Jobs

How Will COVID-19 Impact US Manufacturing? First Indications Are Ugly. Exacerbated by Underlying Conditions

by Wolf Richter • Mar 30, 2020 • 124 Comments

Economic powerhouse Texas first got hit by the Oil Bust then by the Coronavirus. Expect similar confluence of unrelated factors in other regions.

A Word About the Horrid Spike in Unemployment Claims and Why it’s Even More Horrid Than it Appears

by Wolf Richter • Mar 26, 2020 • 274 Comments

No one has ever seen anything like this.

Self-Employed Left Hanging after Spanish Government Promised to Protect Them from Worst of Covid-19 Fallout

by Nick Corbishley • Mar 25, 2020 • 79 Comments

During the last crisis, Madrid ramped up the tax burden on the self-employed to historic highs while wasting vast sums on corporations and banks. Same thing on an even bigger scale is now in the offing.

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong

by Nick Corbishley • Feb 18, 2020 • 55 Comments

These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.

OK, it Gets Sticky: Job Openings Plunge the Most Since the Great Recession

by Wolf Richter • Feb 11, 2020 • 108 Comments

Down 15% from a year ago. Employment lags job openings by a few months. It hit the usual suspects but also the services industries, including finance & insurance, tech, and healthcare.