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COVID, Unemployment and Poverty in US – A gloomy prediction
The pandemic crippling the American economy portends a sharp increase in poverty, to a level that could exceed that of the Great Recession and that may even reach a high for the half-century in which there is comparable data, according to researchers at Columbia University. The coming wave of hardship is likely to widen racial … Continue reading
UI Claims in US (Week ending April 11) – 5,245,000, a decrease of 1,370,000 from the previous week’s revised level (22 M in 4 weeks)
In the week ending April 11, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of 1,370,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised average. … Continue reading
COVID and Job Cuts – The difference between being furloughed and laid off?
Furloughing is actually a common practice used by many companies, such as landscaping and construction businesses, that will typically furlough workers during cold seasons, Business Insider adds. But during a national crisis such as coronavirus, companies that do not regularly furlough workers will turn to the practice to stay afloat. Recently, Macy’s announced it was … Continue reading
COVID, Cares Act and UI in US – States struggle to pay out the extra $600
Most other states have started to provide the extra federal jobless aid, though many did so only this week, nearly a month after businesses began shutting down across the country because of the coronavirus outbreak. At least 32 states will provide the extra federal benefits by the end of this week. California, the most populous … Continue reading
COVID and Higher Education in UK – Universities will be hit harder than hospitality
Education will be the sector of the economy hardest hit by an extended lockdown in the face of the coronavirus pandemic, according to new analysis. The impact on education is forecast to be greater even than that on the hospitality industry, which has been almost entirely closed down by efforts to contain the spread of … Continue reading
COVID Economic Impact – The Bank of Canada point of views
The Canadian economy was in a solid position ahead of the COVID-19 outbreak, but has since been hit by widespread shutdowns and lower oil prices. One early measure of the extent of the damage was an unprecedented drop in employment in March, with more than one million jobs lost across Canada. Many more workers reported … Continue reading
France – Quels métiers demain ?
Mondialisation, révolution numérique, développement durable… Le monde économique et productif est en pleine mutation. Quels seront les métiers de demain ? Et quelles sont les perspectives d’emploi ? L’Onisep et Alternatives économiques répondent ensemble à ces questions, et bien d’autres encore, dans un nouveau numéro de la collection Dossiers. Une grande partie des métiers de … Continue reading
COVID in US – Few Americans are ready to get back to normal
Few Americans are ready to get back to normal right now, and as the country looks to the future, some segments of society have grown even less comfortable with the idea of resuming normal daily activities and interpersonal contacts. Chosen excerpts by Job Market Monitor. Read the whole story @ Americans Remain Risk Averse About Getting Back … Continue reading
COVID and Jobs in Manitoba – Government employees asked to consider reduced workweek
Premier Brian Pallister says he will be asking non-essential government workers to consider a reduced work week in an effort to save money during the coronavirus outbreak. The Manitoba premier said he will be talking with “more than a dozen” public sector unions later Tuesday to discuss the proposed measure, which would affect civil servants … Continue reading
COVID and Jobs in US – A second sound of layoffs has begun
The first people to lose their jobs worked at restaurants, malls, hotels and other places that closed to contain the coronavirus pandemic. Higher skilled work, which often didn’t require personal contact, seemed more secure. That’s not how it’s turning out. A second wave of job loss is hitting those who thought they were safe. Businesses … Continue reading
Job Vacancy in Tech in UK – Fall 31% in less than 4 weeks
As the coronavirus crisis continues, hiring data is emerging that paints a mixed picture for U.K. tech, which, in the preceding months and years, has been stuck on a growth trajectory of up and to the right. That appears to have changed almost over night. According to numbers shared exclusively with TechCrunch from job sites … Continue reading
COVID in UK – Office for Budget Responsibility warns of 35% fall GDP and unemployment up to 10%
Evidence from past pandemics suggests that the economic impact of the coronavirus will arise much less from people falling ill or dying than from the public health restrictions and social distancing required to limit its spread. This will reduce demand for goods and services and the ability of businesses and public sector institutions to supply … Continue reading
COVID and Wage Subsidy – The true nature of it in Germany and France
In Germany, for instance, 650,000 employers had notified employment agencies by last week of their intention to make use of the country’s short-time work program. Under the system, employees have their hours scaled back, and the government pays them up to two-thirds of their normal salary, while the employer pays little or nothing. Once the … Continue reading
COVID and Jobs around the World – Expected to wipe out 6.7 per cent of working hours equivalent to 195 million full-time workers in Q2 2020 ILO says
The COVID-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers. Large reductions are foreseen in the Arab States (8.1 per cent, equivalent to 5 million full-time workers), Europe (7.8 per cent, or 12 million full-time workers) and Asia … Continue reading
COVID and Unemployment in US – 33 percent of voters have already lost their job survey finds
The financial impact of the coronavirus is hitting Americans hard: thirty-three percent of voters have already lost their job, been furloughed, placed on temporary leave, or had hours reduced, with 41 percent of those who’ve lost a job already reporting having trouble covering basic costs. Black Americans are feeling the worst of the financial crisis … Continue reading
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