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Federal Reserve Bank of Cleveland: PPP Loans & State-Level Employment Growth
November 22, 2021
CLEVELAND, Ohio, Nov. 22 -- The Federal Reserve Bank of Cleveland issued the following economic commentary by Senior Research Economist Murat Tasci, Research Analyst Bezankeng Njinju and Research Analyst Hana Braitsch:

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In this Economic Commentary, we focus on the first round of Paycheck Protection Program (PPP) loans granted beginning in March 2020 until early August 2020, when turbulence in the labor market was pronounced, in order to demonstrate the PPP's e . . .

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