Visit nationalclub.org/coronavirus for more information Economics, Government Relations and the Club Community May 21, 2020 Presented by Congressman Dan Kildee (D-Mich.), Chief Deputy Whip, U.S. House of Representatives Curtis Dubay, Lead Economist U.S. Chamber of Commerce Terra S.H. Waldron, CCM, CCE, ECM, Chair, National Club Association and Chief Operating Officer, Greensboro Country Club Moderated by Joe Trauger , VP of Government Relations, National Club Association
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Economics, Government Relations and the Club Community · Economics, Government Relations and the Club Community May 21, 2020 Presented by Congressman Dan Kildee (D-Mich.), Chief
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Visit nationalclub.org/coronavirus for more information
Economics, Government Relations and the Club Community
May 21, 2020
Presented byCongressman Dan Kildee (D-Mich.), Chief Deputy Whip, U.S. House of RepresentativesCurtis Dubay, Lead Economist U.S. Chamber of CommerceTerra S.H. Waldron, CCM, CCE, ECM, Chair, National Club Association and Chief Operating Officer, Greensboro Country Club
Moderated by Joe Trauger, VP of Government Relations, National Club Association
Visit nationalclub.org/coronavirus for more information
Henry Wallmeyer
President and CEONational Club Association
nationalclub.org/coronavirus
Visit nationalclub.org/coronavirus for more information
Joe Trauger
Vice President of Government RelationsNational Club Association
Visit nationalclub.org/coronavirus for more information
Congressman Dan Kildee
Chief Deputy Whip of the House Democratic Caucus U.S. House of RepresentativesMichigan's 5th Congressional District
Visit nationalclub.org/coronavirus for more information
Curtis Dubay
Lead Economist U.S. Chamber of Commerce
Curtis Dubay
Senior Economist, U.S. Chamber of Commerce
May 2020
282,000
3,307,000
6,867,000 6,615,000
5,237,000
4,442,000
3,867,000
3,176,000 2,981,000
100,000
1,100,000
2,100,000
3,100,000
4,100,000
5,100,000
6,100,000
Week ofMarch 14
Week ofMarch 21
Week ofMarch 28
Week ofApril 4
Week ofApril 11
Week ofApril 18
Week ofApril 25
Week ofMay 2
Week ofMay 9
Historically High Unemployment Insurance Claims Continue - But are Declining
1.1%
3.1%
2.0% 2.1% 2.1%
-4.8%-5.0%
-4.0%
-3.0%
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020
Economic Growth Fell Steeply in the First Quarter
-30.0%
-39.6% -39.0% -40.0%-38.0%
-32.0%
-22.3%
-34.4%
-40.0%
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
B of A CBO Goldman Sachs J.P. Morgan Morgan StanleyOxford
Economics Wells Fargo Average
Second Quarter Contraction Will Be Steep
2.1%
-4.8%
-34.4%
19.9%
7.7%
-5.1%
2.3%
-35.0%
-25.0%
-15.0%
-5.0%
5.0%
15.0%
2019 Q4 Q1 Q2 Q3 Q4 2020 Annual 2021 Annual
U.S. Economic Growth will Contract Sharply in First Half of 2020