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Tag Archives: Unemployment

More than half of workers in the world worried about losing their jobs

Man standing in employment line. Back to camera.

BLOOMBERG, OCTOBER 20, 2020 Craig Stirling for Bloomberg News – More than half of workers around the world are worried about losing their jobs, according to a survey measuring labor-market insecurity wreaked by the coronavirus crisis. The poll of 12,430 people for the World Economic Forum showed 54 per cent of them are either “very concerned” or “somewhat concerned” that their employment …

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Unemployment is our world’s biggest risk right now

A man wearing a protective face mask applies for a commercial vehicle driving position

REUTERS, OCTOBER 7, 2020 LONDON (Reuters) – Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by the World Economic Forum. Unemployment rates have rocketed due to lockdowns and other restrictions to combat the coronavirus pandemic, with …

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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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U.S. Worse Off Than Russia, Mexico in 2020 Economic Misery Ranking – Bloomberg

People wait in line to get groceries at a pop-up food pantry

BLOOMBERG, AUGUST 6, 2020 China improves as Covid-19 modestly impacts 2020 forecast | Venezuela, Argentina and South Africa top the misery list By Catarina Saraiva and Michelle Jamrisko for Bloomberg – The U.S. is projected to see the worst reversal of fortune this year in a ranking of global economic misery, underscoring just how much havoc the pandemic has wrought. America fell 25 …

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Explainer: May’s jobs report stunner: real deal or head fake?

People who lost their jobs wait in line to file for unemployment

REUTERS, JUNE 6, 2020 WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected. More than 2.5 million people were newly employed last month, the Labor Department reported on Friday, but that follows a record drop of …

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Coronavirus unleashing a new wave of U.S. layoffs

a pedestrian walks by The Framing Gallery. Closed sign

REUTERS, MAY 28, 2020 US workers file 2.1 million more jobless claims as crisis total tops 40 million WASHINGTON – The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week amid job cuts by U.S. state and local governments whose budgets have been decimated fighting the COVID-19 pandemic and more second-wave …

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