Economics

The Paycheck Protection Program has helped some, but Professor of Economics Dennis Hoffman says the PPP loans could have been more targeted to help those most in need.

Professor of Economics Dennis Hoffman looks at the Paycheck Protection Program as the way the government chose to get as much money out as possible as quickly as possible.

Professor of Economics Dennis Hoffman says the $4,000 tax credit proposed this week by Sen. Martha McSally, R-Ariz., won’t persuade those who feel unsafe to travel. But given the measure’s extended time frame through Jan. 1, 2022, he sees merit in the concept.

According to the latest numbers from the U.S. Bureau of Labor Statistics, the Valley posted one of the steepest unemployment drops in the country in May.

While the United States labor market showed improvements in June, it's only scratching the surface of the 22 million jobs lost from the COVID-19 pandemic.