Retailers furloughed nearly 1 million workers this week. But the industry’s troubles are just beginning.
Analysts say at least 15,000 stores, including some well-known brands, are likely to close permanently......»»
3.5 million workers are at risk of losing their unemployment benefits as Republican governors cut pandemic aid
Six of the seven states with a minimum wage of $7.25 are ending federal unemployment early, cutting off $300 per week from unemployed and gig workers. .....»»
The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts" estimate from January
A consulting firm projects that nearly 4 million fewer vehicles will be sold this year, up from an expected shortfall of 2.2 million. Workers build Ford F-150 trucks at one of the automaker's assembly plants.....»»
Every Company is a Tech Company Now. The Disruption is Just Beginning
In March 2020, as businesses across the world sent non-essential workers home to slow the spread of the coronavirus, a 2.6 million-sq.-ft. General Motors plant in Kokomo, Ind., sat idle. At the same time, ventilators—the breathing machines essenti.....»»
Creative economy poised to lead L.A.’s Covid recovery
New York and L.A. dominate the industry by far, with 1.3 million and 1 million creative workers, respectively, per new research from CBRE......»»
As the tourism industry returns, 3 million workers wait for a callback
Even as travel returns, some big companies are making do with fewer employees, leaving millions of workers out of a job......»»
Thousands of meatpacking workers across US get vaccine this week
Meatpacking workers across the country have started receiving coronavirus vaccines, offering some peace of mind in an industry that was ravaged by COVID-19. Illinois was one of the first places to offer the vaccines to entire plants of workers last mon.....»»
Dating-App Industry Veteran Sam Yagan Files For New SPAC, Looking To Raise $200 Million
Sam Yagan, formerly of OKCupid and Match Group, could be trying to capitalize on the momentum seen this week in the dating-app industry with the blockbuster IPO of Bumble Inc (NASDAQ: read more.....»»
API sees 5.8 million barrel fall in U.S. oil inventories: reports
U.S. oil inventories fell by 5.8 million barrels last week, the American Petroleum Institute, an industry group, reported Tuesday, according to news reports. The API also reportedly saw a 1.9 million barrel rise in gasoline stoc.....»»
Trump"s delay on signing the stimulus bill could have cost unemployed Americans $5.9 billion - but now new reporting suggests payments won"t lapse as feared
Some 20 million workers risked missing a week's worth of stimulus funds, but the Department of Labor told The Hill and CNBC there won't be a lapse. Donald Trump. Getty President Donald Trump final.....»»
New Trump rule could cost waiters more than $700 million in lost wages, allowing employers to take more of their tips to pay other workers
The new rule, supported by the restaurant industry, could cost tipped employees more than $700 million in lost wages, according to one analysis. A new Trump administration rule could cost tipped employees more than $700 million in lost wages each.....»»
Nearly 3 million Americans filed jobless claims last week
Many of these workers lost their jobs because of closures and a huge drop in spending and travel during the pandemic. In total, 36.5 million people have filed for unemployment benefits in the past eight weeks......»»
Nearly 3 million file weekly jobless claims, above estimates
Almost 3 million workers in the U.S. filed for state unemployment benefits last week. That marked the sixth straight weekly decline, But as Fred Katayama reports, claims remain astoundingly high......»»
Elon Musk already restarted Tesla production. Now the county says it’s allowed next week.
Tesla brought workers back ono Monday, in defiance of county orders. The county now says Tesla can reopen beginning next week......»»
Health care industry loses 1.4 million jobs in pandemic
The U.S. health care industry wasn’t immune to the devastating job losses caused last month by the coronavirus pandemic. Even as health care workers battled Covid-19 in emergency rooms and... To view the full story, click the title link......»»
The coronavirus hit to L.A. tourism: 22 million visitors and $13 billion in spending
Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed. Tourism officials estimate 75% of Los Angeles travel-related workers have been furloughed......»»
Another 124,000 file for unemployment in Missouri and Illinois
Tens of thousands more workers in Missouri and Illinois filed for unemployment for the week ended May 2, as the country added another 3.2 million claims......»»
Waffle House says some regulars are slowly beginning to return after the coronavirus forced it to lay off thousands and cut pay for workers still employed
AP Photo/Russ Bynum A week after Waffle House started letting customers eat inside some restaurants, the company has seen a slight improvement in sales — though mo.....»»
Tesla tells furloughed workers to expect a week or more of unemployment
On Friday, Tesla braced its furloughed U.S. employees for at least another week of unemployment, wrapping up a wild week that included expletives and wild tweets from CEO Elon Musk......»»
Economic Report: U.S. jobless claims climb 3.8 million in late April to push coronavirus total to 30 million
Some 3.8 million workers who just lost their jobs applied last week for unemployment benefits, bringing a record number of layoffs during the coronavirus crisis to about 30 million in a month and a half......»»
NewsWatch: U.S. jobless claims climb 3.8 million in late April to push coronavirus total to 30 million
Some 3.8 million workers who just lost their jobs applied last week for unemployment benefits, bringing a record number of layoffs during the coronavirus crisis to about 30 million in a month and a half......»»