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COVID and Canadian Job Seekers – Job searches for these companies surged
Grocery stores and household delivery services have become key pillars of the economy amid the COVID-19 crisis. Canadian job seekers have taken notice. As companies like Walmart and Amazon announced major hiring plans, job searches for both on Indeed Canada surged, along with those for large grocers including Costco and Loblaws.* Searches containing “Amazon” spiked first, jumping up as … Continue reading
Job Report in US, March 2020 – Employment fell by 701,000 even if the reference periods predated many COVID impacts
Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) and efforts to contain it. Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking … Continue reading
COVID in Spain – Some 900,000 workers have lost their job and at least another 620,000 have seen their contracts suspended
Spain has shed jobs at a record pace since it went into lockdown to fight the coronavirus, social security data showed on Thursday, laying bare the scale of the epidemic’s impact in the euro zone’s fourth-largest economy. Some 900,000 workers have lost their job since mid-March, with those on short-term contracts in tourism or construction … Continue reading
Job Report in US (ADP), March – Lost of 27,000 up to March 12, without full impact of COVID-19
ADP National Employment Report: Private Sector Employment Decreased by 27,000 Jobs in March; the March NER Utilizes Data Through March 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation ROSELAND, N.J. – April 1, 2020 – Private sector employment decreased by 27,000 jobs from February to March according to … Continue reading
COVID-19 and the Economy In US – Questions and answers from Janet Yellen
THE FOLLOWING ANSWERS ARE FROM JANET YELLEN. Q: How well prepared is the typical American household for the coming shock of lost jobs and income, in light of a decade of debt-deleveraging, continuous job growth, and low unemployment, coupled with weak wage growth and rising income inequality? A: “It’s true that we’ve had a decade … Continue reading
UI Weekly Claims in US – 6,648,000, an increase of 3,341,000 from the previous week’s revised level
In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 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 week’s level was revised up by 24,000 from 3,283,000 … Continue reading
COVID et l’Agence du Revenu du Canada (ARC) – Un défi colossal après les déboire de Phénix
La même Agence a le mandat de mettre la Prestation canadienne d’urgence (PCU) et la Subvention salariale d’urgence en même temps. Un défi colossal après les déboire de Phénix. Est-ce une bonne idée de mettre tous les oeufs dans le même panier ? (Ottawa) Les employés de l’Agence du revenu du Canada (ARC) se préparent … Continue reading
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
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