WASHINGTON, Sept 3 — US job cuts so far this year surged 231 per cent compared to the same period of 2019 as the coronavirus wreaked havoc on the once-healthy economy, according to a new report today. Though the pace of announced layoffs is slowing, the number of job cuts announced by US-based...
People line up outside Kentucky Career Center prior to its opening to find assistance with their unemployment claims in Frankfort, Kentucky, US June 18, 2020. — Reuters pic
The data are the latest indication of the awful employment situation facing many American workers as the country weathers the world’s worst coronavirus outbreak. “An increasing number of companies that initially had temporary job cuts or furloughs are now making them permanent.”
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