Job Loss news and trends

India’s Central Bank Warns Of Banking Crisis
Banking // July 19, 2020

Rajnish Kumar, chairman of the State Bank of India, the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system, the Financial Times (FT) reported. “If it were not for COVID, a bank like the State Bank of India would...

Data: US Households Paying Rent Dropped 12 Percent From March
Coronavirus // April 09, 2020

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). The numbers, from a...

US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
Economy // April 03, 2020

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost their jobs due to the pandemic continues to grow. On Friday (April 3), the U.S. Bureau of Labor Statistics said...

Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’
Economy // April 01, 2020

Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate seems poised to shoot way up – especially among low-wage workers.   “Unfortunately, we expect...

Quick Reads
India’s Central Bank Warns Of Banking Crisis

July 19, 2020
Rajnish Kumar, chairman of the State Bank of India, the country’s largest lender, said the resurgence of the coronavirus jeopardizes reform of the financial system, the Financial Times (FT) reported. “If it were not for COVID, a bank like the State Bank of India would be in a very happy situation,” Kumar told FT. “In […]

Data: US Households Paying Rent Dropped 12 Percent From March

April 09, 2020
The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from...

US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.

April 03, 2020
The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost their jobs due to the...

Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

April 01, 2020
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate...