Macy's says it will rehire as many furloughed employees as it can once in-store retail business resumes.

Hello! This was the week that the economic toll of the coronavirus pandemic really became clear. On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high. As Joseph…

The coronavirus pandemic has shut nonessential businesses down for the time being, and many workers have been told to stay home in efforts to flatten the curve. Instead of layoffs, many companies have opted to furlough employees, or enforced unpaid time off. …

The novel coronavirus continues to cripple the global demand for oil, driving down the price to 17-year lows. Oil companies are among those that will be hurt the most. The breakeven oil price for an average company's cash flow is $25, about where the US bench…

Small businesses in the United States say promised help from the federal government and the Federal Reserve is welcome news in the battle to stay afloat through the coronavirus crisis, but needs to hit their bank accounts fast if it's to make a difference as …

Many workers say they are being made to continue doing non-essential work, despite government advice.

Government can enact broad policies without needing to specify a time frame for halting activity.

As Delta CEO Ed Bastian noted in a letter to the company's staff today, the company is now seeing more cancellations than new bookings over the next month. Only a few days ago, Delta was looking at a 15 percent capacity cut. Unlike some of its competitors, in…

RT @jw5502: @SrgtPreston @SpeakerMcCarthy Government workers don't get laid off. They get furloughed. Basically means any government servic…

Debt limits are raised periodically to cover existing approved loans but House (R) are demanding spending cuts for fiscal year 2024 If the debt limit is not raised by June 1st, the US will default on $31.4T - It means a cashless Treasury, furloughed federal workers & a recession-

RT @accountable_us: The @HouseGOP's political stunts could cause an economic doomsday for working Americans — who could see their jobs furl…

RT @accountable_us: The @HouseGOP's political stunts could cause an economic doomsday for working Americans — who could see their jobs furl…

RT @accountable_us: The @HouseGOP's political stunts could cause an economic doomsday for working Americans — who could see their jobs furl…

The @HouseGOP's political stunts could cause an economic doomsday for working Americans — who could see their jobs furloughed and Social Security and Medicaid benefits go unpaid if the country defaults on its debt. https://t.co/aavFgQqdbl

"Federal workers furloughed. Social Security checks for seniors on hold. Soaring mortgage rates. A global financial system sent reeling." https://t.co/0knKgXW1st

Federal workers furloughed. Social Security checks for seniors on hold. Soaring mortgage rates. A global financial system sent reeling. And, that's just a start: 7 doomsday scenarios if the U.S. crashes through the debt ceiling https://t.co/TxNjvgiMIe

RT @Nabeelfish: Cognizant will soon fire 24,000 and reason will be Google's AI partnership Plan is to half the workforce! Inside info! Wi…

RT @Nabeelfish: Cognizant will soon fire 24,000 and reason will be Google's AI partnership Plan is to half the workforce! Inside info! Wi…

Cognizant will soon fire 24,000 and reason will be Google's AI partnership Plan is to half the workforce! Inside info! Wipro has furloughed 30% of employees and bench policy has been slashed to 45 days that means only after 45 days - loss of pay! @upadhyay_harsh1 @entrackr

The man at the smoke shop says not so many nobles come by for liquor anymore. And Aunt Nina, who works at Lord Santelli’s estate, came home. She says the Lord’s entire staff is furloughed. Don’t you think... don’t you think that means——

Sir @richardbranson’s satellite launch company, @VirginOrbit, has furloughed almost all its staff for at least a week after an ‘all-hands’ meeting on 15th March. Explaining what it means for the company and what @spacegovuk thinks about it https://t.co/qPzEjVRatk https://t.co/Coyg2nOwCJ