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Postal Service Indicates Layoffs Could Be on the Horizon

Postal Service Indicates Layoffs Could Be on the Horizon

The U.S. Postal Service is leaving the door open to involuntary layoffs as it seeks to downsize its managerial and administrative staff, part of an ongoing effort to reorganize the agency. USPS first announced it would offer voluntary early retirement to eligible...

U.S. Service Industries Expand at Slowest Pace in Nine Months

U.S. Service Industries Expand at Slowest Pace in Nine Months

Growth at U.S. service providers slowed to a nine-month low in February as companies grappled with logistical challenges and rising prices at the same time a stretch of severe winter weather gripped much of the nation. The Institute for Supply Management’s services...

Millions Will Have to Change Jobs to Keep Up

Millions Will Have to Change Jobs to Keep Up

The pandemic has sped up transformations in the labor market that could force more than 10% of workers in the United States into a new line of work, according to a new report. In the U.S., 17.1 million people will likely need to change jobs in the future, a 28%...

What recovery? Garment factories are fighting to survive

What recovery? Garment factories are fighting to survive

Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack. The global apparel industry, reeling from a punishing 2020, is seeing its hopes of...

Deep Low-Wage Job Losses Create Phantom Raises

Deep Low-Wage Job Losses Create Phantom Raises

Jobs lost during the pandemic are so skewed to lower-income Americans that the average wage didn’t suffer in this tough economy like you might think. In fact, it’s misleadingly high, now topping $30 an hour. Average hourly wages in the U.S. continued to increase in...

What’s the Future of Traditional Retail?

What’s the Future of Traditional Retail?

Did the events of 2020 and the associated changes in shopping behavior break the classic brick-and-mortar retail model? The combination of Covid-19 lockdowns, supply chain problems, and economic woes accelerated digital retailing in several areas of the economy. While...