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Silver lining for jobseekers as edtech, pharma, e-commerce, logistics sectors to continue hiring

Recruitment experts at Manpower, KellyOCG, PeopleStrong, and Xpheno predict that even as many sectors see widespread layoffs, there will be a silver lining in sectors like edtech, ecommerce/internet, transport and logistics, as well as pharma that continue to hire.




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Preethi Kitchen Appliances forays into cook hobs

Preethi is exporting products to the US, Asian and African countries and it currently constitutes around 8% of its revenue.




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Online furniture seller Wayfair cuts 550 jobs, 3% of workers

Most of the layoffs are at its Boston headquarters and its European office in Berlin. The company has about 17,000 employees worldwide.




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In times of Covid, diamond jobs are not forever

India, the world’s largest diamond polishing hub that employs over one million people, is likely to see a staggering 50% job loss. Diamond merchants are struggling to manage their inventories or pay salaries to their craftsmen. Knock-on effects are being felt by one million more workers employed in the gems and jewellery industry.




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Rockford Airport To Add 500+ Cargo Jobs

Pinnacle Logistics and the Chicago Rockford International Airport announced 500 new jobs to support additional cargo flights at the airport. According to a news release, Pinnacle Logistics provides scheduled surface transportation, supply chain management, cargo, aircraft handling and parking services. The release says more positions will be added in coming months. The jobs include entry level positions, leads, supervisors and managers on duty, as well as dockworkers, forklift drivers, and ramp and cargo warehouse handling agents. The available positions are seasonal and permanent. “We knew our cargo growth would produce more jobs in 2019 and this is just the beginning,” said Mike Dunn, executive director at RFD. “We are glad to partner with Pinnacle Logistics and proud that our job creation continues to put us on the map for our exceptional cargo operations.” In July, the airport announced its rank as the 22nd largest airport in the nation for air cargo volume, up from a ranking of 31




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Stuck at home? Your nature observations can help scientists (and maybe your mood)




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Europe's Economy Was Hit Hard Too, But Jobs Didn't Disappear Like In The U.S.

When the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world. But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work. "I woke up a couple of hours later than I normally would. I won't lie," Maher said one afternoon earlier this month. "I took a nice long masked and gloved walk. I've got a remote personal training like fitness session in about 20 minutes." The United Kingdom recently began paying 80% of the salaries of workers laid off because of the coronavirus pandemic. The government caps the pay at about $3,000 a month, but many employers, including the London-based video streaming service where Maher works, add to what the government hands out. Maher also doesn't need to worry about being left without health care coverage, thanks to Britain's National Health Service. Across




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Deluge Continues: 26 Million Jobs Lost In Just 5 Weeks

Updated at 8:46 a.m. ET The number of people forced out of work during the coronavirus lockdown continues to soar to historic highs. Another 4.4 million people claimed unemployment benefits last week around the country, the Labor Department said . That brings the total of jobless claims in just five weeks to more than 26 million people. That's more than all the jobs added in the past 10 years since the Great Recession. Still, the pace of job losses is slowing. About 5.2 million filed during the week that ended April 11 and last week was the third consecutive week of declines. Don't see the graphic above? Click here. The coronavirus crisis has suddenly ended a decade of remarkable job growth. The unemployment rate, which sank to nearly 50-year lows, is expected to soar into double digits. The pace of job losses has the broader population worried. A Gallup poll found that a quarter of working Americans believe they will lose their jobs in the next 12 months. That's a record high. The




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20.2 Million Private-Sector Jobs Are Gone

The private sector slashed a record 20.2 million jobs between March and April — a somber preview of Friday's monthly jobs report. That's up from the 149,000 private jobs cut a month earlier. The ADP National Employment Report released Wednesday was not surprising, given that more than 30 million people have filed for unemployment benefits as the coronavirus pandemic shut down much of the economy. But the latest numbers are stunning nonetheless. "Job losses of this scale are unprecedented," said Ahu Yildirmaz, co-head of the ADP Research Institute. "The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession." Small businesses cut 6 million jobs, medium businesses 5.3 million and large businesses nearly 9 million, ADP said. The service sector cut 16 million jobs — including 8.6 million in leisure and hospitality. Manufacturing jobs fell by 4.3 million. The Labor Department's official report for April, which also




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Friday's Jobs Numbers Will Be Brutal But Won't Tell The Whole Story

The Labor Department is expected to deliver a historically bad employment report Friday, showing millions of jobs lost last month as the jobless rate soared to around 16% — the highest level since the Great Depression. Unemployment inched up to 4.4% in March as the coronavirus began to take hold in the United States. It approached 25% during the Great Depression and remained elevated until World War II. As painful as the report for April will be, it won't tell the full story of the economic wreckage left by the coronavirus and the government's drastic efforts to control it. The report is based on surveys conducted in the middle of April, and claims for jobless benefits suggest that millions of additional jobs have been lost since then. What's more, the headline unemployment figure includes only people who are actively looking for work and those on temporary furlough, ignoring millions more who have been involuntarily idled by the pandemic. Even with those limitations, the April




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One For The History Books: 14.7% Unemployment, 20.5 Million Jobs Wiped Away

Updated at 11:43 a.m. ET The Labor Department delivered a historically bad employment report Friday, showing 20.5 million jobs lost last month as the nation locked down against the coronavirus. The jobless rate soared to 14.7% — the highest level since the Great Depression. The highest monthly job loss before this was 2 million in 1945, as the nation began to demobilize after World War II. The worst monthly job loss during the Great Recession was 800,000 in March 2009. Loading... Don't see the graphic above? Click here. Unemployment was 4.4% in March as the coronavirus began to take hold in the U.S. It approached 25% during the Great Depression and remained elevated until World War II. Loading... Don't see the graphic above? Click here. The carnage was felt across industries in April. With most travel shut down, leisure and hospitality jobs fell by 7.6 million. The retail and health care sectors each dropped by 2.1 million. Manufacturing lost 1.3 million and government jobs fell by 980




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Eine geheime Liebe macht obsessiv

Eine Beziehung, die – aus welchem Grund auch immer – geheim bleiben muss, macht den Partner attraktiver. Dafür leidet diese Art Partnerschaft allerdings unter anderen Problemen.




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956- Shovels & Rope, Cris Jacobs, Kelsey Waldon, Wayne Graham, Tyler Grant & Robin Kessinger

Live performances from Shovels & Rope, Cris Jacobs, Kelsey Waldon, Wayne Graham, and Tyler Grant & Robin Kessinger. Recorded in Charleston, WV Sunday Oct. 06, 2019. Support provided by Adventures on the Gorge. https://adventuresonthegorge.com/




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Week In Politics: U.S. Jobs Report, DOJ Drops Criminal Case Against Michael Flynn

Copyright 2020 NPR. To see more, visit https://www.npr.org.




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One For The History Books: 14.7% Unemployment, 20.5 Million Jobs Wiped Away

Updated at 11:43 a.m. ET The Labor Department delivered a historically bad employment report Friday, showing 20.5 million jobs lost last month as the nation locked down against the coronavirus. The jobless rate soared to 14.7% — the highest level since the Great Depression. The highest monthly job loss before this was 2 million in 1945, as the nation began to demobilize after World War II. The worst monthly job loss during the Great Recession was 800,000 in March 2009. Loading... Don't see the graphic above? Click here. Unemployment was 4.4% in March as the coronavirus began to take hold in the U.S. It approached 25% during the Great Depression and remained elevated until World War II. Loading... Don't see the graphic above? Click here. The carnage was felt across industries in April. With most travel shut down, leisure and hospitality jobs fell by 7.6 million. The retail and health care sectors each dropped by 2.1 million. Manufacturing lost 1.3 million and government jobs fell by 980




obs

Help me apply to jobs (New York, NY)

I have some mental illness/executive function/autism issues that make applying to jobs a particularly excruciating and time consuming, and I need someone to help look through listings, customize my resumes and cover letters and send them out.

We would meet at a cafe for a few hours each week to coordinate and figure out a strategy and a weekly schedule, and depending on what makes sense at the time, either we'd crank through applications together, or you'd go off and work through them on your own.

I can pay $40/hr plus a $500 bonus if one of the applications you work on leads to me accepting a job.




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Jetzt erfasst die Corona-Krise auch Akademiker-Jobs

Die Corona-Krise verschont keinen – auch nicht die vermeintlich sicheren Jobs von Hochschulabsolventen. Experten befürchten, dass fast 13 Millionen Arbeitsplätze von Akademikern in Europa wackeln. Das Risiko ist aber extrem ungleich verteilt.




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Auf Jobsuche in der Corona-Krise – das müssen Sie beachten

Arbeitssuche ist zermürbend, die Corona-Krise verschärft das Problem noch. Die Arbeitsämter sind zwar geschlossen, doch der Betrieb läuft und auch die Fristen gelten weiterhin. Was Ihnen in dieser Situation an staatlicher Hilfe zusteht.




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One For The History Books: 14.7% Unemployment, 20.5 Million Jobs Wiped Away

Updated at 11:43 a.m. ET The Labor Department delivered a historically bad employment report Friday, showing 20.5 million jobs lost last month as the nation locked down against the coronavirus. The jobless rate soared to 14.7% — the highest level since the Great Depression. The highest monthly job loss before this was 2 million in 1945, as the nation began to demobilize after World War II. The worst monthly job loss during the Great Recession was 800,000 in March 2009. Loading... Don't see the graphic above? Click here. Unemployment was 4.4% in March as the coronavirus began to take hold in the U.S. It approached 25% during the Great Depression and remained elevated until World War II. Loading... Don't see the graphic above? Click here. The carnage was felt across industries in April. With most travel shut down, leisure and hospitality jobs fell by 7.6 million. The retail and health care sectors each dropped by 2.1 million. Manufacturing lost 1.3 million and government jobs fell by 980




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Week In Politics: U.S. Jobs Report, DOJ Drops Criminal Case Against Michael Flynn

Copyright 2020 NPR. To see more, visit https://www.npr.org.




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Episode 0x1A: Comments on Jobs

Bradley and Karen discuss the various news and comments on Steve Jobs' death and his legacy, and their own thoughts on the issue.

Show Notes:

Segment 0 (00:36)

  • Bradley still hasn't made the blog post he keeps saying he'll make about one year at Conservancy. (01:30
  • Bradley mentioned the character Cat from Red Dwarf's obsession with “shiny things” in the episode Waiting for God. (20:23)
  • Segment 1 (21:12)

Segment 1 (33:40)


Send feedback and comments on the cast to <oggcast@faif.us>. You can keep in touch with Free as in Freedom on our IRC channel, #faif on irc.freenode.net, and by following Conservancy on on Twitter and and FaiF on Twitter.

Free as in Freedom is produced by Dan Lynch of danlynch.org. Theme music written and performed by Mike Tarantino with Charlie Paxson on drums.

The content of this audcast, and the accompanying show notes and music are licensed under the Creative Commons Attribution-Share-Alike 4.0 license (CC BY-SA 4.0).




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This Song: Ghostland Observatory

Thomas Ross Turner from Ghostland Observatory explains how hearing "White Horse" by Laid Back piqued his interest in electronic music and started him on his journey as a musician.




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LALA Is A FREE LA-2A Limiting Amplifier VST By Analog Obsession

Analog Obsession has released LALA, a freeware emulation of the LA-2A tube compressor in VST, VST3, and AU plugin formats for digital audio workstations on PC and Mac. LALA is Analog Obsession’s first emulation of the LA-2A Classic Leveling Amplifier. The plugin delivers all the core features of the original hardware unit, along with some [...]

View post: LALA Is A FREE LA-2A Limiting Amplifier VST By Analog Obsession




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Google Florida 2.0 Algorithm Update: Early Observations

It has been a while since Google has had a major algorithm update.

They recently announced one which began on the 12th of March.

What changed?

It appears multiple things did.

When Google rolled out the original version of Penguin on April 24, 2012 (primarily focused on link spam) they also rolled out an update to an on-page spam classifier for misdirection.

And, over time, it was quite common for Panda & Penguin updates to be sandwiched together.

If you were Google & had the ability to look under the hood to see why things changed, you would probably want to obfuscate any major update by changing multiple things at once to make reverse engineering the change much harder.

Anyone who operates a single website (& lacks the ability to look under the hood) will have almost no clue about what changed or how to adjust with the algorithms.

In the most recent algorithm update some sites which were penalized in prior "quality" updates have recovered.

Though many of those recoveries are only partial.

Many SEO blogs will publish articles about how they cracked the code on the latest update by publishing charts like the first one without publishing that second chart showing the broader context.

The first penalty any website receives might be the first of a series of penalties.

If Google smokes your site & it does not cause a PR incident & nobody really cares that you are gone, then there is a very good chance things will go from bad to worse to worser to worsterest, technically speaking.

“In this age, in this country, public sentiment is everything. With it, nothing can fail; against it, nothing can succeed. Whoever molds public sentiment goes deeper than he who enacts statutes, or pronounces judicial decisions.” - Abraham Lincoln

Absent effort & investment to evolve FASTER than the broader web, sites which are hit with one penalty will often further accumulate other penalties. It is like compound interest working in reverse - a pile of algorithmic debt which must be dug out of before the bleeding stops.

Further, many recoveries may be nothing more than a fleeting invitation to false hope. To pour more resources into a site that is struggling in an apparent death loop.

The above site which had its first positive algorithmic response in a couple years achieved that in part by heavily de-monetizing. After the algorithm updates already demonetized the website over 90%, what harm was there in removing 90% of what remained to see how it would react? So now it will get more traffic (at least for a while) but then what exactly is the traffic worth to a site that has no revenue engine tied to it?

That is ultimately the hard part. Obtaining a stable stream of traffic while monetizing at a decent yield, without the monetizing efforts leading to the traffic disappearing.

A buddy who owns the above site was working on link cleanup & content improvement on & off for about a half year with no results. Each month was a little worse than the prior month. It was only after I told him to remove the aggressive ads a few months back that he likely had any chance of seeing any sort of traffic recovery. Now he at least has a pulse of traffic & can look into lighter touch means of monetization.

If a site is consistently penalized then the problem might not be an algorithmic false positive, but rather the business model of the site.

The more something looks like eHow the more fickle Google's algorithmic with receive it.

Google does not like websites that sit at the end of the value chain & extract profits without having to bear far greater risk & expense earlier into the cycle.

Thin rewrites, largely speaking, don't add value to the ecosystem. Doorway pages don't either. And something that was propped up by a bunch of keyword-rich low-quality links is (in most cases) probably genuinely lacking in some other aspect.

Generally speaking, Google would like themselves to be the entity at the end of the value chain extracting excess profits from markets.

This is the purpose of the knowledge graph & featured snippets. To allow the results to answer the most basic queries without third party publishers getting anything. The knowledge graph serve as a floating vertical that eat an increasing share of the value chain & force publishers to move higher up the funnel & publish more differentiated content.

As Google adds features to the search results (flight price trends, a hotel booking service on the day AirBNB announced they acquired HotelTonight, ecommerce product purchase on Google, shoppable image ads just ahead of the Pinterest IPO, etc.) it forces other players in the value chain to consolidate (Expedia owns Orbitz, Travelocity, Hotwire & a bunch of other sites) or add greater value to remain a differentiated & sought after destination (travel review site TripAdvisor was crushed by the shift to mobile & the inability to monetize mobile traffic, so they eventually had to shift away from being exclusively a reviews site to offer event & hotel booking features to remain relevant).

It is never easy changing a successful & profitable business model, but it is even harder to intentionally reduce revenues further or spend aggressively to improve quality AFTER income has fallen 50% or more.

Some people do the opposite & make up for a revenue shortfall by publishing more lower end content at an ever faster rate and/or increasing ad load. Either of which typically makes their user engagement metrics worse while making their site less differentiated & more likely to receive additional bonus penalties to drive traffic even lower.

In some ways I think the ability for a site to survive & remain though a penalty is itself a quality signal for Google.

Some sites which are overly reliant on search & have no external sources of traffic are ultimately sites which tried to behave too similarly to the monopoly that ultimately displaced them. And over time the tech monopolies are growing more powerful as the ecosystem around them burns down:

If you had to choose a date for when the internet died, it would be in the year 2014. Before then, traffic to websites came from many sources, and the web was a lively ecosystem. But beginning in 2014, more than half of all traffic began coming from just two sources: Facebook and Google. Today, over 70 percent of traffic is dominated by those two platforms.

Businesses which have sustainable profit margins & slack (in terms of management time & resources to deploy) can better cope with algorithmic changes & change with the market.

Over the past half decade or so there have been multiple changes that drastically shifted the online publishing landscape:

  • the shift to mobile, which both offers publishers lower ad yields while making the central ad networks more ad heavy in a way that reduces traffic to third party sites
  • the rise of the knowledge graph & featured snippets which often mean publishers remain uncompensated for their work
  • higher ad loads which also lower organic reach (on both search & social channels)
  • the rise of programmatic advertising, which further gutted display ad CPMs
  • the rise of ad blockers
  • increasing algorithmic uncertainty & a higher barrier to entry

Each one of the above could take a double digit percent out of a site's revenues, particularly if a site was reliant on display ads. Add them together and a website which was not even algorithmically penalized could still see a 60%+ decline in revenues. Mix in a penalty and that decline can chop a zero or two off the total revenues.

Businesses with lower margins can try to offset declines with increased ad spending, but that only works if you are not in a market with 2 & 20 VC fueled competition:

Startups spend almost 40 cents of every VC dollar on Google, Facebook, and Amazon. We don’t necessarily know which channels they will choose or the particularities of how they will spend money on user acquisition, but we do know more or less what’s going to happen. Advertising spend in tech has become an arms race: fresh tactics go stale in months, and customer acquisition costs keep rising. In a world where only one company thinks this way, or where one business is executing at a level above everyone else - like Facebook in its time - this tactic is extremely effective. However, when everyone is acting this way, the industry collectively becomes an accelerating treadmill. Ad impressions and click-throughs get bid up to outrageous prices by startups flush with venture money, and prospective users demand more and more subsidized products to gain their initial attention. The dynamics we’ve entered is, in many ways, creating a dangerous, high stakes Ponzi scheme.

And sometimes the platform claws back a second or third bite of the apple. Amazon.com charges merchants for fulfillment, warehousing, transaction based fees, etc. And they've pushed hard into launching hundreds of private label brands which pollute the interface & force brands to buy ads even on their own branded keyword terms.

They've recently jumped the shark by adding a bonus feature where even when a brand paid Amazon to send traffic to their listing, Amazon would insert a spam popover offering a cheaper private label branded product:

Amazon.com tested a pop-up feature on its app that in some instances pitched its private-label goods on rivals’ product pages, an experiment that shows the e-commerce giant’s aggressiveness in hawking lower-priced products including its own house brands. The recent experiment, conducted in Amazon’s mobile app, went a step further than the display ads that commonly appear within search results and product pages. This test pushed pop-up windows that took over much of a product page, forcing customers to either click through to the lower-cost Amazon products or dismiss them before continuing to shop. ... When a customer using Amazon’s mobile app searched for “AAA batteries,” for example, the first link was a sponsored listing from Energizer Holdings Inc. After clicking on the listing, a pop-up window appeared, offering less expensive AmazonBasics AAA batteries."

Buying those Amazon ads was quite literally subsidizing a direct competitor pushing you into irrelevance.

And while Amazon is destroying brand equity, AWS is doing investor relations matchmaking for startups. Anything to keep the current bubble going ahead of the Uber IPO that will likely mark the top in the stock market.

As the market caps of big tech companies climb they need to be more predatious to grow into the valuations & retain employees with stock options at an ever-increasing strike price.

They've created bubbles in their own backyards where each raise requires another. Teachers either drive hours to work or live in houses subsidized by loans from the tech monopolies that get a piece of the upside (provided they can keep their own bubbles inflated).

"It is an uncommon arrangement — employer as landlord — that is starting to catch on elsewhere as school employees say they cannot afford to live comfortably in regions awash in tech dollars. ... Holly Gonzalez, 34, a kindergarten teacher in East San Jose, and her husband, Daniel, a school district I.T. specialist, were able to buy a three-bedroom apartment for $610,000 this summer with help from their parents and from Landed. When they sell the home, they will owe Landed 25 percent of any gain in its value. The company is financed partly by the Chan Zuckerberg Initiative, Mark Zuckerberg’s charitable arm."

The above sort of dynamics have some claiming peak California:

The cycle further benefits from the Alchian-Allen effect: agglomerating industries have higher productivity, which raises the cost of living and prices out other industries, raising concentration over time. ... Since startups raise the variance within whatever industry they’re started in, the natural constituency for them is someone who doesn’t have capital deployed in the industry. If you’re an asset owner, you want low volatility. ... Historically, startups have created a constant supply of volatility for tech companies; the next generation is always cannibalizing the previous one. So chip companies in the 1970s created the PC companies of the 80s, but PC companies sourced cheaper and cheaper chips, commoditizing the product until Intel managed to fight back. Meanwhile, the OS turned PCs into a commodity, then search engines and social media turned the OS into a commodity, and presumably this process will continue indefinitely. ... As long as higher rents raise the cost of starting a pre-revenue company, fewer people will join them, so more people will join established companies, where they’ll earn market salaries and continue to push up rents. And one of the things they’ll do there is optimize ad loads, which places another tax on startups. More dangerously, this is an incremental tax on growth rather than a fixed tax on headcount, so it puts pressure on out-year valuations, not just upfront cash flow.

If you live hundreds of miles away the tech companies may have no impact on your rental or purchase price, but you can't really control the algorithms or the ecosystem.

All you can really control is your mindset & ensuring you have optionality baked into your business model.

  • If you are debt-levered you have little to no optionality. Savings give you optionality. Savings allow you to run at a loss for a period of time while also investing in improving your site and perhaps having a few other sites in other markets.
  • If you operate a single website that is heavily reliant on a third party for distribution then you have little to no optionality. If you have multiple projects that enables you to shift your attention toward working on whatever is going up and to the right while letting anything that is failing pass time without becoming overly reliant on something you can't change. This is why it often makes sense for a brand merchant to operate their own ecommerce website even if 90% of their sales come from Amazon. It gives you optionality should the tech monopoly become abusive or otherwise harm you (even if the intent was benign rather than outright misanthropic).

As the update ensues Google will collect more data with how users interact with the result set & determine how to weight different signals, along with re-scoring sites that recovered based on the new engagement data.

Recently a Bing engineer named Frédéric Dubut described how they score relevancy signals used in updates

As early as 2005, we used neural networks to power our search engine and you can still find rare pictures of Satya Nadella, VP of Search and Advertising at the time, showcasing our web ranking advances. ... The “training” process of a machine learning model is generally iterative (and all automated). At each step, the model is tweaking the weight of each feature in the direction where it expects to decrease the error the most. After each step, the algorithm remeasures the rating of all the SERPs (based on the known URL/query pair ratings) to evaluate how it’s doing. Rinse and repeat.

That same process is ongoing with Google now & in the coming weeks there'll be the next phase of the current update.

So far it looks like some quality-based re-scoring was done & some sites which were overly reliant on anchor text got clipped. On the back end of the update there'll be another quality-based re-scoring, but the sites that were hit for excessive manipulation of anchor text via link building efforts will likely remain penalized for a good chunk of time.

Update: It appears a major reverberation of this update occurred on April 7th. From early analysis, Google is mixing in showing results for related midtail concepts on a core industry search term & they are also in some cases pushing more aggressively on doing internal site-level searches to rank a more relevant internal page for a query where they homepage might have ranked in the past.




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‘Wealth work’ captures only part of the stark jobs divide


The rich are employing more people to cater to their desires. But that's only part of a tidal wave of change coming to the workforce.




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The complex and explosive debate about immigration, wages and jobs


Immigration is good for the economy — that's the big picture. It doesn't mean some Americans aren't hurt in their paychecks and opportunities.




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Coronavirus unemployment: Bartenders, dental assistants top list of Washington’s hardest-hit jobs


About 14,800 initial unemployment claims by bartenders were filed from March 8 through April 25, which closely matches the number of people estimated to work as bartenders in Washington in the second quarter of 2020.




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Oregon Lottery cutting jobs, pay amid coronavirus pandemic


PORTLAND, Ore. (AP) — Oregon Lottery officials will slash 60 jobs and furlough most other workers in response to a budget gap that comes in the wake of the coronavirus pandemic and state stay-home order. The cuts come six weeks after Oregonians last gambled on video lottery machines, which bring in the majority of the […]




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Rant & Rave: Readers observe others not social distancing


RANT to families that are not social distancing their kids from others. Including those families from Western Washington that come to weekend homes in Central and Eastern Washington and don’t wear masks or social distance. RAVE to the O’Reilly employee who not only helped me, but took the time to teach me how to change […]




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Boeing will cut more than 15% of jobs in commercial jet division, CEO Calhoun says


Boeing will trim its total workforce by 10% to cope with the sharp aviation downturn that pushed it to a $641 million first-quarter loss.




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GE to slash 13,000 jobs in aviation amid air travel plunge


For GE, the stress on a key business threatens a broader turnaround effort as CEO Larry Culp attempts to pull the company from one of the deepest slumps in its history.




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10 takeaways from the worst jobs report in US history


BALTIMORE (AP) — Brutal. Horrific. Tragic. Choose your description. The April jobs report showed, in harrowing detail, just how terribly the coronavirus outbreak has pummeled the U.S. economy. Most obviously, there’s the 14.7% unemployment rate, the highest since the Great Depression. And the shedding of more than 20 million jobs, by far the worst one-month […]




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Why journalists at The Inlander didn’t jump for joy when a federal loan saved their jobs


Journalists at The Inlander, Spokane's alt-weekly, surprised their boss when they learned a federal loan would put their newsroom back together. Here's why.




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Stocks rise on hopes that awful jobs report marks the bottom


As bad as the April jobs report was, it wasn’t quite as bad as analysts were expecting, which sent stocks and bond yields rising early Friday.




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Rant & Rave: Readers observe others not social distancing


RANT to families that are not social distancing their kids from others. Including those families from Western Washington that come to weekend homes in Central and Eastern Washington and don’t wear masks or social distance. RAVE to the O’Reilly employee who not only helped me, but took the time to teach me how to change […]




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Coronavirus unemployment: Bartenders, dental assistants top list of Washington’s hardest-hit jobs


About 14,800 initial unemployment claims by bartenders were filed from March 8 through April 25, which closely matches the number of people estimated to work as bartenders in Washington in the second quarter of 2020.




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ADP: More than 20 million jobs vanished in April


BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the […]




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Small businesses cut jobs while waiting for government loans


NEW YORK (AP) — While thousands of small businesses waited for coronavirus relief money to arrive, they were shutting down and laying off workers. Two reports issued this week shed light on the crisis that business owners have been struggling through since the coronavirus hit. On Wednesday, payroll provider ADP said its small business customers […]




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Coronavirus unemployment: Bartenders, dental assistants top list of Washington’s hardest-hit jobs


About 14,800 initial unemployment claims by bartenders were filed from March 8 through April 25, which closely matches the number of people estimated to work as bartenders in Washington in the second quarter of 2020.




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One For The History Books: 14.7% Unemployment, 20.5 Million Jobs Wiped Away

U.S. employers shed a record number of jobs in April, as the unemployment rate climbed to the highest since the Great Depression. The coronavirus crisis has locked down much of the economy.




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U.S. Stocks Move Mostly Higher As Traders Shrug Off Record Jobs Losses

Following the notable advance seen in the previous session, stocks are seeing further upside in morning trading on Friday. With the continued upward move, the tech-heavy Nasdaq has reached its best intraday level in over two months.




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U.S. Stocks Turning In Lackluster Performance Following Dismal Jobs Data

Following the advance seen in the previous session, stocks have shown a lack of direction over the course of the trading day on Wednesday. The major averages have spent the day bouncing back and forth across the unchanged line.




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U.S. Private Sector Employment Plunges By More Than 20 Million Jobs In April

Private sector employment nosedived in the month of April, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment plunged by 20.236 million jobs in April after slumping by a revised 149,000 jobs in May.




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Traders Seem To View Dismal Jobs Data As Old News

The major U.S. index futures are currently pointing to a higher opening on Friday, with stocks likely to extend the strong upward move seen in the previous session.




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Asian Markets Rise Ahead Of U.S. Jobs Data

Asian stock markets are higher on Friday following the positive cues overnight from Wall Street on upbeat corporate earnings results and continued optimism about easing COVID-19 restrictions. A continued decrease in the number of new jobless claims in the U.S. also boosted sentiment. Investors now look ahead to the release of the U.S. jobs data for April later today.




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U.S. Employment Nosedives By Record 20.5 Million Jobs In April

Reflecting the effects of the coronavirus pandemic and efforts to contain it, the Labor Department released a report on Friday showing a record nosedive in employment in the U.S. in the month of April. The report said non-farm payroll employment plummeted by 20.5 million jobs in April after tumbling by a revised 870,000 jobs in March.




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KAPUSTIN, N.: Saxophone Chamber Music (E. Blumina, P. Bruns, Clair-Obscur Saxophone Quartet) (C5369)




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Michael Mosley on his new obsession: How to get a good night's sleep (using science)

Long before Michael Mosley became known for the 5:2 diet, he was obsessed with another topic — sleep. Dr Mosley returns to Life Matters to talk about his sleep tips, as well as what we can learn about sleep from some of our best-known celebrities, amongst them: Margaret Thatcher, Mark Wahlberg, and Keith Richards.




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'Ruin Porn' and our obsession with empty spaces




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Number of Australians on JobSeeker to hit 1.7 million by September

The number of Australians receiving unemployment benefits has jumped by more than half a million people in two months, as coronavirus continues to cripple the economy.