Layoffs loom over United Airlines
The aviation sector has been one of the worst affected by the coronavirus pandemic. After thousands have already lost their jobs in the airlines, federal aid will be running out this fall which could spell disaster for United Airlines. With a contracted demand, the airline is expecting to cut up to ...
Second round of layoffs has arrived
Experts and analysts had predicted that there would be a second round of layoffs which would be triggered by two things - a resurgence of the virus as well as federal aid running out for various sectors. Unfortunately, the second wave is already here, and its impacting high paying hobs the most. Re ...
A summary of where the jobs are
According to data, the jobs which are highest in terms of availability in volume and demand are jobs in the government, retail trade, business svcs, leisure and hospitality and warehousing. The sectors which are not so promising right now are information, construction, wholesale trade and mining. T ...
Retail may be reshaped altogether in a post-pandemic world
As grocers are looking to digitize and automate as much as possible, the retail workforce may be dwindling as analysts predict that the pandemic could change the industry for good. Around 1.9 million people were laid off in the retail sector, and 1.1 million of those were furloughs. Take a look at ...
Unemployment contracts below 10%
For the first time since March, the unemployment rate has fallen below 10 per cent, but this is certainly no reason to rejoice just yet. The worrisome news is that the rate of hiring has also contracted with every passing month which isn't a good sign considering that millions of jobs will have to ...
Payrolls up by 1.4 million
For the first time since March, payrolls have increased by almost 1.4 million as nonfarm payrolls upped by 1.37 million in August, which was slightly better than what was predicted. The unemployment rate fell to 8.4% which also exceeded expectations. Take a look at the details here. ...
Aviation hopes to recover by 2024
As thousands and thousands of jobs are being cut in the airline industry, the layoffs are expected to continue as federal aid will dry up by fall. The US airline trade organisation or Airlines for America predicts that it will be at least 4 years till travel can resume to normal after the pandemic. ...
BMW cuts jobs in US to survive pandemic
As the automotive industry reels with dwindling sales and a few weeks of zero sales, even industry giants like BMW have had to resort to cutting jobs to survive the recession-hit market. Read about the details here. ...
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