Millions of U.S. jobs will be lost years after Covid, IRS projections show
Did the expired benefit of $ 600 federally unemployed people not keep working back? Sudden drop in claims adds fuel to debate
Has the widespread unemployment benefits discouraged many workers from returning to work? A big drop in people seeking or receiving benefits in the past two weeks after the end of a $ 600 federal grant suggests that the answer may be yes. Early unemployment fell to 963,000 in early August, …
Read More »Top CEOs promise to hire 100,000 low-income New Yorkers
A new coalition of executives representing 27 key employers is set to hire 100,000 low-income and minority workers by 2030. The effort includes JPMorgan Chase CEO Jamie Dimon, Amazon’s Jeff Bezos and Microsoft’s Satya Nadella. The group, called the New York Jobs CEO Council, said its goal is to recruit …
Read More »A large hiring force of New York CEOs
Leaders of more than two dozen of New York City’s largest employers – including JPMorgan Chase, Ernst & Young, IBM, McKinsey & Company and Accenture – aim to earn 100,000 residents and people of color by 2030 and will help to prep them for technical jobs. Why it matters: When …
Read More »European stocks and Dow futures rally in hopes of boosting US stimulus and virus trends
A staff member wearing a protective face mask at the Holiday Inn Whitechapel hotel, operated by InterContinental Hotels Group, is clearing a Perspex screen ahead of the reopening of the hotel for general bookings in London, England, on 3 July 2020. Chris Ratcliffe / Bloomberg News European stocks rose on …
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