FILE PHOTO: A"We're Hiring" sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco Bello
“I am concerned that we are seeing a second round of private sector layoffs that, coupled with a rising number of public sector cut backs is driving up the number of people unemployed,” said Joel Naroff, chief economist at Naroff Economics in Holland, Pennsylvania. The number has fallen steadily since hitting a record 6.867 million in late March, but have not registered below 2 million since mid-March. State governors have requested $500 billion to help cover public health expenses and lost tax revenues, underscoring the devastating impact of COVID-19 on the economy.
The Federal Reserve’s Beige Book on Wednesday, comprising anecdotal information on business activity from contacts nationwide on or before May 18, was equally grim. Its depiction of the labor market said “employment continued to decrease in all districts” and “continued to fall sharply in retail and in leisure and hospitality sectors.”
The PUA program is for gig workers and many others who do not qualify for regular unemployment insurance. They, however, must first file for state benefits and be denied in order to get federal aid for coronavirus-related job and income losses.
FYI: I'm not economist. It's the number of people filled for jobless claims. It's not the official jobless number. It indicates the direction the market may head in. But if companies keep up the hiring pace and consumer confidence increases back to previous levels we...
Wtf is going on?
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Why Creating the Post-COVID New Normal Is a Job for IndividualsTwitter and the culture war and Trump distort the debate over reopening beyond recognition. But staying safe while getting back to ordinary life is a matter of people making good decisions based on science and common sense.
Source: VanityFair - 🏆 391. / 55 Read more »
Americas will be hardest hit by COVID-19 job losses :ILOThe Americas will bear the brunt of an estimated 305 million job losses that the COVID-19 pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday. Are you kidding ? Americas are mostly service jobs which are hit the hardest in a pandemic. Según las estadísticas son negros y latinos los que han puesto la mayoría de los muertos. Tal vez por eso la indiferencia y el silencio de los blancos.
Source: Reuters - 🏆 2. / 97 Read more »
New Rochelle, N.Y., once a COVID-19 hot spot, will start to reopenNew Rochelle in New York, the state’s original coronavirus hot spot that was placed into a “containment zone” before the rest of the state went into lockdown, is opening back up. OPEN UP AMERICA--AN AMERICAN DEMAND
Source: NBCNews - 🏆 10. / 86 Read more »
Researchers Outside Medicine Have a New Focus: Covid-19Engineers, physicists, volcanologists and others who never dreamed they would work on a deadly pandemic are now part of the global effort to understand and contain the coronavirus. Doing the work that actually matters while politicians destroy our livelyhood. So glad when I hear there is any global effort against the virus. Living in America right now makes me feel disconnected from these efforts. Good luck containing 'people' because that is what one would have to do.. The obvious best fix is a vaccination.. It amazes me that people who are asked to stay home complain about liberties lost.. Imagine if you were drafted, judged by your skills with the lesser being upfront..
Source: WSJ - 🏆 98. / 63 Read more »
China reports one new mainland COVID-19 cases vs seven a day earlierChina reported 1 new confirmed coronavirus case in the mainland as of end-May 26, up from 7 a day earlier, the National Health Commission reported. 😂 lie 🤣🤣🤣🤣🤣FuCCP. Uh huh.
Source: Reuters - 🏆 2. / 97 Read more »
100,000 Americans died from COVID-19, the size of Edison, New Jersey - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yes, 100,00 people have dying is a tragedy. Thankfully, the medical industry has learned how not to make matters even worse, and survival rates are improving. But I am becoming numb to the numbers. People like McConnell, Barr, Hannity and Trump need to experience this illness. In politician'eyes 100,000 is only a number, or US fed goverment' victory.
Source: BusinessInsider - 🏆 729. / 51 Read more »