Month: February 2020

The brisk-disseminating lethal coronavirus (nCoV-19) has roiled not only the emanated country-China but its ramification outstretched across the globe in the first quarter of 2020. The U.S. economy propagated comparatively in the fourth quarter of the financial year. As prophesied by Fannie Mae the U.S. economic growth will be nurtured at the rate of 1.9 percent, contrast to the previous conjecture of 1.7 percent, regardless of the trade deal between the two prevalent economies of the world.

The trade confrontation has already chewed away at U.S. growth: the manufacturing sector has debilitated, residential fixed and business investment has deteriorated. In contrast, squat unemployment and robust job growth will continue to strengthen the U.S. consumer. The Consumer Price Index (CPI) exclusive of volatile food and energy components is prophesied to increase by 1.9% in 2020.

Data on the private sector in January exhibited that about 291,000 jobs opportunities were generated last month, the prime monthly gain since May 2015. Individuals and businesses across the U.S. must retrieve such figures frequently. The LaborAlert Application (available both for IOS and Android) developed by Kiwi Application-LLC (https://kiwiapplications.com/laboralertsapp/laboralerts-applications/) is a reflationary platform which updates on the employment situation in any department of interest, in a corporation across many states of the U.S. With economic markets tumbling across the globe, job cuts are becoming a theme everywhere in the States. LaborAlert Application providing a great device to monitor the labor market and offer alert to employs and employees in situation of layoffs, plant closing, workforce adjustment or complete shutdown.

As the consumer continues to fortify, “businesses will have to upsurge investment outlays in mandate to meet the persistent demand. Sustained demand will further sprout business fixed investment in 2020.

Housing was also anticipated to donate to economic growth in 2020. Acquisitions of homes and rental properties, also called residential fixed investment, propagated in the third quarter of 2019 for the first time since 2017, and is projected to persist in the fourth quarter though the haste may dwindle.

Combining these all factors it is prophesied that as the toxic nCoV-19 and trade quarrel has deteriorated the growth rate in the first three quarters of the financial year. This deterioration will be replaced by a modest growth rate in the last quarter of the financial year as nCoV-19 intensity is emaciated and trade disagreement is resolved between the two world prominent economies. Business and residential fixed investments are anticipated to propagate economic expansion. Economic expansion is further constructive for labor market stability.

As the tendency of nCoV-19 shrunken further throughout the sphere, the trade treaty between the U.S. and China will further sprout U.S. economic performance in the final quarter of this financial year and an upcoming financial period.

Labor Alerts also provides filtered statistics for companies in a given State. This tool helps the user analyze layoff data from the past and follow trends as well as forecast how the employment situation may change in the future.

To summarize, the LaborAlerts application allows you to:

• Create company layoff alerts by simply searching for the company and tapping on their “bell” symbol.
• See what companies or states are the largest affected by the layoffs or closings
• Share through social media or text.

To get started, the application need only be installed and asks for no personal data on the user. Although the application is free to use, the following subscription criteria makes for several options to suit your needs.

Download LaborAlerts on the App Store

Download LaborAlerts on the Google Play Store

Sync your devices such as your phone, and tablet to have easy access to your account and the information on the application.

The labor market sustained to the upswing in January, improved from 2 years worse point in December 2019. The accumulative tendency in labor market displays a warming demand for labor. According to the Bureau of Labor Statistic unemployment rate was slightly altered in January, touched the 50 years lower rate. During the same period, the labor market creates 225,000 jobs, 42 percent greater than what was predicted. The mounting tendency in the job market fueled the wage rate to rush. A slim pace was detected in wage expansion. The hourly wage rate upturns to 28.44 USD in January, increased by 7 cents. Payrolls prolonged by 225,000 as more workers were pushed into the labor force. Hiring decelerated due to tight labor market, trade quarrel and downturn fears. Automakers and mining contribute to negative job evolution in the manufacturing sector, plunged 12,000 jobs. Another industry that record negative job growth rate is transportation, mainly due to trade dispute with China.

U.S.-China Trade deal, Growth anticipation and Coronavirus outbreak

Until January, the lethal COVID-19 was shrinking China’s growth. China’s exports were shrunk due to outburst worries. Global demand for Chinese products shrunk and ten of thousand workers lost their jobs. In the meantime, the U.S. expansion was upsurging. The stock market was moving to record high. Unemployment dwindled to 50 years record low. Economics expansion was trusted by a mounting tendency in the stock and labor market.

As the COVID-19 outburst blowout outside China and particularly in the U.S, a record slump was witnessed. The stock market that was well-performing in the first month of the current period, fell more than 20 percent since mid- February. The COVID-19 that ended Chinese decades-long economic growth, disrupting the U.S. economy severely. The stock market that was flying record high fell dramatically. The disagreement amongst OPEC and Russia on crude oil supply cut, disrupted stock further.

The diffusion of COVID-19 into Europe and the U.S. after striking Asia, disrupting and dislocating the world economy. This disruption and dislocation will prompt year-on-year contraction in global growth rate. In the U.S. and Eurozone, the recession is now on inches. The world growth rate is expecting a diminution to 0.9 percent, the deepest than the global financial in 2007 and it is anticipating that the next recession in will worsen than that was in 2001 and 2007. China should see the worst in first quarter, while the U.S. and the rest of the world in the second quarter.

Economic activities are diminishing and we will see a significant decline in output in the second quarter. The unemployment rate is anticipating mounting trend, where more layoffs or hours cutback is likely. The job insecurity amongst the workers will moderate consumer spending. The lessening in consumer spending will provoke another loop of decline in output.

Under such condition, it is more indispensable for workers to prepare for a downfall. The workers require to add funds to their emergency fund and sluggish their current expenditure. Besides this, workers also expecting layoffs or hours cutback, it is more imperative for workers to get timely and accurate information. A smartphone-based application “LaborAlert” developed by Kiwi Application-LLC (play store URL: https://play.google.com/store/apps/details?id=com.labouralerts and app store URL:  https://apps.apple.com/us/app/labor-alerts/id1113045391) provides such information prior to 60 days to its user during any layoffs, plant closure, or complete shutdown. 

Labor Alerts also provides filtered statistics for companies in a given State. This tool helps the user analyze layoff data from the past and follow trends as well as forecast how the employment situation may change in the future.

To summarize, the LaborAlerts application allows you to:

• Create company layoff alerts by simply searching for the company and tapping on their “bell” symbol.
• See what companies or states are the largest affected by the layoffs or closings
• Share through social media or text.

To get started, the application need only be installed and asks for no personal data on the user. Although the application is free to use, the following subscription criteria makes for several options to suit your needs.

Download LaborAlerts on the App Store

Download LaborAlerts on the Google Play Store

Sync your devices such as your phone, and tablet to have easy access to your account and the information on the application.

COVID-19, China in the Next Recession

The hasty feast of the COVID-19 is a hard blow for a global economy. The magnitude of the harm, of course, rests on how quickly and how efficiently the epidemic is controlled. However, its severe fallouts are apparent and much anticipated.

The economic fallouts of COVID-19 in terms of China are self-evident. A second-largest economy in terms of GDP was rushing fastest in the region, was decelerated collapsed within a short time span. The shrinkage in January and February data “indicates negative GDP growth in the first two months of 2020. This slump is more probable to restrain China to attain growth targets. The negative GDP growth in the first quarter will last until the outburst of COVID-19 is not settled.

Supply chains around the globe have been disordered by plant terminations in China as laborers have been said to halt home. Roughly 5 million people in China vanished their jobs during the outburst of the new COVID-19 in the first two months of this year.

China downturn could shrink outbound FDI

The impressions of COVID-19 could root further difficulties for the already distress Chinese economy. It is very probable that China will soon dictate its forthcoming development policies and primacies toward refining its domestic economy in its place of pursuing outbound investment. This will absolutely influence small economies and will downstairs economic growth further in these courtiers. Moreover, dwindling FDI will influence global demand and supply and unemployment rate.

US-China trade war and possible layoffs

The cost of US-China disagreement had great effect predominantly on manufacturing and employment. The two foremost economies have levied ten of hundreds of billion USD as tariffs.  The US has executed tariffs on Chinese imports more than $360bn while China in retaliation levied tariffs on U.S. exports more than $110bn. This enormous upsurge in tariffs pushes many U.S. companies, especially in the manufacturing sector either to workers hours cut or completely layoffs. The fast-spreading COVID-19 added fuel to the fire. The partial pact between the two countries is more likely futile. Due to the wide-spread of COVID-19 global manufacturing including the U.S. and China are shrunk.

Manufacturing output in the United States fell 0.8 percent year-on-year in January 2020 and more downfalls are expected in the coming month. This collapse will eventually lead to more layoffs or hours cut. Under such a situation it is more essential for workers to obtain such information regarding their hours cut or layoffs and any economic collapse. LaborAlert developed by Kiwi Application-LLC (play store URL:  https://play.google.com/store/apps/details?id=com.labouralerts and app store URL:  https://apps.apple.com/us/app/labor-alerts/id1113045391) delivered such information, prior to 60 days to its user amid any layoffs, plant closure, downturn or complete shutdown in the manufacturing sector or any other sector.

The LaborAlerts Application is available on the App Store for iOS and Andriod (Google Play) devices.

To get started, the application need only be installed and asks for no
personal data on the user. Although the application is free to use, the following
subscription criteria makes for several options to suit your needs.

Download LaborAlerts on the App Store

Download LaborAlerts on the Google Play Store

Sync your devices such as your phone, and tablet to have easy access to your account and the information on the application.

A year behind

Despite many challenges in 2019, the unemployment rate mounted at 3.5 percent. Other indicates of employment, such as the quantity of unwillingly part-time labor, were also at their deepest stages over the decade. The workforce bred marginally where Labor force participation shuffled above 63 percent, which still lowers the pre-recession level.

The health care sector is presently the country largest employer, with over 20 million employed. The health care along with social assistance sector added 567,000 jobs to the economy between November 2018 and November 2019. Over 0.42 million jobs were added in the leisure and hospitality, where professional and business services sector job tally up by 417,000 jobs. Industries like retail trade and mining, however, lost jobs by 31,000 and 9,000 jobs respectively during the previous period.

A year ahead

Job growth enhanced in the first month of 2020 and up by 225,000 jobs. Payrolls lengthened by 225,000 in the first month, facilitated by mild weather. The unemployment rate was slightly altered in the first month, stood at 3.6%. The market gained 225,000 new jobs, which is 42% more than what economists predicted.

Health care and social assistance headed the tally in job formation with 57,000 new jobs. Food and drinking services both up by 53,000 new jobs. The government tally bred by 45,000.  Construction up by 42,000 new jobs. Hourly wage rate rose just 7 cents to $28.44 in January.

Does State Job at risk?

Utah, Vermont is tied with South Carolina for the uppermost employment rate of 97.7 percent. South Carolina has the maximum employment rate in the United States of 97.7 percent. From September 2019 to December 2019, South Carolina’s unemployment rate plunged to 2.3 percent from 2.9 percent North Dakota has the fourth-highest employment rate in the U.S. of 97.6 percent while an unemployment rate of 2.4 percent

Alaska has an employment rate of 93.9 percent, the lowermost in the U.S. The state’s unemployment rate stood at 6.1 percent. Mississippi’s employment rate stood at 94.3 percent marked it the second-lowest in the U.S. The District of Columbia stood at third with an employment rate of 94.7 percent and the unemployment rate of 5.3 percent. West Virginia has the fourth-lowest employment rate in the U.S. and stood at 95.0 percent while an unemployment rate of 5.0% and labor participation rate of 55.7 percent.

The biggest anticipated downturn in output prolonged by the deadly COVID-19 fears workers for hours cut or layoffs. The downward trend in some State makes is difficult for workers to sustain their job. These concerns keep workers into uncertainty accurate and timely information regarding job status is required. A smartphone-based application, LaborAlert, developed by Kiwi Application-LLC (play store URL:  https://play.google.com/store/apps/details?id=com.labouralerts and app store URL:  https://apps.apple.com/us/app/labor-alerts/id1113045391) provided such information to its user, prior to 60 days during the downturn for any layoffs, plant closure, or complete shutdown. 

Labor Alerts also provides filtered statistics for companies in a given State. This tool helps the user analyze layoff data from the past and follow trends as well as forecast how the employment situation may change in the future.

To summarize, the LaborAlerts application allows you to:

• Create company layoff alerts by simply searching for the company and tapping on their “bell” symbol.
• See what companies or states are the largest affected by the layoffs or closings
• Share through social media or text.

To get started, the application need only be installed and asks for no personal data on the user. Although the application is free to use, the following subscription criteria makes for several options to suit your needs.

Download LaborAlerts on the App Store

Download LaborAlerts on the Google Play Store

Sync your devices such as your phone, and tablet to have easy access to your account and the information on the application.