus stimulus payments.