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In 2019, U.S. nonfinancial corporate debt of large companies now stands at about $10 trillion dollars, 48% of GDP. This represents a rise of 52% from its last peak in the third quarter of 2008 when the corporate debt was at $6.6 trillion, about 44 percent of 2008 GDP. Total corporate debt is actually much higher. Adding the debt of small medium-sized enterprises, family businesses, and other business which are not listed in stock exchanges ads another $5.5 trillion.

About 86.5% of high-yield energy bonds now trading at distressed levels during March 2020. Airlines, automakers, cruise lines, restaurant chains, retailers, and even the New York Stock Exchange are among a wave of businesses that either severely cut back their services or shuttered entirely in an effort to staunch the spread of the coronavirus. How bad are things from a credit standpoint that how many companies might end up but some corporate companies could get a COVID-19 bailout. 

The coronavirus pandemic threatens to push the world into recession. Investors became increasingly anxious about corporate debt this week as stocks sold off and crude prices nosedived. The ability to buy or sell securities in corporate debt markets has become much more difficult. The SPDR Bloomberg Barclays High Yield Bond ETF (JNK) dropped more than 6% this week, while the iShares iBoxx $ Investment Grade Corporate Bond ETF fell more than 8%. Bank of America told clients on Friday that volatility had skyrocketed and outflows from corporate bond funds were at record highs.

The anxiety is pegged to companies that rely on stable energy prices and tourism to generate cash. When business gets tougher for these firms, it could prevent them from servicing their debt, leading to defaults. Much of the risk lies with energy companies, which have ramped up borrowing in recent years to build pipelines and fund other projects. Those companies now face acute pressure due to plummeting oil prices, which have dropped 50% since early January. 

Airlines, hotels and cruise lines are also in trouble as restrictions on movement grow and more people hunker down at home. A ban on travel from Europe to the United States, announced by the Trump administration on Wednesday, eviscerated airline shares. Budget carrier Norwegian Air, which is heavily indebted, said it would temporarily lay off up to half its workers after its stock dropped 22% on Thursday. The automaker industry which is already in the third year of recession is under the microscope, too, as factories in Italy shut down, with more potential closures looming across Europe and in the United States as the number of infections rises in those areas. 

The odds of slipping into a recession are increasingly likely as the global coronavirus outbreak puts acute stress on the U.S. economy. Major industries such as airline, travel, tourism, manufacturing and international trade under distress pressure collectively. Under such disrupting situation, hour’s cutbacks, layoffs or reducing overtime is a common theme for companies. As COVID-19 passes the world economy is approaching toward massive recession. Unemployment rate which accounts for 3.5 percent in the first month of the current period expecting to collapse to 3.6 percent or even more worsen till the end of the second quarter. The unemployment fears amongst the workers put more pressure upon the state unemployment benefits program. Under such situation it is more pivotal for workers to anticipate current and future employment status accurately. 

“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, prior to 60 days to its user during any downturn or complete shutdown, layoffs, hours cut and plant closure. “LaboreAlert” enables its user to correctly anticipate the scope and nature of their job amid the recession or 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.

A survey conducted prior to the World Economic Forum’s yearly meeting in Davos; around 53 percent of CEOs foresee deterioration in the rate of economic expansion in 2020. In their initial assessment of 2020 U.S. output growth; CEOs anticipated 2.1 percent for the year ahead. About 1,600 CEOs from around 83 countries responded to the PwC survey. They reasoned the slump is primarily due to chief distrust in the economic and political atmosphere. Trade quarrel, geopolitical matters, and a lack of consensus on climate change are the chief contributor to the economic decline.

In Another survey, CEOs consider global economic slump due to lethal COVID-19 and trade tightness with China are the foremost basis of dwindling output expansion in 2020. They are foreseeing a recession and lessened index by 2.5 points from last quarter to a rate of 76.7.  This remains beneath the Index’s mean of 82.7. This is also a symptom of sustained temperance in the pace of economic evolution. CEO anticipations for sales are enlarged by 7.0 points to 98.6, which is lesser than the average of 112.6. CEO strategies for appointment diminished by 5.5 points and reached to 67.1, which is higher than the employment average of 58.7. Lastly, CEO policies for capital investment diminished by 8.9 points reached to 64.5, which is lower than the capital investment average of 76.7.

In the Conference Board survey, Corporate CEOs for the two succeeding years cite downturn as their chief concern. The recession worries come during sustained hesitation round world trade, swelling competition, worldwide political variability, and tightening labor markets

CEO’s Priorities and job growth

Anticipating 2020 stance, the top CEOs around the globe were worrying about the global slump, stock collapse, trade conflict between the U.S. and China and tight labor market. CEOs agree that their highest interior anxiety and priority for 2020 is attracting and absorbing top talent. Notwithstanding of a corporation’s volume, location or industry, corporations will require to be more calculated in their efforts to employ and retain top capacity. On the other side, job hunters are becoming more uncertain to leave their region while uprooting themselves due to employment fears. This anxiety will certainly influence the job market. Slow expansion in some segments like manufacturing and services put density on the job market. Furthermore, CEOs priorities will squeeze the job market further. Job hunters are expecting hour’s cutback, layoffs or delay in appointment. These uncertainties amongst workers will further put density on consumers spending and output.

Under such situation it is more significant for job hunters to get timely information to prepare for any uncertainty. 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 in respect of 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 US’s biggest bank, JPMorgan, anticipates the coronavirus epidemic to drip the US and European economies into an in-depth collapse as soon as this July. The virus “has progressed dramatically in recent weeks” as the outburst has feast further round the globe. The U.S. economy might diminish by 2 percent in the initial quarter and 3 percent in the second. The bank further added that the Eurozone economy could diminish by 1.8% and 3.3% during the same periods.

The global economy has collapsed into a recession, sorrowing from a “wicked cocktail” of COVID-19 and the intense action is required to limit its range, according to four former IMF chief economists.

It is firm to forecast what might occur but that the epidemic did not appear like a usual recession. Data from China has revealed much sharper drop-in output than an ordinary slump would foresee, for instance, Gita Gopinath IMF chief economist said.

According to Larry Elliott a foremost expert at The Guardian “the world should prepare for the coronavirus global recession”. Joachim Fels, the global economic guide at PIMCO, stated that he now sees a “distinct possibility” of a recession in the United States and Europe through the first half of the current period, trailed by retrieval in the second half. Adding further he said Japan “is very likely already in recession.”

COVID-19 Driven Recession; what might happen?

As the epidemic forces, the annulment of trips, night events and bulky gatherings, the economic destruction is escalating throughout the country. The impact and magnitude of consequences may not just be lessening the speed of growth but ultimately, it will shake each section of everyday life. The output growth in the U.S. and Eurozone will descent behind below 2 percent and 3.3 percent respectively. Global supply chain and travel will be drip further. Stock markets will be decelerated more. Consumer expenditure is more probable to vanish. And finally, enormous layoffs will add fuel to the fire.

Worker layoffs are the most usual theme during the breakdown. People layoffs their entire job or hours cut which shakes their earnings and outlay. Under such circumstances, accurate and timely information is required as worker plans and trying to add fund to their emergency. LaborAlert is the best stand which permits its user to acquire information at the appropriate time. LaborAlert delivers information to its user prior to 60 days during any slump which leads layoffs, plant closure, or complete shutdown. Using your IOS or Android-based smartphone LaborAlert can be obtained from play store https://play.google.com/store/apps/details?id=com.labouralerts and app store https://apps.apple.com/us/app/labor-alerts/id1113045391). LaborAlart helps not only in layoffs of workers but also enable the user to anticipate the concurrent economic turmoil during the recession.

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.

Sustainable manufacturing growth is not only consequential for sustainable growth but also very prominent for the labor market. The alteration in the manufacturing sector is very reactive to global and domestic matters. In October last year, President Trump apprised and accused Jay Powell and Federal Reserve while keeping Dollar Index and Fed rate so strong, which eventually distress the U.S. manufacturing sector.

Another paramount risk to the manufacturing sector is the trade war between the U.S. and China. Through they outreach to the fractional consonance but the trade confrontation has already chewed away at U.S. growth rate, predominantly incapacitating the manufacturing sector. The U.S. has struck tariffs on Chinese commodities, the value of 550 billion USD. China, in turn, has placed tariffs on US commodities, worth of 185 billion USD.

The most prominent risk to the U.S. manufacturing sector is the outburst of lethal coronavirus (COVID -19). The deadly COVID -19 outspread over 100 countries, over 100000 infections and over 5000 death added another dread to the U.S. manufacturing sector.

Besides this, another anxiety brings about by COVID -19 is the slump in the global stock market. The outspreading of COVID-19 outside China resulted in a stoppage in the stock market. The slump in the stock market placed additional coercion in the manufacturing sector. 

Finally, the Fed rate also subsidizes to the downturn in the manufacturing sector. Higher Fed rate diverts speculators to safe securities such as T-bills, which further intensifying coercion on the manufacturing sector and layoffs in the job market.

The recession in the manufacturing sector not only saddened the U.S.’s economic performance but also offending the job market. Many people have vanished their job during the recession, resulted by the trade conflict, COVID-19 and high Fed rate. To make optimal rational expectation it is significant for individuals as well for businesses to anticipate future events more optimally. 

The LaborAlert (available both for IOS and Android) developed by Kiwi Application-LLC (https://kiwiapplications.com/laboralertsapp/1-2/) is an innovative platform which apprises user on the employment situation in any department of interest or in a corporation across many states. When markets tumbling across the globe, job cuts becoming a theme everywhere. LaborAlert providing a great device to monitor the labor market and offer alert to employs and employees in the situation of layoffs, plant closing, workforce adjustment or complete shutdown.

Some good Anticipation

There is little optimism regarding enlargement in the manufacturing sector. As the weather gets warmer the tendency of COVID-19 is expecting to dwindle. The trade deal put another hope for the producer. As the deal become operative and restriction over trade is waived the manufacturing sector will have thrived back.

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.

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.