BREAKING NEWS
US added a strong 227,000 jobs in November in bounce-back from October slowdown
Read full article: US added a strong 227,000 jobs in November in bounce-back from October slowdownAmerica’s job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month, when the effects of strikes and hurricanes had sharply diminished employers’ payrolls.
Fed tackles inflation with its most diverse leadership ever
Read full article: Fed tackles inflation with its most diverse leadership everWhen Diane Swonk first attended the Federal Reserve’s annual economic conference in Jackson Hole in the late 1990s, there was a happy hour for women who attended the event.
Long lines for aid in South Florida show the need for 2nd relief bill is dire
Read full article: Long lines for aid in South Florida show the need for 2nd relief bill is direLong lines for aid in South Florida show need for 2nd relief bill is direLocal officials say they need more help. Volunteers said there are a lot of people that are out of work in South Florida. “We know that without access to good jobs, there is no health,” said Melida Akiti, the vice-chair of the Health Foundation of South Florida. Akiti added the coronavirus pandemic has worsened economic inequality in South Florida. Holness, Rick Beasley, of Career Source of South Florida, and Ron Moffett, of Career Source Broward.
Seeing more shoppers? Don’t confuse that with an economic rebound
Read full article: Seeing more shoppers? Don’t confuse that with an economic reboundMIAMI-DADE COUNTY, Fla. – At Dolphin Mall, festive music greets buoyant holiday shoppers like Laquan Jones, who says he was back shopping for the first time since the pandemic began. But economists like Diane Swonk say we shouldn’t confuse an economic pick-up with a rebound. @DianeSwonk warns not to confuse an economic pick-up with a rebound. "Only 60.2% of consumers plan to shop In-Store during 2020 holiday shopping season. “The current overall economic condition in Miami-Dade County is a derivative of the regional and national decline in economic activity due to the COVID-19 pandemic,” the audit says.
Labor Day caravan held in Miami Springs to honor local frontline workers
Read full article: Labor Day caravan held in Miami Springs to honor local frontline workersMIAMI SPRINGS, Fla. – The Miami Springs community is paying tribute to the healthcare heroes who have been working so tirelessly during the pandemic. On this Labor Day, amid a pandemic, it’s been a year where many became familiar with the term ‘essential workers’ to talk about our frontline community members. Added Mitchell: “We have people out of work on Labor Day, people worried sick,” people not sure how to make ends meet. Added Mitchell: “Labor Day becomes a different monster during the pandemic we got to look at what needs to happen. Right now, local, state and municipality governments are having to pick up the reins because we don’t have a national plan.
Pandemic pods gaining popularity as parents seek help with distance learning
Read full article: Pandemic pods gaining popularity as parents seek help with distance learningParents are creating pandemic pods by teaming up to pool resources to hire teachers or tutors to help oversee distance learning. The idea: Parents joining forces to hire the help they need to make the logistics of virtual school possible while maintaining jobs needed to provide economically for the family. In middle school, parents were nervous there was a gap in their learning, she said. And there is State of Kid in Miamis Design District, offering on-site space for kids six or less in a pandemic pod created by parents. What is a pandemic pod?
Coronavirus pandemic wipes out decade of job gains in 1 month
Read full article: Coronavirus pandemic wipes out decade of job gains in 1 monthWithout a vaccine to prevent the coronavirus disease, economists warn the downturn in the leisure and the hospitality industries is just beginning. On Friday, the feds reported the unemployment rate surged to 14.7% -- erasing a decade of job gains in one month. Some economists estimate the U.S. unemployment rate actually nears 24%. Without a vaccine, economists expect a lot of false starts. I fear that we are going to see yet another round of layoffs even as workers are called back.”More expert opinions: