Plain Dealer (September 3)
“Greater Cleveland’s economy has been hit harder than most large metro areas across the country during the coronavirus crisis…. Just three of the 40 largest metro areas – New York, Las Vegas and Boston – have done worse in terms of job losses than Cleveland’s 12% decline from July 2019 to July 2020.”
Tags: Boston, Cleveland, Coronavirus, Crisis, Decline, Economy, Hit harder, Job losses, Las Vegas, New York
Forbes (February 18)
“Drawn by generous incentives and the opportunity to sell directly into a unifying Europe, the car industry became a poster child for inward investment.” Now the survival of this industry in the UK is at stake. Honda’s scheduled plant closing “comes after last month’s announcement of up to 4,500 job losses at Jaguar Land Rover and news that Nissan’s new X-Trail model is to be made in Japan, not Sunderland.” Furthermore, “Toyota and Ford have warned of negative consequences in the case of Britain editing the European Union without a negotiated deal.”
Tags: Car industry, EU, Europe, Ford, Honda, Incentives, Investment, Jaguar Land Rover, Job losses, Nissan, Survival, Toyota, UK
Reuters (January 15)
“London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry.” The average asking price dropped 3.5%, year on year, to approximately 601,000 pounds.
Tags: Brexit, Expensive homes, Financial industry, Foreign buyers, Housing, Job losses, London, Purchase taxes, UK
Wall Street Journal (March 2)
“The fundamental economic issue facing America” is not headline-grabbing income inequality, but rather “jobs—their scarcity and the quality of those that people manage to find.” When the marginally employed are included, the real unemployment rate is closer to 13% and part-time jobs now account for 18% of the workforce. “Job losses in the low-wage and minimum-wage category is the critical issue of our day: Too many of the poor are not working full time or at all.”
Tags: Full-time, Income inequality, Job losses, Jobs, Minimum wage, Poor, Quality, Scarcity, U.S., Unemployment, Wages, Work, Workforce
