Closing every school in America because of the coronavirus would cost the US economy $51 billion a month

• Schools across the country are shutting down to stem the outbreak of the novel coronavirus.
• But if every school in the US closed for a month, it would cost the economy $51 billion, according to new analysis.
• That's because countless parents would have to miss work to care for their children, reducing the labor force, according to an NYU epidemiology professor.
• View more episodes of Business Insider Today on Facebook.

The majority of US states have ordered the closure of public schools to stem the outbreak of the coronavirus.

While many consider the closing of schools critical for public safety, the rare decision is certain to have far-reaching economic implications.

In fact, if every school in America were to close its doors, it would cost the economy $51.1 billion a month, according to analysis released last week.

See the rest of the story at Business Insider

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