How Mark Zuckerberg shook the job market
Often perceived as a tycoon, Mark Zuckerberg recently announced that he will be making the remote working option permanent for all his employees, regardless of the pandemic. He clearly sees the business benefits from this move as employees rejoice on not having to pay Silicon Valley house rent rate ...
Record high unemployment in April recorded by BLS
The Bureau of Labor and Statistics stated that in April 2020, the unemployment rates in 43 states were at their peak since the unemployment data began in 1976. The rates in the states of Hawaii and Nevada crosses their previous record highs by 10 per cent each. Rates in Michigan, New Hampshire, Rho ...
WFH policies trigger a drop in rent in the Bay Area
With companies making their WFH policies permanent, workers in Silicon Valley, a once-coveted zip code, are moving to the less crowded suburbs with cleaner air and lower rent. This has created a ripple effect in the housing rates in the Bay Area, in San Franciso alone, the rent has dipped 9.2 per c ...
A unique way of dealing with job cuts
In an attempt to make the most of a terrible situation, workers in the country have started adapting to their job cuts and responding with starting businesses of their own. Take laid-off vacation adviser, for example, she now teaches English online to students around the globe. Another laid-off rec ...
Hawaii struggles with unemployment
While every sector has been hit by the pandemic, travel and tourism has perhaps been hit the hardest. This leaves tourist-dependent states such as Hawaii in a fix. The robust tourism industry is a source of livelihood for locals and residents, and dipping into savings is no longer feasible. Since M ...
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Article
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