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Airlines say massive job cuts are inevitable after bailout money dries up

[CNN] Businesses struggle to rehire workers as states reopen New York (CNN Business)US airline workers have been largely spared from the carnage that’s pushed the country’s unemployment to record highs since the start of the coronavirus pandemic. But those same workers -— roughly 750,000 pilots, flight attendants, baggage handlers,mechanics and others — […]

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Unemployment soars to 14.7%, job losses reach 20.5 million in April as coronavirus pandemic spreads

[USA TODAY] The U.S. economy lost 20.5 million jobs in April and the unemployment rate soared to 14.7% — both record highs — laying bare the starkest picture yet of the crippling gut-punch delivered by the coronavirus pandemic. In just a month, the historically dismal performance abruptly wiped away nearly all the nation’s […]

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Opinion: More cuts to 401(k) matches are coming

[MarketWatch, Getty Images] To conserve cash, some employers are suspending contributions to their workers’ 401(k) accounts. And if this downturn plays out like previous recessions, more will follow. The handful of employers announcing suspensions in recent weeks include travel companies and retailers hit first and hardest by shrinking consumer demand, […]

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Louisville Slugger furloughs staff, temporarily closes factory and museum

[ESPN] Iconic bat maker Louisville Slugger has temporarily closed its factory and furloughed the majority of its workforce because of coronavirus shutdowns. “We’re not doing any advertising. We’ve cut all our expenses we can. We’re just hoping we get back to normal before we run out of cash,” CEO John Hillerich […]

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Opinion: Class of 2020 was to enter the strongest job market in 50 years

[MarketWatch, Getty Images] Before the coronavirus pandemic forced businesses and schools to close, high school and college graduates from the Class of 2020 could have expected to graduate into the strongest job market in 50 years. Now, due to massive economic fallout, the Class of 2020 is at risk of graduating […]

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