Jobs losses

On Thursday, Trump signed an executive order targeting social media firms, days after Twitter called two of his tweets "potentially misleading." It seeks to curb the power of platforms like Twitter and Facebook by reinterpreting a law that shields them from lawsuits about content on their websites. Legal challenges to the order are expected. … [Read more...] about The economy is reopening. But the job cuts keep coming

The Institute of the Motor Industry (IMI) said that “embracing technology” would see the sector create a raft of new jobs related to 3D printing, analytical engineering, and cyber-security among other roles — and should prompt significant investment in training for young people. … [Read more...] about Brexit Boom: British Car Industry to Create 320,000 New Jobs by 2030

“Urban refugees are facing job losses as businesses are forced to downsize or close due to COVID-19 restrictions. Many were daily wage workers or worked in the informal economy and were already living hand-to-mouth before the pandemic struck. Many urban refugees are also living in overcrowded and unhygienic conditions and are particularly vulnerable to the spread of the virus,” he said. … [Read more...] about Urban Refugees in East Africa Resort to Desperate Measures as COVID-19 Takes Hold

The overall number of Americans currently drawing jobless benefits dropped for the first time since the crisis began, from 25 million to 21 million. And first-time applications for unemployment benefits have fallen for eight straight weeks as states gradually let stores, restaurants and other businesses reopen and the auto industry starts up factories again. … [Read more...] about Europe’s social welfare net shows signs of wear from virus

The poll further reports on some of the economic consequences of the pandemic. It found that about 3 in 10 adults have had trouble paying household expenses, with 13% reporting difficulty paying for food and 11% having trouble with medical bills. Nearly 1 in 4 adults said that in the next year, they or a family member would probably turn to Medicaid, the federal-state health insurance program for low-income residents. … [Read more...] about Nearly half of Americans delayed medical care due to the coronavirus