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Wall Street buckles on stimulus, jobless claims and coronavirus infections

[Yahoo! Finance] Wall Street was poised for a rough session Thursday, as investors considered fast-dimming prospects for fiscal stimulus before the U.S. election and a host of new virus-related restrictions in Europe. Traders continue to fixate on whether a stimulus deal of any size will transpire within the next three […]

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Unemployment was supposed to be temporary. Now, it’s permanent for almost 4 million

[CNBC, GETTY IMAGES] Nearly 13 million Americans were unemployed in September. That’s about 7 million more workers than pre-pandemic levels.The early part of the recession was characterized by temporary layoffs, or furloughs. But permanent job loss is rising.A growing share of workers are also “long-term” unemployed, meaning they’ve been out […]

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Ageism Is Forcing Older Workers Out Of The Job Market

[Forbes, Getty Images] In our youth-obsessed culture, the devastating plight of older workers is glaringly overlooked. We are all having challenges dealing with the virus outbreak. Over the last six months, over 60 million Americans lost their jobs. The weekly jobless report from the U.S. Department of Labor released Thursday […]

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5 Strategies For Advancing Your Career In A Tough Job Market

[Forbes, Getty Images] Though current unemployment rates are still well above pre-pandemic levels, the labor market appears to be recovering slowly. With the future of federal unemployment benefits in limbo, many who were recently laid off or furloughed will be looking for work in the coming months, joining the latest cohort of […]

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Love working from home? Here are 20 of the best jobs and careers for being remote

[MarketWatch, iStock] There’s been an increase in remote job listings in areas like customer service, medical and health, computer and IT and education We’re calling it: 2020 is the year of the “pivot.”   The coronavirus has forced — or, maybe inspired? — us to judiciously reconsider everything from where we live to what we value most in our homes. Amid […]

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Amazon is hiring 33,000 new employees with an average compensation package worth $150,000

New York (CNN Business) Amazon announced it will hold a Career Day on September 16 that is open to everyone seeking a job. Amazon’s (AMZN) Career Day will include a team of 1,000 Amazon recruiters offering 20,000 career coaching sessions, according to the tech giant’s press release. The sessions are free of charge. […]

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Pennsylvania women and people of color are bearing the brunt of the recession, report shows

[The Philadelphia Inquirer] The recession caused by the coronavirus has hit Pennsylvania women and people of color particularly hard, as they’re more likely to work in jobs that can’t be done remotely, according to a new report. Bars, restaurants, and retail stores that were forced to close their doors disproportionately […]

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Amazon Drivers Are Hanging Smartphones in Trees to Get More Work

[Bloomberg] Someone seems to have rigged Amazon system to get orders firstOperation reflects ferocious rivalry for gigs in a bad economyA strange phenomenon has emerged near Amazon.com Inc. delivery stations and Whole Foods stores in the Chicago suburbs: smartphones dangling from trees. Contract delivery drivers are putting them there to get […]

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American initial jobless claims rocket above 1 million again

New York (CNN Business) Another 1.1 million Americans filed initial claims for unemployment benefits on a seasonally adjusted basis last week, dashing economists’ hopes for a second-straight week with fewer than 1 million claims. Economists were optimistic that the US jobs market would be on a steady trajectory toward recovery. […]

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