PYMNTS

MAY 8, 2020

Nonfarm jobs fell by 20.5 Employment fell sharply in all major industry sectors, with the heaviest job losses in leisure and hospitality, where jobs plummeted by 7.7 Nearly three-quarters of the losses occurred in foodservice and bars, down 5.5 million in April, and the unemployment rate rose to 14.7

Industry 173

Industry Report Retail Data 173

PYMNTS

SEPTEMBER 23, 2020

The coronavirus crisis wiped out the equivalent of nearly half a million jobs around the world by the end of June, according to a new study by a United Nations agency. percent during the first three quarters of 2020 compared to 2019, for a total loss if income of more than $3.5 trillion, the ILO reports. 23) press release.

Report 178

Report United States Study Regional 178

PYMNTS

MARCH 6, 2020

That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. According to the BLS report, healthcare and social assistance saw the largest employment gains, with 57,000 new jobs. General merchandise stores lost 14,400 jobs.

Retail 150

Retail Report San Francisco Conference 150

PYMNTS

APRIL 22, 2020

million workers are likely to have filed unemployment claims in the past week, bringing the total coronavirus -related job losses to around 26 million, according to a report by CNBC. million jobs lost at that time. Swonk said the pace of losses is slowing, although “the pain is compounding.”. An additional 4.3

US 130

US Michigan Pennsylvania Comparison 130

PYMNTS

JANUARY 8, 2021

businesses to create jobs, months into a global pandemic that, as is well-known, has disrupted Main Street SMBs’ operations. Of the business verticals most impacted in December, leisure and hospitality companies lost roughly half a million positions in the period, giving up 498,000 positions. This measure is 1.0

Trends 211

Trends Report Survey Maine 211

PYMNTS

OCTOBER 22, 2020

HSBC will be restructuring its commercial banking business in Britain which will result in 300 job cuts, according to Reuters. In June, HSBC resumed its plans to cut around 35,000 jobs after the plans had been temporarily put on ice during the pandemic. The restructuring is worth $7.2 Half of the bank's revenue comes from Asia.

Taxes 229

Taxes 229

PYMNTS

JULY 17, 2020

It also seeks grants or interest-free loans to small to medium-sized businesses (SMBs) that don’t meet the requirements to access proposed government actions, but were “viable” before the pandemic. The projected job losses increase to 350,000 when including indirect jobs via shopper spending and supply chain.

Groups 143

Groups Retail Data Meeting 143

PYMNTS

NOVEMBER 4, 2020

London-based Lloyd’s plans to cut roughly 730 additional jobs as part of its ongoing restructuring plan, which had been put on hold earlier this year due to the COVID-19 pandemic. The job cuts will be largely in its technology and retail operations. While the bank intends to create 300 new jobs, it will eliminate more than 1,000.

Google 160

Google Online Tools Report 160

PYMNTS

NOVEMBER 13, 2020

Star Indonesian startup Gojek is moving closer to eventual profitability after staunching a tide of ink amid losses on core services like delivery and ride-hailing, according to a new report. 13), with the business having gotten its start in a Jakarta call center. Gojek celebrated its 10 anniversary on Thursday (Nov.

US 222

US Report Company Payments 222

PYMNTS

JUNE 5, 2020

Will we look back at today as the turning point in the battle against the pandemic — not in terms of vaccines or flattened curves, but in terms of the job market? million jobs in May — a far cry from the 8.3 million job losses that analysts had expected. million jobs in March and April. million jobs.

Report 130

Report US Maine Data 130

Abrigo

MAY 18, 2023

In a banking context, the scope is the number of different operations you do on the job and the frequency with which you do them. For example, if you work in a factory assembly line putting doors on cars, you are doing one specialized task repeatedly, so the scope of your job is low.

Lending 195

Lending Training Guidelines Policies 195

PYMNTS

DECEMBER 30, 2019

s high streets have been hit with the hardest times in a quarter of a century with the closure of 16,000 stores this year and 140,000 jobs lost, according to reports. According to a study by the Center for Retail Research (CRR), More than 2,750 jobs were lost every week — about 61 every working day. Retail is still the U.K.’s

Retail 132

Retail Study Taxes Groups 132

PYMNTS

AUGUST 28, 2020

But MGM said it still plans to bring those workers back on-staff as business demand ramps back up. million jobs in July, which was better than analysts’ expectations, and the unemployment rate fell to 10.2 The company said the losses were driven by the temporary closure of casino operations in the U.S., While the U.S.

Operations 249

Operations Community Report Company 249

TheGuardian

NOVEMBER 4, 2020

Bank urged to put restructuring plans on hold because of Covid second wave Lloyds Banking Group plans to cut a further 1,070 jobs despite reporting better-than-expected profits on the back of a UK mortgage boom less than a week ago.

Groups 92

Groups Report 92

PYMNTS

SEPTEMBER 4, 2020

million jobs in August while the nation’s unemployment rate fell to 8.4 million jobs created. Other improvements were seen in retail where 249,000 jobs were added, with nearly half of the growth in general merchandise stores. Still, the number of nonfarm payroll jobs in August was less than the 1.8 percent, down from 10.2

US 143

US Report Retail Marketing 143

Abrigo

SEPTEMBER 6, 2019

This morning’s BLS Employment Situation Report showed a disappointing 130,000 net jobs created for the month of August. Analysts had anticipated a gain of 150,000 jobs. Moreover, 25,000 of those jobs created were by the Federal Government due to hiring for Census-related activities. growth pace.

Report 150

Report Course Retail Data 150

PYMNTS

SEPTEMBER 28, 2020

Sixty-five San Francisco Bay Area-based CUs reported processing business loans to the tune of $723 million through the Paycheck Protection Program (PPP) from mid-March to early July. CUs nationwide have helped in similar ways, extending relief programs to local communities to help keep consumers and businesses afloat. The intended $1.4

San Francisco 150

San Francisco Lending Community Innovation 150

PYMNTS

APRIL 15, 2020

Accenture and Verizon have launched a new initiative that aims to bring together the workers whose jobs have vanished overnight and the companies that may be booming in contrast. Bringing these two groups together – connecting both sides of the jobs equation – is critical to get displaced people back to work fast,” said Accenture.

Company 187

Company Resources Millennials Analytics 187

PYMNTS

JULY 7, 2020

Raphael Bostic , the president of the Federal Reserve Bank of Atlanta, whose reach extends into the south caught up in the resurgence of COVID-19 cases, said business reopening has leveled off. million nonfarm jobs in June and the unemployment rate fell to 11 percent, the U.S. The uptick in U.S. Labor Department reported.

Atlanta 130

Atlanta South Carolina North Carolina Arizona 130

PYMNTS

APRIL 9, 2020

The COVID-19 pandemic has triggered an unprecedented wave of business closures, placing millions out of work with no telling when they will be back to business as usual. How are consumers — especially those who live paycheck-to-paycheck — coping with the sudden and indefinite loss of reliable incomes?

US 342

US Data United States Survey 342

PYMNTS

APRIL 1, 2020

More than 66 million jobs across fields such as retail, food service and sales are at a high risk of layoffs because of the coronavirus ‘ widespread decimation of the American economy and work culture, according to Yahoo Finance , citing a St. Those jobs make up 17 percent of people. Louis Fed economist.

St. Louis 108

St. Louis Survey Policies Data 108

TheGuardian

NOVEMBER 7, 2023

Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal Business live – latest updates UBS has reported a $785m (£637m) quarterly loss, its first in nearly six years, as the Swiss banking group counted the costs of rescuing its rival Credit Suisse earlier this year.

Report 53

Report Groups 53

PYMNTS

MARCH 17, 2020

hunkers down indoors to control the spread of the coronavirus, people are starting to fret about their jobs, with experts saying some 50 percent could end up unemployed, according to a CNN report on Monday (March 16). That’s a prescription for people going into the bunker and for job losses.”. As the U.S.

US 189

US Analytics Study National 189

PYMNTS

SEPTEMBER 24, 2020

The labor market has recovered since, and the stock market losses from early on in the pandemic have bounced back. Job losses have also hit some communities harder, with 25 percent of adults saying they lost a job or live with someone who had. Young adults and lower-income adults were the hardest-hit.

Survey 133

Survey Community Meeting Marketing 133

PYMNTS

APRIL 8, 2020

That’s in addition to the almost 10 million that have filed since government efforts to thwart the virus started forcing businesses to close their doors in March. However, the claims are probably only a fraction of the actual number of people who have lost their jobs since the companies and economy abruptly shut down.

US 229

US America Strategy Report 229

PYMNTS

MAY 15, 2020

A recent economic survey forecasts that 42 percent of layoffs will bring about permanent job losses. In a televised interview on CNBC , University of Chicago Booth School Professor Steven Davis pointed to the airline industry as one example of job losses that won’t be temporary. That’s a lot of lost jobs,” he said.

Chicago 132

Chicago Survey Meeting Industry 132

PYMNTS

APRIL 9, 2020

What’s not so clear is when those jobs will return or what will happen to the employees who have lost those jobs as a result of the COVID-19 pandemic. It’s easier for many in office jobs to continue work as usual.”. According to an informal survey of professors at Wharton , many jobs could come back once restrictions are lifted.

Retail 157

Retail System Survey Report 157

PYMNTS

MARCH 19, 2020

Millions of Americans are working from home or not working at all as businesses shutter or reduce hours in the wake of the coronavirus pandemic, according to a report by The Wall Street Journal on Thursday (March 18). . Most of the losses were in the entertainment and leisure sectors. . “We

Industry 130

Industry Report 130

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Takeaway 2 In 2021, ransomware, business email compromise (BEC) schemes, and cryptocurrency crime were among the top incidents reported. These measures can help. we can help.

Fraud 195

Fraud Training cryptocurrency Software 195

PYMNTS

APRIL 6, 2020

A March survey of consumer expectations by the Federal Reserve Bank of New York released Monday (April 6) found mounting worries over job losses, debt and spending as the coronavirus continues to wreak havoc on the U.S. According to the data, the number of consumers who said losing their jobs seemed a “probability” was 18.5

New York 131

New York Survey Study Online 131

PYMNTS

AUGUST 20, 2019

The project will create 3,000 new jobs and more than $75 million in capital investment. “I I am proud to welcome Uber’s investment in the great state of Texas, along with the 3,000 jobs the company will bring to its new Dallas office,” Abbott said in a press release. Analysts were expecting Uber to post a loss — $3.12

Texas 134

Texas Dallas Regional Innovation 134

PYMNTS

OCTOBER 1, 2019

The top five frauds to which millennials report losing money are online shopping frauds, business imposters, government imposters, fake check scams and romance scams. Of that, online shopping accounted for $71 million in reported losses, and government imposter scams were close behind, with $61 million in reported losses.

Millennials 149

Millennials Fraud Report social media 149

PYMNTS

JULY 23, 2020

Analysts noted governors in several states where businesses have reopened were forced to shutter them for a second time as the coronavirus spread. California suffered from losses in the service industry while Washington saw job losses in manufacturing, arts, entertainment, and recreation, accommodation and food services.

Georgia 188

Georgia Washington Florida Louisiana 188

PYMNTS

DECEMBER 4, 2020

JPMorgan: Year-End Deal-Making Surge Will Keep Bankers Busy. The year-end acceleration of mergers and acquisitions worldwide will keep bankers busy until the close of 2020, with deals emerging in most regions and industries, Bloomberg reported. Census Data: A Third of Americans Expect Job Losses, Less Pay.

Payments 153

Payments Millennials United States Survey 153

PYMNTS

JANUARY 21, 2021

She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Its impact was felt by consumers and businesses alike, compounding an already precarious financial outlook. Businesses also increasingly found themselves the target of highly sophisticated fraud schemes.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

MARCH 4, 2020

The newest wave of job reductions would cut the company’s headcount to 25,000 across more than 80 nations, according to reports. The job reductions would reportedly have a big effect on OYO ’s business in China, India and the U.S.

Exercises 130

Exercises National Report Marketing 130

PYMNTS

MARCH 19, 2020

In today’s top news, due to the coronavirus, over 3,600 workers have lost their jobs and JPMC has temporarily closed 1,000 branches. Coronavirus Triggers Job Losses, Reduced Hours. Over 3,600 workers — not counting restaurant staff-have lost jobs because of the coronavirus pandemic.

FDIC 130

FDIC Utah Payments Mobile 130