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Deloitte to shut four UK offices as COVID-19 entrenches remote working

Deloitte to shut four UK offices as COVID-19 entrenches remote working

Source: Reuters
Date of Publication: October 17th, 2020
Global accounting and consulting firm Deloitte will close four of its 50 British offices as it reviews its real estate portfolio in the coronavirus pandemic, but will retain the staff on work-from-home contracts, it said on Saturday.
Jobless claims head higher: 898,000 Americans filed for unemployment benefits

Jobless claims head higher: 898,000 Americans filed for unemployment benefits

By: Anneken Tappe and Tami Luhby
Source: CNN Business
Date of Publication: October 15th, 2020
Americans filed another 898,000 first-time jobless claims last week on a seasonally-adjusted basis, according to the Department of Labor. That's more than economists had expected and up 53,000 from the prior week.
U.S. weekly jobless claims inch lower, but remain stubbornly high

U.S. weekly jobless claims inch lower, but remain stubbornly high

By: Dan Burns
Source: Reuters
Date of Publication: October 8th, 2020
The number of Americans filing new claims for jobless benefits inched down last week, signaling the U.S. labor market is making little fresh headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions.
U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 29th, 2020
U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this year.
Touchless lattes and self-service kiosks: office break rooms go virus-proof

Touchless lattes and self-service kiosks: office break rooms go virus-proof

By: Nivedita Balu, Siddharth Cavale
Source: Reuters
Date of Publication: September 29th, 2020
Out with grimy microwaves and sticky coffee machines with worn-out buttons, in with stylus pens, QR codes, no-touch water coolers and mobile apps that pick what brew the machine will make for you.
Jobless claims were lower than expected but employment growth is still sluggish

Jobless claims were lower than expected but employment growth is still sluggish

By: Jeff Cox
Source: CNBC
Date of Publication: September 17th, 2020
First-time claims for unemployment insurance beat Wall Street estimates last week as the U.S. economy enters a critical new stage. Filings totaled 860,000 for the week ended Sept. 12, the Labor Department reported Thursday. Economists surveyed by Dow Jones had expected 875,000, against the previous week’s upwardly revised 893,000.
Onboarding during COVID: new hires grapple with office politics from home

Onboarding during COVID: new hires grapple with office politics from home

By: Kate Holton, Sinead Cruise
Source: Reuters
Date of Publication: September 3rd, 2020
Joining a new company can be tough at the best of times, with bosses to impress, skills to learn and new colleagues to befriend. But that task becomes a whole lot harder when the “onboarding” is done during a pandemic that has forced millions to work from home, leaving new hires to judge colleagues on their taste in curtains and conduct on Zoom.
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COVID-19: Saving thousands of lives and trillions in livelihoods - McKinsey

COVID-19: Saving thousands of lives and trillions in livelihoods - McKinsey

By: Sarun Charumilind, Ezra Greenberg, Jessica Lamb, and Shubham Singhal
Source: McKinsey
Date of Publication: August 17th, 2020
McKinsey Provides an update on how it wants to see safety measures proceed in order for economic growth to continue forward.
Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown

Second-quarter GDP plunged by worst-ever 32.9% amid virus-induced shutdown

By: Jeff Cox
Source: CNBC
Date of Publication: July 30th, 2020
The U.S. economy suffered its worst period ever in the second quarter, with GDP falling a historic 32.9%. Economists surveyed by Dow Jones were looking for a decline of 34.7%. Neither the Great Depression nor the Great Recession nor any other slump over the past two centuries have ever caused such a sharp drain on the economy.
U.S. weekly jobless claims rise for a second straight week, total 1.434 million

U.S. weekly jobless claims rise for a second straight week, total 1.434 million

By: Fred Imbert
Source: CNBC
Date of Publication: July 30th, 2020
The Labor Department said initial weekly jobless claims last week came in at 1.434 million. Economists polled by Dow Jones expected claims to rise to 1.45 million. It was the 19th straight week in which initial claims totaled at least 1 million and the second consecutive week in which initial claims rose after declining for 15 straight weeks.