White House, Democrats aim for virus relief deal by end of week
The White House and Democrats aim to strike a deal on virus-relief legislation by the end of the week 一 even though the two sides remain far apart on some key issues.
Mortgages
California lockdown’s job losses spell trouble for the nation
The renewed job losses in California might have a preliminary impact in the July U.S. jobs report due Friday 一 and an even bigger effect in August. Analysts are expecting a sharp slowing of job gains, with payrolls projected to have risen 1.5 million in July following 4.8 million in June.
Benefits Think 3 ways to use the direct-to-consumer movement in your employee benefits strategy
In a time with so much uncertainty and so many new challenges, employers must be thinking outside the box to keep employees happy — and DTC-inspired benefits are the easiest way to pack a big punch.
Jordan Peace
Fringe
Jobs are being wiped out at airlines, and there’s worse to come
The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash.
So you’re afraid you’ll get laid off. Here’s how to prepare
An avalanche of layoffs has been moving across the global corporate landscape, in almost every industry, as businesses assess their long-term strategy in a post-pandemic world. Prepping yourself to play head games is one strategy to try if you worry your job might be next.
Disabled workers, already in a tough spot, now have it worse
For America’s almost 30 million working-age disabled citizens, the large majority of job opportunities lie in food service, hospitality and retail. But when virus lockdowns brought those sectors to a standstill, workers with disabilities quickly saw their jobs vanish.
Initial jobless claims signal slowing labor-market rebound
Applications for U.S. unemployment benefits posted the smallest weekly decline since March after coronavirus cases surged and reopenings paused or reversed across the South and West.
Biden crafts jobs plan as he tries to negate a rare Trump edge
The former vice president’s plan is divided into four areas: a push to buy American and create manufacturing jobs; building infrastructure and clean energy; advancing racial equity; and modernizing the “caring” economy such as child-care and elder-care workers and domestic aides.
U.S. initial jobless claims fall, ease worry of worsening market
Initial jobless claims in regular state programs fell by 99,000 一 the most in a month 一 to 1.31 million in the week ended July 4, Labor Department data showed Thursday.
Exclusive survey Financial services industry struggles to emerge from lockdown
Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.
COVID-19 is turning San Francisco’s inequality gap into a chasm
While many low-income employees in the service sector have been laid off or risk getting sick if they do go to work, the city’s high-paid tech workers have been mostly shielded.
Pret A Manger to cut 1,000 jobs, close 30 stores due to pandemic
“We must make these changes to succeed in the new retail environment,” Chief Executive Officer Pana Christou said in the statement.
Millennial job mobility set to decline because of the pandemic
After several years of increases, less than a third of millennials now anticipate changing jobs in the next two years. Young people cited the need for stability as one reason for their desire to stay put.
Young Americans struggle to find jobs, internships this summer
The hunt for a job this summer has become even more difficult for the nation’s youth because of the coronavirus pandemic.
U.S. jobless claims continue gradual decline, remain elevated
Applications for U.S. unemployment benefits gradually eased last week despite a stream of business reopenings, underscoring the longer-term labor-market challenges caused by the coronavirus pandemic. Initial jobless claims for regular state programs totaled 1.54 million in the week ended June 6, down from 1.9 million in the prior week, Labor Department figures showed Thursday. Applications […]
Black unemployment rate rises while white joblessness falls
Racial inequality has been under a harsh spotlight in the U.S. since the George Floyd, an unarmed black man, died at the hands of a white police officer in Minneapolis, sparked days of continuing nationwide protests.
Mothers leaving work in lockdown could widen gender pay gap
The disparity raises the prospect that women’s gains in the labor market and efforts to reduce the gender pay gap are being undermined by the lockdown.
More than one in six young people stopped working since virus
Young people entering the labor market during a recession can suffer the fallout for years because they struggle to find a job or have to take one that doesn’t match their educational background.
Exclusive survey How businesses are surviving the pandemic
Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.
U.S. companies cut a record 20.2 million jobs, ADP says
The Labor Department’s figures are projected to show a jobless rate surging to 16%.
