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Eric Morath: When I was talking to people, they were like, "Yeah, I'm kind of skeptical about this. I'm uncomfortable going on the record for this story yet. Why don't you give me a call back in two or three weeks?"Eric Morath: I went to my editors and I was like, "Yeah, that story's dead in the water."
Eric Morath: And so that was a really positive moment for the economy. And that raised expectations that we could get very near a full recovery of the 22 million jobs we lost in March and April of 2020, perhaps by the end of this year.Eric Morath: Absolutely. Yeah. New York and California were two states that had significant restrictions on economic activity, or limiting the number of people that could be in a dining room, for example. Those all fell off in June.
Kate Linebaugh: The Delta variant is about twice as contagious as other COVID strains. And it's driven up infections and hospitalizations around the country, and caused businesses to pause their reopening plans. So by early August, economists started doubting their rosy predictions for the fall. Kate Linebaugh: And it started to become very clear to Greeson that the Delta variant was going to hurt his business's recovery.
Kate Linebaugh: One of the first places to feel that economic change was Hawaii. The pandemic had decimated travel and tourism, dealing a heavy blow to the state's economy.
EricMorath thanks
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