More than 1 billion workers face ‘drastic’ hit from virus
With factories, schools and shops shuttered around the world, lockdowns, pay cuts and layoffs are affecting 38% of the global workforce.
Layoffs
Hiring freezes are an underrated threat to the economy
During recessions, not only do layoffs accelerate, but hiring drops sharply, exacerbating the labor market weakness.
U.S. jobless claims jump to 3.28 million, quadruple prior record
“This morning’s data leaves no doubt that the economy is currently in a recession,” said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.
Digital jobs will insulate some U.S. areas from pandemic shock
Locales with high concentrations of jobs in industries such as retail and health care could see as much as a 4% decline in their annual growth rate if the shutdowns last just a month.
WFH USA. It’s the end of the (working) world as we know it
Employers are dealing with seismic changes in the new workplace normal of entire WFH staffs, stressed-out workers — and layoffs ahead. Welcome to Remote America.
Higher hourly pay may not help fix poverty
A $15/hour federal minimum wage would backfire, according to recent findings from the Competitive Enterprise Institute.
By
Ingrid Case
