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Unemployment

Harley-Davidson to Cut 13% of Global Workforce - WSJ

Harley-Davidson to Cut 13% of Global Workforce

By: Austen Hufford
Source: The Wall Street Journal
Date of Publication: July 9th, 2020
Motorcycle maker is latest company to reduce workforce as coronavirus spreads.
Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown - WSJ

Companies Choose Furloughs Over Layoffs to Manage Coronavirus Slowdown

By: Tatyana Shumsky and Kristin Broughton
Source: The Wall Street Journal
Date of Publication: July 6th, 2020
Wary of rehiring and retraining costs, most S&P 500 firms that announced staff reductions have avoided permanent layoffs; whether that lasts may depend on the recovery.
Blowout jobs report may have missed a troubling trend linked to coronavirus

Blowout jobs report may have missed a troubling trend linked to coronavirus

By: Stephanie Landsman
Source: CNBC
Date of Publication: July 5th, 2020
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases.

“The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”
The US economy created 4.8 million jobs in June. But that's not the whole story

The US economy created 4.8 million jobs in June. But that's not the whole story

By: Anneken Tappe
Source: CNN Business
Date of Publication: July 2nd, 2020
The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported on Thursday.
U.S. job growth accelerates in June; unemployment rate falls

U.S. job growth accelerates in June; unemployment rate falls

By: Lucia Mutikani
Source: Reuters
Date of Publication: July 2nd, 2020
The U.S. economy created jobs at a record clip in June as more restaurants and bars resumed operations, further evidence that the COVID-19 recession was probably over, though a surge in cases of the coronavirus threatens the fledgling recovery.
Coronavirus leads Ford to launch job-loss return policy _ Fox Business

Coronavirus leads Ford to launch job-loss return policy

By: Cortney Moore
Source: Fox Business
Date of Publication: June 29th, 2020
American car giant starts yearlong return program, Ford Promise, for customers unsure of job security.
Coronavirus forces Sonos to lay off 12% of its workforce_Fox Business

Coronavirus forces Sonos to lay off 12% of its workforce

By: Ann Schmidt
Source: Fox Business
Date of Publication: June 24th, 2020
Sonos is laying off 12 percent of its workforce because of the coronavirus pandemic, according to a Securities and Exchange Commission filing from Tuesday.
 “V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

“V-Shaped” Recovery Not Now: It Gets Worse, 30.55 Million on Unemployment. Week 14 of U.S. Labor Market Collapse

By: Wolf Richter
Source: Wolf Street
Date of Publication: June 25th, 2020
Had a setback. Over 11 million gig workers on unemployment insurance. But four states, including Florida, still can’t process federal PUA claims.
New Unemployment makes recovery seem a long way off

With Unemployment Offices Busy, Recovery Seems a ‘Long Haul’

By: Nelson D. Schwartz
Source: New York Times
Date of Publication: June 25th, 2020
As coronavirus hot spots flare across the U.S., adding to economic worries, new jobless claims surpassed one million for the 14th week.
Jimmy John's Enlists Out-of-Work Creatives to Advertise Its Sandwich Deals_Adweek

Jimmy John’s Enlists Out-of-Work Creatives to Advertise Its Sandwich Deals

By: Richard Collings
Source: Adweek
Date of Publication: June 24th, 2020
Restaurant chain breaks with its own history to offer discounts during pandemic.