US airline business is at risk of losing more than 30,000 jobs

US aviation businesses are at risk of losing more than 30,000 jobs if states do not inject money by the Wednesday deadline (Sept. 30). More than 30,000 workers in the US aviation industry are at risk of being laid off starting today. If the new government subsidy is not received by the Wednesday deadline. The US government has previously provided remedies for airlines affected by the Covid-19 outbreak. That amounted to $ 25 billion in March. Although These companies must not lay off employees until Sept. 30.

Several US airline executives met Mark Meadows, Head of the White House Working Group, on Sept. 17, asking the US government to approve a new $ 25 billion grant. To the aviation industry Before the original measures expired at the end of September.

Treasury Secretary Steven Mnuchin said he would hold new talks with U.S. House of Representatives Nancy Pelosi today about issuing stimulus measures to heal affected people and businesses. From the spread of the Covid-19 virus He is hopeful that he can reach an agreement with Pelosi to issue a new round of stimulus measures. This will include a new grant of $ 25 billion to the aviation industry.

The US economic slump in the second quarter was affected by the government's lockdown. This caused the economy to shut down to control the spread of the Covid-19 virus. Earlier, the US economy contracted 5% in Q1, the first time the United States released a negative GDP figure. Since the economy was reported to shrink 1.1% in Q1 of 2014. However, analysts predicted that The US economy will grow 30% in Q3 / 2020 as the government resumes. And resulted in millions more jobs.

If the US economy grows 30% in the third quarter of 2020, as analysts expect. This would break the previous record of 16.7% in the first quarter of 1950. The Commerce Department will release the 1st estimate for Q3 / 2020 GDP figures on Oct. 29, just five days before the US presidential election on Nov. 3. It came out as strong as expected. It will benefit President Donald. Trump in another term of the White House. Last year, the US economy grew 3.1% in Q1 and 2.0% in Q2, while growing 2.1% in both the third and fourth quarters.

In addition, the U.S. economy grew 2.3 percent in 2019, the lowest in three years, below 2.9 percent in 2018 and 2.4 percent in 2017, the first year in office for President Donald Trump. Trump as he targets an annual growth of the U.S. economy of at least 3% during his four-year tenure.