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Half of Texans are facing financial hardship due to coronavirus pandemic, survey says

Half of Texans are facing financial hardship due to coronavirus pandemic, survey says

Half of Texans experienced some kind of financial hardship because of the ongoing coronavirus pandemic, a new survey finds.

The survey conducted by the Episcopal Health Foundation highlights how the pandemic affects people across the state from different household incomes, race, whether or not they have health insurance and other factors. Nearly 1,900 Texans were surveyed.

“From being uninsured to not having internet access for online school, Texans say these non-medical factors are not only shaping how they’re dealing with the pandemic, they also could be seriously affecting their future health in many different ways,” said Elena Marks, CEO of Episcopal Health Foundation.

Of the 50% of people who experienced financial hardship, roughly 22% of Texas residents, say they are facing “severe hardship,” the survey said, and about 28% of people are facing “moderate hardship.”

Those with less than $50,000 in household income were more likely to experience financial distress than those making more than $50,000, according to the survey. A third of all people surveyed said someone in their home lost a job, business or had work hours reduced.

Those who are deemed essential workers make up about 34% of Texans, the survey said. About 43% of essential workers are Hispanic, 38% are white, and 10% are Black. According to the survey, those who hold essential jobs are more likely to receive government assistance like food programs and Medicaid, and they are less likely to have health insurance.

Medical care was postponed or skipped altogether by 36% of people since the start of the pandemic, the survey found. Most Texans say their mental health is good, but 46% are worried about how stress related to the pandemic has had a negative impact on their health.

Texas continues to have the highest rate of people in the nation without health

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Greenland Resources Increases Gold License Portfolio and Completes Spectral Analysis Survey

Greenland Resources Increases Gold License Portfolio and Completes Spectral Analysis Survey

Figure 1

Copenhagen Minerals Inc. Exploration Licenses
Copenhagen Minerals Inc. Exploration Licenses
Copenhagen Minerals Inc. Exploration Licenses

Figure 2

Copenhagen Minerals Inc. Prospecting License
Copenhagen Minerals Inc. Prospecting License
Copenhagen Minerals Inc. Prospecting License

TORONTO, Oct. 13, 2020 (GLOBE NEWSWIRE) — Greenland Resources Inc. (“Greenland Resources” or the “Company”) is pleased to announce that the Government of Greenland granted the Company’s fully owned subsidiary Copenhagen Minerals Inc. a new Mineral Exploration license surrounding the Company’s Storø gold project and a new Mineral Prospecting License in west Greenland. In addition, the Company conducted a spectral analysis and synthetic aperture radar survey in the new Mineral Exploration license with very positive results.

Highlights

  1. New exclusive Mineral Exploration License totaling 540km2 surrounding the Company’s Storø gold project for which a maiden Mineral Resource was reported by SRK in 2018 written in accordance with National Instrument 43-101. The Place Name Committee (Grønlands Stednavnenævn) has given the new Exploration License area the name of Qingaaq (Figure 1)

  2. Recent spectral analysis conducted by the Company in Qingaaq identified some eight new Storø gold type signatures, several of which coincide with synthetic aperture radar anomalies which indicate conductive bodies at shallow depths with potential for gold mineralization such as that found at Storø

  3. New non-exclusive Prospecting License covering most of western and southwestern Greenland and totaling one third of Greenland’s total surface area has been approved. This covers prospecting for precious metals, base metals, platinum group metals, and industrial and minor metals, in the west of Greenland (Figure 2)

  4. None of the new and existing Company Mineral Licenses carry any financial cost this year as the Government of Greenland has recently set exploration obligations for year 2020 to zero due to COVID-19.

Figure 1 https://www.globenewswire.com/NewsRoom/AttachmentNg/ac8e3bd4-23cf-4de4-8093-472717e03ccc

Figure 2 https://www.globenewswire.com/NewsRoom/AttachmentNg/195eb184-fade-4c3c-ae2c-68dca2bf1e51

Introduction

The new exploration license Qingaaq covers the Storø Island (236 km2) which contains

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U.S. consumers more optimistic about labor market, Fed survey finds

U.S. consumers more optimistic about labor market, Fed survey finds

(Reuters) – U.S. consumers in September became slightly less worried about losing their jobs and more optimistic about their earnings, though the effects of the economic crisis caused by the coronavirus pandemic lingered, according to a survey released on Tuesday by the New York Federal Reserve.



a large stone statue in a park: FILE PHOTO: The Federal Reserve in Washington


© Reuters/Kevin Lamarque
FILE PHOTO: The Federal Reserve in Washington

The average perceived chance of becoming unemployed over the next year dropped to 16.6% in September from 18% in August but was still well above the pre-pandemic level of 13.8% in February. The drop was driven by an improvement in sentiment among people above age 60 and those with household incomes below $50,000.

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While the U.S. labor market continues to heal from the damage caused by the pandemic, data released by the Labor Department earlier this month shows the recovery is slowing. Nonfarm payrolls increased by 661,000 jobs in September, the smallest gain since the jobs recovery started in May.

The Fed survey suggested that some consumers think the worst of the pain in the labor market has passed. Expectations that the U.S. unemployment rate will be higher in a year dropped to an average 36.4% in September from 39.1% in August.

Consumers reported feeling better about their pay and their ability to spend. The median expectation for household income growth increased to 2.3% in September, up 0.1 percentage point from August but still below the 2019 average of 2.8%. Median expectations for household spending growth increased to 3.4% in September, from 3% in August, reaching the highest level since May 2019.

The survey of consumer expectations is a monthly poll conducted on a rotating panel of 1,300 households.

Median inflation expectations for the next year remained unchanged at 3% at the one-year horizon and expectations for the next three years dropped

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Hungarian consumer confidence worsens for third month in a row -survey

Hungarian consumer confidence worsens for third month in a row -survey

BUDAPEST, Oct 9 (Reuters)Hungarian consumer confidence deteriorated for a third month in a row in October as households turned more pessimistic about their own financial situation, a survey showed on Friday.

Think tank GKI’s consumer sentiment indicator dropped to -34.2 points in October from -31.1 points in September and -29.6 points in August.

GKI said consumer confidence, which plunged by 38 points in April in the midst of the first wave of the coronavirus pandemic, rose by almost 23 points in the May-July period. Then it fell again in August-October as fears of a second wave of the pandemic strengthened.

“The trend is worsening,” GKI said.

GKI said households turned more negative about their own finances in October and their concerns about unemployment have been increasing at an accelerating speed.

However, their opinion about their future ability to save improved slightly in October.

Earlier this week, retail data showed that calendar-adjusted retail sales HURETY=ECI declined by an annual 0.7% in August after a 0.4% growth in July.

On Thursday, Finance Minister Mihaly Varga said Hungary’s economy could return to its early 2019 levels in the first half of 2022, with the recovery from the coronavirus-induced slowdown being slower than previously expected.

(Reporting by Krisztina Than; Editing by Toby Chopra)

((krisztina.than@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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New Survey Finds Nearly Half of Small-Business Owners Don’t See a Need for Physical Stores (Infographic)

New Survey Finds Nearly Half of Small-Business Owners Don’t See a Need for Physical Stores (Infographic)

An August survey of 500 small-business owners found they’re instead focusing on digital sales.

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Despite the challenges of the past seven months, stories of resilience abound as business owners adapt to changing customer demands. Though surveys at the beginning of the pandemic indicated small-business owners thought things might be beyond hope, that’s slowly started to change. 

A survey by website and marketing solutions provider Bluehost released last week asked 500 business owners with fewer than 100 employees how they’ve transitioned online, adapted to ecommerce and adjusted their outlooks on future pain points, obstacles and potential opportunities. Not surprisingly, business owners cited their biggest concerns revolve around securing new customers, the continued economic impact of the pandemic and lower consumer demand. 

Related: Nearly Half of Business Owners Think the Changes They’ve Made During the Crisis Will Be Permanent (Infographic)

Despite those concerns, 72 percent of small-business owners say they’re optimistic, and a similar percentage acknowledge how important a digital presence and ecommerce will be as they adjust to life post-pandemic. Perhaps most surprisingly, those business owners surveyed don’t see a return to brick-and-mortar in their futures: Nearly half (48 percent) say they see no need for a future store, and only 20 percent plan to reopen a physical location in the next year. 

Related: How the Behavior of Job-Seekers Has Changed Since February (Infographic)

Read through the infographic below for more information from the survey. 

Related: According to His Tweets, Bill Gates Is Way More Stressed Out Than Elon Musk (Infographic)

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