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Tag Archives: Goldman Sachs

Goldman Says Almost a Quarter of Temporary Virus Layoffs in U.S. to Be Permanent

People wait in line for help with unemployment benefits

BLOOMBERG, AUGUST 22, 2020 Joblessness to linger well into 2021 for many, economist says | Rehiring prospects for temporarily laid off worsened in July By Reade Pickert for Bloomberg – The rehiring of temporarily laid-off workers will continue to bolster the U.S. labor market’s recovery in the months ahead, but Goldman Sachs Group Inc. expects almost a quarter of those layoffs to become permanent. …

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Goldman Sees Advanced Economies Shrinking 35% Amid Pandemic

Goldman Sachs Logo on exterior of glass building

BLOOMBERG, APRIL 14, 2020 By Jason Clenfield for Bloomberg – Advanced economies will shrink about 35% this quarter from the prior three months, four times as much as the previous record set in 2008 during the financial crisis, according to annualized figures from Goldman Sachs Group Inc. How fast economies will rebound is an open question because nobody knows how quickly people …

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Goldman Sachs predicts record 2.25 million unemployment claims filed this week

Image of an invesment bank computer screen with the company logo Goldman Sachs visible on right

PortandTerminal.com, March 20, 2020 Goldman Sachs is forecasting that 2.25 million Americans filed for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record NEW YORK CITY – Investment bank Goldman Sachs’ economists have published a grim update yesterday on the number of people in …

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