Buck Bully
[Bloomberg] Someone seems to have rigged Amazon system to get orders first Operation reflects ferocious rivalry for gigs in a bad economy A 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 […]
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. […]
[NBC NEWS] A new study finds more unemployed Californians are starting to lose hope they’ll ever get their old jobs back. Some of those in the latest filings for unemployment have been laid off twice after so many months of COVID closures and researchers say pessimism is setting in. “I’m […]
[The Hill] A seasonally adjusted 1.2 million new people applied for unemployment benefits in the week ending Aug. 1, a marked drop from the 1.4 million in the previous two weeks. While this was the 20th week in a row that the Labor Department reported more than 1 million claims […]
[Global Trade, DepositPhotos] The ongoing COVID-19 pandemic has touched just about every part of the economy, and the jobs market as a whole has gone into alarming freefall, despite the government’s job retention measures. Where are the jobs going? The sectors which have struggled most are, by and large, the ones you […]
[CNBC, GETTY IMAGES] KEY POINTS One reason the stock market is holding up well is because investors believe many corporations are going to fire a lot of people and replace them with technology that will make the companies more efficient and improve profits. There’s a fancy accounting term for this. […]
[The Motley Fool] Talk about a dire situation. The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send […]
[Houston Chronicle] The state is trying to claw back tens of millions of dollars in unemployment benefits that it mistakenly paid to thousands of Texans, many of whom have already spent the money and face difficulties paying it back. The Texas Workforce Commission has sent 46,000 notices to jobless workers seeking repayment […]
[CNN] The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported on Thursday. The data was far better than economists predicted, and the unemployment rate also fell more than expected. It was the second-consecutive month of growth after more than 20 […]
[CNN] The owners of the Southwest Soda Pop Shop had run out of options. At the very moment their ice cream shop was set to ramp up for the summer season, their customers had dropped to as few as one per day as the coronavirus pandemic spread through Washington, DC. […]