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British boot maker Dr. Martens has paid back a government aid package meant to support its workers during the coronavirus pandemic following a massive sales surge. The iconic brand known for its chunky footwear revealed the decision Wednesday as it reported a 48 percent revenue spike that nearly doubled its profits for the fiscal year …
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Some 963,000 million Americans applied for unemployment benefits last week as initial jobless claims dipped below 1 million for the first time since mid-March, the feds said Thursday. But last week’s filings nonetheless drove the number of unemployment claims filed during the coronavirus pandemic above 56 million. New claims fell from 1.191 million the prior …
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Leaders of Amazon, Google, JPMorgan Chase and two dozen other giant companies have pledged to hire 100,000 New Yorkers from disadvantaged backgrounds by 2030. The 27 corporate titans formed the New York Jobs CEO Council to create paths to in-demand jobs for low-income, black, Latino and Asian workers, including 25,000 CUNY students, according to a …
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The U.S. unemployment rate dropped from 11.1 percent to 10.2 percent in July, beating economists’ predictions even as many states have paused or reversed their reopenings in light of coronavirus case spikes. Employers added 1.8 million jobs in July, according to the Labor Department’s Friday jobs report, a significant slowing down from the 4.8 million …
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The US economy’s growth slowed in July, adding just 1.8 million jobs following skyrocketing numbers of COVID-19 cases in states like Texas and Florida. The unemployment rate dropped to 10.2 percent, from 11.1 percent in June, data from the Bureau of Labor Statistics show. The numbers are the first look at the economy following the …
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Weekly unemployment claims fell last week to their lowest level since the coronavirus pandemic began, although claims continue to be filed at a rate unprecedented before the U.S. outbreak began. Initial jobless claims totaled 1.186 million for the week ending August 1, below the 1.42 million economists had expected and about 249,000 less than the …
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Alice + Olivia CEO Stacey Bendet’s app, Creatively, officially launched its job listings platform on Tuesday morning to provide opportunities to creatives who’ve lost their jobs or are simply looking for a new one. Brands that have posted job openings include Bendet’s own fashion brand plus HBO Max, Kim Kardashian’s line SKIMS, Lunya Flighthouse and …
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Some 1.48 million Americans applied for unemployment benefits last week as the labor market’s recovery from the coronavirus pandemic began to stall, new data show. Thursday’s figure from the US Department of Labor brought the number of initial jobless claims filed during the crisis to 47.2 million — more than the population of Spain. While …
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The rule of awkward silence is great for critical thinking–and a key in developing emotional intelligence. Love them or hate them, Elon Musk and Steve Jobs are known as two of the most brilliant minds the business world has ever seen. Yet, despite their ability to process information, think critically, and identify key insights–many of which helped …
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McDonald’s said it would hire about 260,000 restaurant staff in the US this summer, as stores reopen for diners after serving them through delivery, drive-thru and takeaway for weeks due to the COVID-19 pandemic. Earlier this week, the burger chain said its US sales fell in April and May due to the health crisis, but …