U S Firms Shed 27000 Jobs In March Across Sectors
ADP payroll data show 27000 lost jobs in March with small firms hit hardest losing 90000 while medium and large firms still added workers. Economists expect larger declines in upcoming government figures and Moody's predicts 10 to 15 million job losses. construction spending also fell as COVID-19 spread. Bon Secours Mercy Health to furlough staff not directly aiding COVID response up to three months amid projected operating losses over 100 million monthly.
MENTIONED IN THIS ARTICLE
Washington
U.S
ADP
March
Harvey
Texas
Southeast
Mark Zandi
Moody's Analytics
Richmond
Bon Secours Mercy Health
Bon Secours
John Starcher
The
Richmond Times- Dispatch
Global oil crash and auto sales slump amid virus shock
The virus crisis drives a 70 percent drop in crude oil prices to about 20 dollars a barrel. Auto makers including Fiat Chrysler and Hyundai report steep March losses as Edmunds forecasts a sharp fall in quarterly sales. Quest Diagnostics faces reduced testing volumes while News Corp suspends 60 Australian print papers. Germany unveils a 2 billion euro startup aid package to sustain venture funding.
MENTIONED IN THIS ARTICLE
Fiat Chrysler
U.S
Hyundai
Edmunds.com
United States
Jessica Caldwell
Edmunds
Airline crews sign up to help hospitals
In Stockholm, SAS laid off workers including 21-year-old Filip Palmgren who is now joining a hospital training program. About 30 former SAS staff began training to assist in nursing homes and hospitals overwhelmed by patients and sick staff. Similar programs spread as airlines shift staff to frontline care amid the virus crisis.
MENTIONED IN THIS ARTICLE
Stockholm
Filip Palmgren
Scandinavian Airlines
SAS
Palmgren
U.K
easyJet
Virgin Atlantic
Germany
Lufthansa
U.S
Mathilda Malm
March ISM manufacturing index slips below 50 to signal contraction
American manufacturing contracted in March as ISM index fell to 49.1 from 50.1 in February signaling a pullback after a stretch of growth earlier in the year. New orders and factory employment hit the weakest since 2009 while production and export orders declined amid COVID-19 disruptions.
MENTIONED IN THIS ARTICLE
Institute For Supply Management
Association of Purchasing Managers
Timothy Fiore
ISM
Europe
Ian Shephardson
Pantheon Macroeconomics
Donald Trump
China
Swimwear Factory Converts to Mask Making in Conway
A Conway swimwear factory shifts from custom swimsuits to sewing elastic into N95 masks on March 30 2020 as part of the coronavirus response. Tidelands Health delivers 35000 masks from storage with degraded elastic bands. Sewers at the plant include workers such as Jason Lee.
MENTIONED IN THIS ARTICLE
Donald Trump
Deborah Birx
White House
James Brady
Washington
Alex Brandon
Conway
Tidelands Health
Jason Lee
the Sun News
Also Mentioned on This Page
Commerce Department
Saudi Arabia
Russia
Trump
Vladimir Putin
Mohammed bin Salman
Quest Diagnostics
New Jersey
Quest
News Corp
Australia
New South Wales
Victoria
Queensland
South Australia
Journalists’ Union
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