Britain Introduces a Scaled-Back Wage Support Plan
The British government, battling a second wave of coronavirus cases, on Thursday announced a slew of new and extended economic measures to support jobs and...
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Tag : Layoffs and Job Reductions
Unemployment Claims Rise as Job Rebound Loses Momentum
Six months into the pandemic-induced economic crisis, the layoffs keep coming. About 825,000 people filed for state unemployment benefits last week, the Labor Department said...
U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows
Trillions of dollars in federal aid to households and businesses has allowed the U.S. economy to emerge from the first six months of the coronavirus...
How New Yorkers Found Resolve After 6 Months of Pandemic Hardship
Even as the coronavirus is ravaging the country and the world, a new reality is emerging in New York City. Nowhere is that more evident...
Pandemic Puts N.Y.C. Hotels on the Brink: ‘A Complete Washout’
Many of New York City’s biggest hotels closed their doors in March when the coronavirus wiped out tourism and business travel. The shutdowns were supposed...
Why Unemployment Claims May Be Overcounted by Millions
Economic statistics were never designed to measure the sudden shutdown and restart of large segments of the U.S. economy. Still, if there is one question...
Trump’s Payroll Tax ‘Cut’ Fizzles
WASHINGTON — With congressional negotiations stalled over a new round of pandemic aid, President Trump has floated the idea of once acting alone to stimulate...
How to Save Restaurants
When the pandemic hit America’s restaurants, it was as if an anvil dropped — on a bubble. To run a restaurant, any kind of restaurant,...
How to Fix New York’s $5 Billion Budget Crisis
New York is facing the nightmare scenario that its political leaders have feared since the 1970s, when the city nearly went bankrupt. It is staring...
Job Growth Slackens, Signaling Vulnerability of Recovery
Job growth slowed further last month, the latest sign that the economy’s spring momentum has faded — and a warning that the recovery could go...