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August 11, 2020
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BBC - Business

Debenhams to cut 2,500 jobs amid pandemic

BBC
https://www.bbc.co.uk/news/business-53733929 Image copyright AFP Struggling department store group Debenhams says it will cut 2,500 jobs in the UK as it struggles to survive the coronavirus pandemic. The cuts will be across its stores and distribution centre but it did not say which shops would be affected. The chain said the......
CNBC Business

Trump’s payroll tax cut would ‘terminate’ Social Security, critics say

CNBC
CNBC – For more and to sign up click here Trump’s payroll tax cut would ‘terminate’ Social Security, critics say SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Trump order gives 35 million student loan borrowers a break until 2021. What we know so far

CNBC
CNBC – For more and to sign up click here Trump extends payment pause for student loan borrowers until 2021 SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
BBC - Business

Redundancies up fivefold as coronavirus hits jobs

BBC
https://www.bbc.co.uk/news/business-53680671 Image copyright PA Media The number of firms that notified the government in June about plans to cut 20 or more jobs was five times higher than in the same month last year, figures obtained by the BBC show. A Freedom of Information request shows that in June 1,778......
CNBC Business

The end of $600 unemployment boost and slim job prospects leaves many struggling to survive

CNBC
CNBC – For more and to sign up click here End of $600 unemployment boost, few jobs leaves many with nowhere to turn SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

‘Very fragile’ jobs recovery will now depend on how safe people feel

CNBC
CNBC – For more and to sign up click here A store closing advertisement is seen on the lower east side of New York City, August 7, 2020. Shannon Stapleton | Reuters July’s payroll growth represented both a sign that workers continued to head back to their jobs and also......
CNBC - Real Estate

Permanent remote workforce may be around 10% after pandemic, says Cushman & Wakefield CEO

CNBC Real Estate
Cushman & Wakefield CEO Brett White told CNBC on Friday that he believes the size of the remote workforce may double as a result of the coronavirus pandemic. But, he added, the vast majority will ultimately return to the office.  “If right now roughly 4.5%, 5% of the workforce is......
CNBC Business

The jobs report was better than expected, but market worries gains will be fleeting without stimulus

CNBC
CNBC – For more and to sign up click here A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight......
CNBC Business

Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence

CNBC
CNBC – For more and to sign up click here Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a damper on the struggling U.S. economy. Nonfarm payrolls increased 1.763 million for the month,......
BBC - Business

US jobs growth slows in July as pandemic takes toll

BBC
https://www.bbc.co.uk/news/business-53696601 Image copyright Getty Images Hiring in the US slowed sharply in July as the country struggled to control the coronavirus pandemic. Employers added 1.8 million jobs last month, down from a record 4.8 million in June. The unemployment rate fell to 10.2%, continuing to improve from the high of......
CNBC Business

Stock market live updates: Futures fall, big jobs report nears, waiting on a stimulus deal

CNBC
CNBC – For more and to sign up click here Stock futures for the major U.S. indexes moved lower as the Street awaited the latest unemployment read. Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

‘We do have further headroom,’ deputy Bank of England governor says

CNBC
CNBC – For more and to sign up click here Mounted police officers sit in outside the Royal Exchange and the Bank of England in London on June 17, 2020. TOLGA AKMEN | AFP via Getty Images Deputy Bank of England Governor for Markets and Banking, Dave Ramsden, said his institution......
CNBC Business

Tech hiring remains muted ahead of the latest jobs report

CNBC
CNBC – For more and to sign up click here Hiring in tech remains muted, sending another distressing signal ahead of Friday’s highly anticipated jobs report.  As of late July, tech job postings were down 36% compared to the same time last year, according to recent data from the online......
CNBC Business

Stock futures are flat in overnight trading with all eyes on July jobs report

CNBC
CNBC – For more and to sign up click here People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends. Andrew Kelly |......
CNBC Business

Markets see a lot at stake in July payrolls report Friday

CNBC
CNBC – For more and to sign up click here Markets see a lot at stake in July payrolls report Friday SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
BBC - Business

Travelex enters administration with 1,300 jobs cut

BBC
https://www.bbc.co.uk/news/business-53684484 Image copyright Getty Images Foreign exchange firm Travelex has gone into administration with the loss of more than 1,300 UK jobs. Administrators PwC said a cyber-attack earlier this year followed by the coronavirus crisis had “acutely” hit the firm. Travelex was held to ransom by hackers in January after......
BBC - Business

Third of Wetherspoon head office jobs ‘at risk’

BBC
https://www.bbc.co.uk/news/uk-england-beds-bucks-herts-53684370 Image copyright Getty Images A third of head office staff at pub chain Wetherspoon are facing redundancy because of the impact of coronavirus. Chief executive John Hutson said out of 417 workers at its headquarters in Watford “a possible 110 to 130 positions are at risk”. He said the......
CNBC Business

Private payrolls add only 167,000 jobs versus 1 million expected—Four pros on what’s next

CNBC
CNBC – For more and to sign up click here Stock market today: Private payrolls jobs data rises at slower pace than expected SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
BBC - Business

Majority of LGH hotel staff jobs at risk

BBC
https://www.bbc.co.uk/news/business-53670200 Image copyright Getty Images About 1,500 staff at hotels managed by LGH in England and Scotland have been told they are at risk of redundancy because of the coronavirus crisis. LGH, which manages staff at 55 hotels, including some Crowne Plaza, Holiday Inn and Hallmark hotels, said the staff......

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