layoffs

Economy

Picture of US economy is worrisome as virus inflicts damage

Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the virus is intensifying the threats to an economy still struggling to recover

Business

Pre-election economy: Unemployment falls, but hiring slows

The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment rate fell to 7.9% — a mixed result for President Donald Trump, who has staked his reelection in part on the economy. The Labor Department said Friday that employers added just 661,000 jobs last

State

American Airlines says Arizona to lose fewer jobs than first threatened

American Airlines told more than 1,300 Phoenix employees in July they were at risk of furlough or layoff this fall, but the company insisted this week that the actual impact on Arizona workers will be smaller. Arizona on Tuesday released a Worker Adjustment and Retraining Notice – which companies must file when they anticipate large-scale

State

Threatened American Airlines layoffs leave Arizona employees anxious

American Airlines’ announcement that it could let go up to 19,000 workers on Oct. 1 has left the airline’s roughly 10,000 employees in Arizona worried, but hopeful the state can avoid the worst of the cuts. The airline has not specified which regions of the country will see the cuts – which American executives said

National

Gone for good? Evidence signals many jobs aren’t coming back

Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed significantly after a brief rebound in the spring. As the coronavirus continues to transform a vast swath of the economy, it’s becoming evident that

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