by Troy S. Mason | May 28, 2020 | Business News
Boeing announced plans to lay off almost 7,000 workers this week, as the coronavirus crisis continues to hammer the aircraft manufacturer. “We have come to the unfortunate moment of having to start involuntary layoffs. We’re notifying the first 6,770 of our U.S....
by Troy S. Mason | May 22, 2020 | Business News
Another 2.44 million Americans filed for initial unemployment benefits last week, bringing the total number of people who lost their job so far during the coronavirus pandemic to almost 40 million. The weekly figures, released Thursday by the Department of Labor, come...
by Troy S. Mason | May 8, 2020 | Business News
Latinos suffered staggering job losses and have been the hardest hit by the economic thrashing dealt by the coronavirus pandemic, which blew a hole in the employment gap between Hispanics and white Americans, according to the latest employment data. Bureau of Labor...
by Troy S. Mason | Mar 31, 2020 | Business News
Millions of Americans already have lost their jobs due to the coronavirus crisis — and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which...
by Troy S. Mason | Mar 21, 2020 | Business News
This week’s sharp jump in jobless claims is just the tip of the iceberg, labor economists warn, predicting that the United States could shed millions of jobs in short order as businesses cut back or close completely to halt the spread of the coronavirus...
