29 American cities losing the most jobs
Millions of people across America and the world have lost their jobs due to the lockdown and restrictions imposed across the globe because of the global crisis. The economy started seeing a steady push with the stimulus and seasonal change. However, things have started getting a bit more challengin ...
The US could start losing jobs very soon
The US saw a massive decline in jobs and millions of people were laid off due to the lockdown and restrictions imposed because of the virus. At one point, the unemployment rate was in double digits. The unemployment benefit and a positive outlook started bringing things back, not at the pace one wo ...
Businesses plan more layoffs, hiring freezes in 2020
The wrath that the virus has unleashed at the start of the year is far from over. Things don't seem to get better as we see a resurgence in cases. According to a survey conducted by The Conference Board last month, nearly 1 in 10 businesses plan to layoff workers in the final three months of the ye ...
71% of Executives to bring back furloughed workers
If you were furloughed due to the COVID-19 pandemic, the good news is that the chances of you getting your job back are in your favor as a majority of surveyed US execs expressed their intentions of hiring back furloughed workers very soon. What's more, is that 88% of organizations invested or scal ...
Millions may have lost their jobs for good
The latest data from the BLS have indicated that millions of Americans who lost their jobs due to the pandemic may have permanently lost said jobs. The latest data shows a sharp slowdown in June, which means that job seekers who have been laid off should try their chances elsewhere, read the detail ...
7 hobbies to monetize on
As layoffs and furloughs plague the job market, now is the ideal time to pull out those archived photographs and start an Instagram account to sell them! Maybe you've always loved writing as a hobby, but in these tough times, your hobby can be leveraged to seek freelance writing jobs which are alwa ...
The impact of the pandemic on the economy
As the economy opened up earlier this month after being closed for weeks, the labor reallocation is looking weak as the pandemic has led to major disruptions in the way we live and work. According to data, it is estimated that only 42 per cent of workers who were laid off will return to their previ ...
3.1 million jobs added in June
Despite thousands of Americans still getting layoffs and furloughs, the labor market has truly been a paradox as the Labor Department released that a record 3.1 million jobs were added in June bringing the unemployment rate down to 12.3 per cent from 13.3 per cent. Economists predict that the road ...
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