Month: March 2020

Hour’s cutback or layoffs are common measures amid the economic stagnation. Workers dread for such upshots which eventually led to several social and economic disasters or consequences. The first and prime imperative measure taken amid the recession, get appropriate information about your job status. Numerous methods are used to getting information regarding the job. One of those, “LaborAlert” smartphone-based application, 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, prior to 60 days to its user during any downturn or complete shutdown, layoffs, hours cutback and plant closure.

Once you’re certain about your job, next is to prepare yourself earlier to the economic slump. However, it looks very firm when the downturn is already over-headed. Experts were foreseeing the next recession in mid of the current period. Whereas, COVID-19, speed up the pace toward next recession. Stock markets have been worn-out after reaching a record high, manufacturing production deteriorating, international trade, transportation and international mobility were debarred. Workers hours have been phasedown or laid-off. Consumer spending diminished, enhancing the plunging shift in international and domestic demand. All together global economy on the slump and enormous collapse is next in line. Under such conditions, it is imperative for workforces to shape their emergency fund. The following are strategic measure need to be taken to build an emergency fund:

Apply for unemployment benefits: The most common and vital step to shape emergency fund, registered for state unemployment benefits. Federal, as well as State municipalities, assigns funds to evade any tragic situation. Thus, earlier when your working hours are cutback or you’re laid-off get to register for unemployment benefits.

Apply for local food banks and government food benefits: When recession or downturn already looms, you may require registering for food assistances. It is more essential to find local food banks or sated food assistance program. It will certainly aid you to keep cash in hand during the slump.

Apply for “Hardship” grants: It is not so far very usual but certain employers proffer it employs one-time “hardship” assistance. Often, this package is for helping employs during natural tragedies, like hurricanes and now COVID-19 widespread.

Add funds to your emergency Fund: Enhancing emergency fund is a very conjoint and prime measure of financing day-to-day expense during recession or downturn. There are numerous methods through which an emergency fund can be enhanced. Avoid unnecessary or luxury consumption or expenditure. Try to save as much as you can and prior to slump reimburse your debt and loans.

Add dividend to your portfolio: When the slump is overhead, the interest rate is typically dropped by policymakers. It is not advantageous under such condition to save when banks are yielding fewer rates. It is better to add certain dividends to your portfolio.

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.

United Airlines on Friday informed the authorities that it could layoff jobs financial assistance is not provided by the end of this month. U.S. airlines, which directly engaged close to 750,000 workers. The present collapse in demand that officials from the airline industry have pronounced as shoddier than the 9/11 crises. 

United airline and its opponents have running to reduce airlifts, halt appointment and request staffs to take voluntary unpaid leaves. However, the officials have informed that these measures are still not sufficient. According to a letter by United Airline, as travel demand remains to tumble, even more, thrift procedures will be mandatory to keep our business floating. U.S. air carriers are looking for $58 billion in assistance, according to Airlines for America, a cluster that embodies United, Delta, American, Alaska, JetBlue and others. The suggestion comprises $25 billion in direct assistance and an additional $25 billion in credits for passenger carriers. 

What is ahead? Definitely more layoffs

According to Gary Cohn prior upper White House economic counselor, The U.S. unemployment rate will upsurge speedily and intensely and very, very quickly, as the COVID-19 takes the U.S. economy to halt. It was also been stated that jobless privileges escalated to 281,000 last week, an growth of 70,000 from the prior week and additional privileges is more likely in upcoming weeks. 

Airline industry which is the employer for tens of thousands personnel wilt very dramatically as international mobility has been constrained around the world due to COVID-19 uncertainties. Local airlifts were grounded initially for three days after 9/11, but the upshots persisted much longer and ultimately directed to a period of bankruptcies, bailouts and layoffs. Likewise, the present fear of COVID0-19 and its impressions will be for a lengthier period. There is a necessity for an instant and long-standing policy to subsidies the outcome on the airline industry when the COVID-19 epidemic wanes. 

U.S. air carriers directly engaged 750,000 workforces while the industry as an entire supports 10 million jobs. The economic influence on U.S. air carriers, their staffs, travellers and the public delivery is astounding. The present slump and ban on global travel hanging thousands of flight to Eurozone and around the globe. This may not only lead to more layoffs, voluntary unpaid leave but also lift them in long term recession. 

Under such circumstance, it is more significant for the employs to know about their present as well as forthcoming employment status. A piece of trustworthy, accurate and timely information in this respect is more essential. 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.

Job Opening in Year Behind

In 2019, the US labor market isn’t flourishing like that was in the prior year. However, it revealed diminutive improvement. Job growth has been a slowdown, where wage rate practices growth and stayed comparatively sound. Longer-term curbs on job growth persist. The tighter labor market has by some means condensed economic inequality. Blunt variances in income and employment opportunity persevere. 

Employment growth has decelerated significantly in 2019 as associated with the preceding year. Average monthly jobs gains are the utmost warmish then in 2010 when the US economy was scrapping to recuperate from the Great Recession in 2009. 

The job growth diminishing replicates a pullback worker’s demand. A deceleration in employment gains in a compact labor market isn’t surprising, as employers may be finding it tougher to engage more workers. The manufacturing sector has commanded job growth diminished. Jobs gains in manufacturing, mining, and construction sectors are unstable. These sectors are very responsive to foreign demand and trade policy.

Hope of Regaining

Notwithstanding the recession, the labor market is raising firmly enough to engage more workers to work. Employment is growing at a rate more than twice the population growthrate. The effect is sluggish. The employment rate is steady, reached to the level that was last seen in 2007, before the Great Recession.

Job Opening in Year Ahead

Eyeing to that future, Economists foretelling another year of dwindling growth. They anticipate output growth in 2020 to a little below 2 per cent. However, employment will remain in the trends gained in 2019. Employment growth will persist affirmative, but the rate of growth will tumble. Job formation will below 150,000 throughout 2020 and could be at or below 100,000 by the end of the current period. Well, these dips will layoffs more workers from jobs if job formation rate persists below 150,000. Under such condition is important for workers to respond immediately any layoffs in future. The LaborAlert developed by Kiwi Application-LLC (https://kiwiapplications.com/laboralertsapp/laboralerts-applications/) notify its user through Worker Adjustment and Retraining Notification (WARN) notices, 60 days prior to a change in cases like layoffs, plant closing, workforce adjustment or complete shutdown.

To summarize, 2020’s anticipation for the U.S. economy is that the growth will continue intact. The labor market will continue tighter. The unemployment rate is expecting to weaken slightly further. However, it is likely that growth will be feebler than in the past two periods. This year has been a little below our year-ago expectations. There is, however, massive uncertainty in the current situation.

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.

 

The Fed’s latest interest-rate slashes have done slightly to halt the crash of the stock. The stocks that were touched the record tall in the first month of the present period; were collapsed over 20 percent since mid-February. The recent interest rate slashes have provided little support to stocks is not sufficient and more effects are mandatory to tackle the long-term recession. Once the disaster is passed, there’s a great chance of uneven recapture with sluggish output growth and accelerating prices level and inflation. Such a situation where high employment rate, led by low output and the high price level is known stagflation. Inflation was little controlled until the middle of last year, when consumer prices rising below 2 percent in January 2019. CPI inflation has mounted progressively over the previous six months, from an annual rate of fewer than 2 percent to nearly 2.5 percent.

The COVID-19 disaster has formed a perfect blizzard. In addition to the health significances and human costs, it is carrying to a serious economic downturn. On the one hand, by stopping workers from work, disordering supply chains, which is a huge jolt to output. Likewise to an oil price jolt or any natural tragedy, the inadequate supply of workers and output will generate inflationary gravities. On the other hand, the requirement for social separation has led to the annulment of enormous festivals, shrunken the travel and transportation industry, and shut commerce, cafeterias, and shopping centers. These isolation measures leading to a bulky negative demand jolt.

The pandemic damages the economy in three elementary ways. First, domestic and international supply chain failures due to COVID-19 spreading fears. International supply chain failures placed the output under pressure. The plunging move in demand for exports placed many assets idle. Secondly, COVID-19 directly distresses the workers by infection. However, so far this is a tiny impression. COVID-19 spreading fears amongst the masses lift the domestic demand under density. The third and major influence to date is the consequences of isolations, travel and transportation limitations, and hotel, restaurant and store closures.

The immediate increase in the unemployment rate leaves worker’s incomes limited by job loss or profit loss. Under such conditions, when people’s pay is inadequate, consumers spending and demand contracts. The shift in demand will forces producers to diminish supply leaving some labor and plant idle. Again such idleness will drop income and collapse aggregate demand further. This situation will become worse if there is a drip in output, led to more unemployment and a high price level. Under such a situation, aggregate welfare diminishes and resources are under-employed.

Labor, the imperative input, is either cutback or laid-off during the recession. Workers from each industry required timely information regarding their present and future employment. “LaborAlert” a smartphone-based application 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 any downturn or complete shutdown, layoffs, hours cutback and plant closure.

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 U.S-China Trade dispute; a review

The present rigidity between U.S. and china trace back to numerous events that happen prior. However, its significance got consideration when U.S. president, Donald Trump threatened China while enforcing tariffs on Chinese exports. The president also alleged China for its unfair trade practices in July 2018. Over the 2 years that have passed, the two countries have been involved in numerous back-and-forth dialogues, a tit-for-tat tariff dispute. Both economics familiarized foreign technology limitations, battled numerous WTO cases which subsequently led to the trade dispute between the two countries. So far, the US has enforced tariffs on US$550 billion worth of Chinese exports. China, in retaliation, has set tariffs on US$185 billion worth of U.S. goods.

Trade dispute and output growth

Gross Domestic Product, GDP is the most usual measure of accounting the growth of the country. It is predicted that after determining the trade quarrel between the U.S. and China real GDP will be raised at the rate of 2 percent to 3 percent. The structure of GDP growth exhibits that real estate is the major constituent of GPD (13.4%), followed by professional and business services (12.8%), government (12.3%), and manufacturing (11.0%). Retail, auto dealers and non-store retails were the slightest donors to GPD.

The present situation will be intensively dissimilar, particularly in 2Q 2020, then in then 2Q 2019. There are numerous causes behind this postulation. The first and foremost cause for output collapse is the ineptitude of trade treaty between the U.S. and China. Though both economies partially agreed to waived-off tariffs enforced on bilateral trade by either side. However, the pact between the two countries is not yet materialized due to lethal COVID-19 outburst. The VOCID-19 that was originated in China in late 2019 is now diffusion all over the world. Due to COVID-19 fears, the country’s borders is been lockdown by the authorities in order to prevent further diffusion of COVID-19.

The spreading of COVID-19, particularly to the U.S. and UK, after disrupting China long-lasting economic growth and now targeting their balances. Since mid-February of the current period the world stocks markets have been contracted by 20 percent to 30 percent. Output has been anticipating deterioration due to COVID-19 terror among the masses and cross-border limitations. Travel, Transportation and tourism are the most interrupted sector, particularly among countries.

Output Decline and Unemployment

The unemployment rate in the prior period was the lowest at 3.5 percent. This was 50-years old lower rate though it has been seen in September 2019. The workforce rose slightly while Labor force participation rate inched above 63 percent. The economy was having over 2 million more jobs in 2019 as compared to 2018. Healthcare was the major donor, engaging over 20 million people, shadowed by the leisure and hospitality sector and professional and business services sector. Manufacturing and mining both lost 31,000 and 9,000 jobs respectively in 2019.

As by march, 2020, the current economic situation is not looking robust. The COVID-19 down U.S. economy as well as the global economies. Around the world, major cities were lockdown due to COVID-19 fears. Global demand was shrunk in the first 2 months of the current period. Consumer spending weakened and forestalling the further drop in the upcoming months. As the world economy is approaching the upcoming recession, the unemployment fears among the workers touching height. The uncertainty among the workers required accurate and timely true information regarding their job.  “LaborAlert” a smartphone-based application, 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 to its user, prior to 60 days 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.

The COVID-19 outburst is taking a profound toll on the U.S. economy. Its desperate outcomes fueled the economic downturn resultant from trade war between China and U.S. On a single day, 13th March, Dow Jones depressed by 2,352 points or 10%, S&P 500 demolished at 9.5%, while Nasdaq descended 9.4%. COVID-19 epidemic spreads out markets, shut down schools and colleges, overhangs foremost conferences, sports and cultural events. Furthermore, the epidemic upends the travel, tourism and hospitality industry. Businesses went into short-term recession and started firing workers. The hasty market deterioration and early layoffs are amplifying worries that the longest growth in U.S. history could come to an end.

According to Chief Executive Huntly Christie of Christie Lites, “an event management company laid off over 100 workers and likely to layoffs 150 workers more. Another company, a hotel in Seattle is terminating an entire department, laid off 50 people after the southwest fiesta got annulled. Norwegian Air annulled more than 4000 flights and layoffs 50 percent of its workforce. Besides these other corporations such as HMS Host, a Seattle, Washington and global restaurant services provider layoffs over 200 workers in the second week of March 2020. 

Julia Pollak, a labor economist at ZipRecruiter, said that “resulted by COVID-19, U.S. will certainly see consequences on the jobs market, and it could be largely on the leisure and hospitality sector’. Another sector that is anticipating more layoffs is traveling. The embargo on international mobility put many workers idled and led to more layoffs. According to Washington Post, in Los Angeles, Sam Creighton and has 20 associates were laid off from the China Visa Service Center due to annulment of the visit to Asia out of virus dread. 

Economists dreaded that more sackings in the upcoming days as supply chains come to an end, people will stay home while spending less. People are anticipating layoffs in the future; spending less, while shrinking domestic demand further. Will more layoffs led by shrinking demand through will help the masses. Defiantly NO! Big NO! People need to know what is occurring and how to prevent the approaching unemployment situation. The LaborAlert developed by Kiwi Application-LLC (play store https://play.google.com/store/apps/details?id=com.labouralerts and app store https://apps.apple.com/us/app/labor-alerts/id1113045391) proffering such platform through Worker Adjustment and Retraining Notification (WARN) notices. The WARN informs its user 60 days before any uncertain circumstance like layoffs, plant closing, workforce adjustment or complete shutdown.

Beyond Layoffs

Beyond worker layoffs, during any uncertainty, LaborAlert educates its users concerning future economic uncertainty. LaborAlert enables its users to use their rational expectation to avoid any future uncertainty. This anticipation will not only help individuals to optimize their wellbeing but also businesses to optimize their revenues.  

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.

 

As provoked by the lethal COVID-19 epidemic, the State unemployment insurance program throughout the U.S. will not be prepared for the surge in worker claims during the recession. States, which administrate unemployment insurance programs, depend on employer taxes that they use to pay unemployment benefits. According to Labor Department data, in 22 states and jurisdictions’ unemployment programs are improvised to pay out enough to unemployed workers during the recession. As the epidemic closes down businesses throughout the country, economists are threatening that the U.S. should ready for a recession. During the recession, unemployment insurance will be considered as a crucial basis of relief to workers laid off during the recession. Several states such as California, New York and Ohio haven’t completely refilled their unemployment funds since the 2007 great recession.

It has been 11 years of economic growth; the state could have amplified employer taxes to shape sufficient reserves. Moreover, not all states are ill-equipped, some states, with the low unemployment rate, have built up their unemployment funds to recession-ready stages since the last downturn over in mid-2009.

The House also approved a bill last week that presented $1 billion in aid to assist states with unemployment insurance. If unemployment upsurges significantly, states would require the federal administration help to meet funding requirements for unemployment benefits during the downturn. New registration for unemployment benefits enlarged 30 percent previous week during cutbacks and closures over the COVID-19 disaster and more is expecting for registration as the situation becomes worse.

Many workers in different industries that felt the initial laid-off from the COVID-19. These industries comprise restaurants, bars, hotels, travel and transportation and tourism. Workers in these industries are more probable to lose their jobs in coming weeks while some are already laid-off. Whereas some are already started turning to unemployment benefits to keep them afloat as they are laid-off.

There are certain questions in the mind of every worker. Will the state unemployment insurance program provide full relief to laid-off or hour’s cutback worker? What are the remedies measures to tackle down any uncertainty in future? There are various ways through which any unemployment uncertainty can be avoided. The first and foremost important measure is to get timely information regarding your job. 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 any downturn or complete shutdown, layoffs, hours cut and plant closure.

Once you’re sure about your job, the next step is to add funds to your emergency fund. There are numerous ways through which you can add funds to your emergency fund. Try to avoid unnecessary and luxury expenditures, add fresh dividend to your cash, prior to any recession repay your debt.   

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.

Manufacturers are at continual threat for disorder due to forestalling COVID-19-driven recession. 2019 initiated with the U.S. and world manufacturing sectors facing sustained progress. Ultimately went into a decline in the second month of 2020 due to lethal COVID-19 outbreak.

Manufacturing output accounts for the productivity of businesses functioning in the manufacturing sector. It is the utmost imperative sector and measures for 78% of total output. Manufacturing output in the United States chop 0.8% year-on-year in January of the current period, equated to 1.3% deterioration in the last month of 2019. U.S. manufacturing shrinking in February for six successive months as trade war sustained to force manufacturers. 

The major sections within the manufacturing sector are Chemicals 12%, food, drink and tobacco contributions 11%, machinery, fabricated metal products, computer and electronic and motor vehicles and parts up by 6% respectively.

The trade dispute with China and rejecting worldwide demand Dwindle industrial output. The trade imbalance lessened in January 2020. The imbalance lessens to USD 45.3 billion from a revised USD 48.6 billion. Exports weakened by 0.4% while Imports plunged at a faster speed at a rate of 1.6%. This weakening in imports is due to purchases of industrial supplies and materials. This drip in industrial supplies and materials further aiding to descent in manufacturing.

Manufacturing downturn and layoffs

Private businesses in the U.S. engaged 183 thousand workers in the second month of 2020, following a down turning revised 209 thousand jumps in the first month. The service sector enhanced 172 thousand more jobs. This upsurge arises mostly in education & health, leisure & hospitality, and professional & business industries. In the meantime, the goods manufacturing sector added 11 thousand more jobs, enhanced by employment in construction. The manufacturing sector shed jobs rather than escalating. However, Manufacturing Payrolls in the United States enlarged by 15 thousand. 

The US unemployment rate condensed to 3.5% in February from 3.6% in the previous month of 202. However, markets were anticipated to be unaffected at 3.6%. Will this unemployment rate would be tolerated with such ambiguity led by COVID-19, trade quarrel with China and political turmoil? The answer could be deleterious under these uncertainties. These worries amongst the individuals lead to more uncertainties.

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.

 

Despite many economic and financial challenges, does the stock market crash could push into closures? Prior to the lethal COVID-19, the stocks were touching heights for last few months and reach to record high during mid-February. In 2019, The S&P 500 has risen by 27.4 percent, the S&P MidCap 400 rose by 22.89 percent and the S&P SmallCap 600 up by 19.90 percent. Nasdaq did better and exhibited a gain of 35 per cent. Dow Jones rose by 22 percent in the previous period.

A year ahead

Despite the massive gain in 2019. Is the US stock market will survive at the same pace? The answer could be positive if trade quarrel and COVID-19 outburst were handled at earliest. Though the trade dispute shows some development still it is not that much operative as it was anticipated. COVID-19 “add fuel to the fire” while seizing trade with China due to fears of COVID-19 outbreak. The stock markets show a massive downturn since mid-February in the current period.

What Coming Next

S&P 500 index, which gained record high recently, dropped by 3.4 percent in a single day due to COVID-19 fears. Dow Jone plunged 4.4 percent while Nasdaq down by 4.8 percent. The stocks exhibit some improvement during the second week of March, however, the double-digit returns will be hard to repeat which was achieved in 2019.

Despite these signs of recovery, will the stock market slump could push to closure amid in main challenges such as trade war, COVID-19 outbreak, Fed rate vitality, political turmoil and shrinking global demand.

It is very pivotal for companies as well for individuals to access such information. Common theme practice during rescission is the layoff of workers. This insecurities fears workers and led to many other challenges.

The 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 prior to 60 days to its user amid any layoffs, plant closure, or complete shutdown. LaborAlart helps not only in layoffs of workers but also enables the user to anticipate the concurrent economic turmoil during the downturn.

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.