The New Jobs Market Report Reveals Staggering Losses: Leading In Turbulent Times [Forbes]
JC PENNEY (JCP)
Last jc penney earnings: 2/27 07:30 am
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Source: Forbes
We Are Hiring, Motivational Recruitment Words Quotes ConceptGettyLast week,6.6 million Americansapplied for unemployment benefits. At least 10 million Americans are now out of work, more “than in the worst months of the last recession,” reportedThe New York TimesLooking to the future, 49% of companies say they are “very” or “somewhat” likely to conduct layoffs in the next three months, according toCNBC, and 37% say they have “already instituted a hiring freeze.” Economists from theFederal Reserve Bank of St. Louisestimate unemployment rates could rise to a dire 32% in the second quarter of the year.For a deeper dive into the data, the Bureau of Labor Statistics (BLS) released itsmonthly employment reportthis morning. Though the numbers reflect the situation in early March, when much of the economy remained open, they still offer a look at which industries struggled early under the weight of this pandemic. I have also gathered more recent data to share which industries are in the oppo
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