Airlines planning tens of thousands of layoffs as CARES Act deadline approaches
By Sam Mintz for POLITICO08/25/2020 02:39 PM EDT American Airlines on Tuesday said it will have to cut 19,000 employees after the end of September, pointing to the stark extent of the human fallout for the aviation sector if Congress doesn’t extend federal payroll support before it expires. Airlines and their unions have been warning […]
‘Not just a low-wage recession’: White-collar workers feel coronavirus squeeze
By Megan Cassella 08/21/2020 07:41 PM EDT The coronavirus recession that began as a short-term shutdown devastating low-wage workers is now bearing down on white-collar America, where employers have been slower to rehire and job losses are more likely to be permanent. Lower-paid workers are losing their jobs at about three times the rate of […]
New unemployment claims fall below 1 million for the first time in five months
By Rebecca Rainey 08/13/2020 08:53 AM EDT New unemployment claims fell last week to 963,000, the Labor Department reported Thursday, the first time in months the figure has been less than 1 million. An additional 488,622 laid-off workers filed for jobless aid under the new pandemic unemployment assistance program, created for those not traditionally eligible […]
