Topic: us-jobs

US Fed says outlook uncertain, stimulus 'essential'

US Fed says outlook uncertain, stimulus 'essential'

Heather Scott, Agence France-Presse
Posted at Sep 17 09:02 AM

The Federal Reserve pledged Wednesday to keep boosting the US economy with low rates to help recover the tens of millions of jobs lost in the pandemic, but said additional help from the government will be key.   Read more »

Unemployment claims in US show layoffs continue to batter economy

Unemployment claims in US show layoffs continue to batter economy

Patricia Cohen and Gillian Friedman, The New York Times
Updated as of Sep 04 12:19 PM

More than five months after the coronavirus pandemic began throttling the economy, layoffs remain widespread, the U.S. government reported Thursday, the latest sign of the labor market’s painstakingly slow recovery.   Read more »

Fed unveils major policy shift to maximize job growth

Fed unveils major policy shift to maximize job growth

Heather Scott, Agence France-Presse
Posted at Aug 28 09:04 AM

The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximizing employment for the benefit of lower income families, while ratcheting back its emphasis on fighting inflation.  Read more »

As the pandemic forced layoffs, CEOs gave up little

As the pandemic forced layoffs, CEOs gave up little

Peter Eavis, The New York Times
Posted at Jul 30 07:57 AM

Only a small percentage of the companies cut salaries for their senior executives at all, which is surprising given that the pandemic has crushed profits and sales for many companies, forcing large layoffs. But even among businesses that did cut the boss’s pay, two-thirds of the chief executives took reductions that were equivalent to only 10 percent or less of their 2019 compensation, according to an analysis by CGLytics, a compensation analysis firm. Read more »

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