The Disastrous Employment Numbers Show Almost Every Job Is at Risk

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The Disastrous Employment Numbers Show Almost Every Job Is at Risk

The jobs numbers were the catastrophe everybody was expecting. April 2020 — more technically, the period between the second week of March and the second week of April — was the worst month for American workers at least since the Great Depression …
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US Postal Service warns coronavirus pandemic threatens its survival

(CNN) The US Postal Service is warning that the coronavirus pandemic began to harm business in late March which has continued to decline, a trend that threatens its survival. “It is estimated that the COVID-19 pandemic will substantially increase the Postal …
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JC Penney to File for Bankruptcy as Soon as Next Week, Sources Say

(Reuters) – J.C. Penney Co Inc is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores, becoming the latest major U.S. retailer to succumb to fallout from the coronavirus …
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Elon Musk Tells Tesla Workers Production Restarting At Idled California Plant

Furloughed Tesla TSLA workers appear to be getting ready to return to the electric-car maker’s San Francisco Bay Area assembly plant after CEO Elon Musk said California’s easing of coronavirus restrictions makes it possible to restart production following a …
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Rent Payments Reach 80% In May Amid A Record Surge In Unemployment

The National Multifamily Housing Council (NMHC) found that 80.2% of apartment households made a full or partial rent payment by May 6 in its recent survey of 11.4 million units of professionally managed apartment units across the country. The data comes …
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