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COVID in US – One-quarter of the of the country’s largest companies had more cash going out than coming in on the eve of the crisis

“The coronavirus has left businesses from giant corporations to the corner bar struggling for survival. But along with dealing millions of Americans an unexpected blow, the pandemic exposed vulnerabilities that had accumulated during a record-long expansion and years of ultralow interest rates — and which now could make it harder to recover from a recession, … Continue reading

COVID in US – FED encourage banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses

Five federal financial regulatory agencies today issued a joint statement encouraging banks, savings associations and credit unions to offer responsible small-dollar loans to consumers and small businesses in response to COVID-19. The statement of the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union Administration, … Continue reading

COVID in US – Choosing mass unemployment ?

A number of European countries, after similarly failing to control the spread of the virus, and thus being forced to lock down large parts of their economies, have chosen to protect jobs. Denmark has agreed to compensate Danish employers for up to 90 percent of their workers’ salaries. In the Netherlands, companies facing a loss … Continue reading

COVID – What schools can do

The social and economic effects of COVID-19 will be severe and touch every corner of the country. But there is much that can be done to soften the blow and put ourselves in a better situation for the long term. Schools have a particularly important role to play. To see what schools can do, it … Continue reading

COVID – European governments step in to pay wages

Tens of millions of jobs are now at risk from the coronavirus pandemic, with entire industries being shut down to keep the virus from spreading. Governments across Europe are spending billions on wage subsidies in a desperate effort to save jobs and cushion the economic blow. Here are some of the plans to help individuals … Continue reading

COVID in UK – The 80%

Yesterday, the Chancellor announced that last week’s pledge to underwrite 80 per cent of the wages of employees without work to do during this crisis is being matched with significant grants to the self-employed. This is an important addition to existing plans to support employees, and in many ways a more generous offer. The Self-Employed … Continue reading

COVID in OECD – Efforts should be intensified says OECD

Efforts to contain virus and save lives should be intensified, and governments should plan stronger, more coordinated measures to absorb growing economic blow Increasingly stringent containment measures needed to slow the spread of the Coronavirus (Covid-19) will necessarily lead to significant short-term declines in GDP for many major economies, according to new OECD projections. OECD … Continue reading

COVID au Canada – Le PIB réel devrait diminuer de 25 % au deuxième trimestre, Le taux de chômage à 15 % au troisième trimestre

Les perspectives économiques et financières sont extrêmement incertaines en ce moment. Abstraction faite de cette vive incertitude, le présent rapport propose une analyse de scénario pour aider les parlementaires à évaluer les possibles répercussions économiques et financières de la pandémie de COVID-19 et des développements récents sur le marché du pétrole. Le scénario à l’étude … Continue reading

COVID-19 and UI Weekly Claims in US – From 282,000 to 3,283,000, an increase of 3,001,000

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS SEASONALLY ADJUSTED DATA In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week’s revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous high was … Continue reading

COVID-19 and School Closures around the World – 1.37 billion students, nearly 80% of the world’s student population, now at home

As school closures impact nearly 80% of the world’s student population, UNESCO on Monday convened an online meeting of an ad hoc group of education ministers who shared information about scaled-up measures deployed in their countries to support teachers, parents and students in coping with home learning. They also pointed to emerging challenges that require … Continue reading

COVID-19 in Canada – The new Canada Emergency Response Benefit

The new Canada Emergency Response Benefit We will provide a taxable benefit of $2,000 a month for up to 4 months to: workers who must stop working due to COVID19 and do not have access to paid leave or other income support. workers who are sick, quarantined, or taking care of someone who is sick … Continue reading

COVID-19 in US – Economy will experience a quick rebound says former Federal Reserve chairman Ben Bernanke

Former Federal Reserve Chairman Ben Bernanke also said Wednesday the U.S. economy will experience a quick rebound after a “very sharp” recession. “If there’s not too much damage done to the workforce, to the businesses during the shutdown period, however long that may be, then we could see a fairly quick rebound,” Bernanke told CNBC’s … Continue reading

COVID-19 en France – Comment s’articulent allocation chômage et activité partielle

Comment s’articulent allocation chômage et activité partielle ? Ce sont deux dispositifs autonomes qui peuvent pourtant se combiner, voire se cumuler. Pôle emploi répond à vos interrogations, que vous soyez inscrit comme demandeur d’emploi, ou pas, en cours d’indemnisation, ou non. COMMENT FONCTIONNE L’ACTIVITÉ PARTIELLE ? L’activité partielle, appelé aussi « chômage partiel », est un dispositif … Continue reading

COVID-19 in US – Maps on how states are responding

States have enacted a wide range of policies in an effort to “flatten the curve” and address the economic effects of the novel coronavirus. While all 50 states have declared states of emergency, giving governors emergency powers, the policy response from states has been wide-ranging. Chosen excerpts by Job Market Monitor. Read the whole story @ How … Continue reading

COVID-19 – Analyzing the trends in one chart

Chosen excerpts by Job Market Monitor. Read the whole story @ U.S. Coronavirus Outlook: Is This The End Of The Beginning?

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