Final Jobs Report Before U.S. Election in Store: Eco Week Ahead

(Bloomberg) — The last U.S. jobs report before the November election will probably show the labor market’s rebound continued in September, though losing some steam.

Employers probably added 850,000 workers in September, a step down from the 1.37 million a month earlier, according to the Bloomberg survey median. The unemployment rate is seen easing to 8.2% from 8.4%, smaller than the 1.8 percentage-point drop in August.



graphical user interface, chart: Recovery in U.S. job market continuing, though pace is off the boil


© Bloomberg
Recovery in U.S. job market continuing, though pace is off the boil

The monthly jobs report on Friday will follow the first presidential debate between President Donald Trump and Democratic challenger Joe Biden on Tuesday. The report will also wrap up a busy week on the U.S. economic calendar, which includes figures on income and spending, manufacturing and consumer confidence.

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Personal spending on goods and services, which accounts for about two-thirds of gross domestic product, is projected to rise 0.8%

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Reaction to UK finance minister Sunak’s jobs support plan



a group of people standing in front of a store: FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester


© Reuters/Phil Noble
FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester

LONDON (Reuters) – British finance minister Rishi Sunak announced on Thursday a new jobs support scheme that would help firms employ people on shorter hours, but warned he could not save every business or job.

Following is some early reaction:

BRITISH CHAMBERS OF COMMERCE DIRECTOR GENERAL ADAM MARSHALL

“The new wage support scheme will help many companies hold on to valued employees after furlough ends, and the extension of business lending schemes and tax forbearance will lessen the immediate pressure on cash flow for many affected firms.”

FEDERATION OF SMALL BUSINESSES NATIONAL CHAIR MIKE CHERRY

“Today’s support package is the flipside of the coin to Tuesday’s COVID-19 business restrictions.

“It is a swift and significant intervention, extending emergency SME loans, creating new wage support for small employers and

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Economists and businesses react as U.K. Chancellor Sunak unveils emergency jobs program


Justin Tallis/Agence France-Presse/Getty Images

The U.K. Chancellor Rishi Sunak unveiled an emergency jobs program on Thursday as part of a wider ‘winter economy plan’ to stave off mass unemployment.

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The program, replacing the job furlough one, will see the government support “viable jobs” by topping up the wages of workers on reduced hours in a bid to encourage businesses to retain staff.

It comes after Prime Minister Boris Johnson announced tighter COVID-19 restrictions, including 10 p.m. pub and restaurant curfews, which could last for six months amid rising daily infections.

“The resurgence of the virus, and the measures we need to take in response, pose a threat to our fragile economic recovery,” Sunak told lawmakers in Parliament.

“The government will directly support the wages of people in work, giving businesses who face depressed demand the option of keeping employees in a job on shorter hours, rather than

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Western Harbour Tunnel set to create 15,000 jobs



a group of people wearing costumes: MailOnline logo


© Provided by Daily Mail
MailOnline logo

Australian jobs have been decimated during the COVID-19 crisis, but a bonanza of work could soon be on the way for those with a trade, as infrastructure spending soars.

The NSW government is hoping to cut a 50/50 deal with Canberra to fund the construction of Sydney’s proposed Western Harbour Tunnel – a move which could create thousands of full-time jobs.  

NSW Transport Minister And­rew Constance has hinted that Scott Morrison may look to announce the mega project in next month’s federal budget, the Daily Telegraph reported.



a person standing in front of a sign: Australian jobs have been decimated during the COVID-19 crisis, but for those with a trade, a bonanza of work could soon be on the way as infrastructure spending soars


© Provided by Daily Mail
Australian jobs have been decimated during the COVID-19 crisis, but for those with a trade, a bonanza of work could soon be on the way as infrastructure spending soars

‘It can generate 15,000 jobs which is critical to our economic future,’ NSW Transport Minister Andrew Constance said.  

‘I’m keen for the

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‘Buy one, get one free’ airline tickets? Ryanair hopes fliers say yes, as it warns hundreds of jobs at risk


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Irish airline Ryanair on Thursday launched a “Buy One, Get One Free” offer on its flights for the first time in its history.

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The offer applies to Value Fare bookings and allows travelers to take a friend or family member along on the same flight free.

But consumers will have to be quick. The offer, which expires at midnight on Sept. 24, applies on 1,600 routes across Ryanair (UK:RYA)‘s network and will be valid from Sept. 25. until Dec. 14. 2020.

For the first time in Ryanair (RYAAY) history, we have a “Buy One, Get One Free” offer landing. Anyone would be crazy to miss it,” said Alejandra Ruiz, Ryanair’s head of communications.

The move comes as Ryanair Chief Executive Michael O’Leary said Britain risks losing hundreds of thousands of travel and tourism jobs in the coming months, unless the government offers

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Irish digital firm confirms 100 new jobs as it reaps the benefits of remote working

AN IRISH digital firm confirmed 100 new jobs as it reaped the benefits of the boom in remote working because of the Covid-19 pandemic.

Taoiseach Michael Martin announced the jobs as he toured the Workvivo facility in Douglas, Cork.

The high end jobs come after a dramatic increase in user numbers for the digital platform firm.

Workvivo has experienced 200pc growth in user numbers with their customers now spanning 47 countries.

Some 40pc of its customer base has joined the platform since March.

Workvivo currently employs 35 staff but predicts its workforce will grow to 135 within the next three years as businesses adapt to a new future of communication and engagement with their employees.

The firm’s platform helps businesses to connect with staff across multiple sites and enables those businesses to engage these employees.

Workvivo’s customers in Ireland include Woodies, Trigon Hotels, Bus Éireann, Irish Rail and UCC.

Globally,

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House Passes Clean Economy Jobs and Innovation Act

Yesterday, the House of Representatives passed H.R. 4447, the Clean Economy Jobs and Innovation Act , by a vote of 220-185.  The legislation combines a series of bills that would authorize new research, development, and demonstration (RD&D) initiatives at the Department of Energy (DOE) across each of DOE’s applied energy research programs and authorize new funding for electric vehicle (EV) infrastructure, energy efficiency programs, electric grid modernization, and environmental justice programs.  Notably, the bill also includes a phasedown of the production and consumption of hydrofluorocarbons (HFCs), a top legislative priority for House Energy and Commerce Committee Democratic leadership this year.

The Clean Economy Jobs and Innovation Act supports the objectives of Congressional Democrats to implement policy achieving economy-wide net-zero emissions by 2050.  The bill focuses on investing in clean energy innovation programs and setting up a foundation upon which future energy and climate legislation could be

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Amazon Warehouse In Bensalem Will Create Over 300 Jobs

BENSALEM, PA — A new Amazon fulfillment center in Bensalem has taken a big step closer to reality.



a large building: Photo of an Amazon fulfillment center located in North Randall, Ohio.


© Rick Uldricks/Patch
Photo of an Amazon fulfillment center located in North Randall, Ohio.

Bensalem Towship Council members last week voted unanimously to approve Amazon’s development plan for the warehouse and property.

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An Amazon representative said the center will create about 315 jobs. About 100 Amazon employees will be working at the warehouse and another 215 are expected to be hired as delivery drivers and managers.

Over the summer, Amazon signed a lease agreement for a warehouse on 3750 State Rd., at Winks Lane, in Bensalem. The 235,240-square-foot warehouse would be a fulfillment center, which is where merchandise is stored and deliveries begin.

The company said it expects some operations at the warehouse to get started by the middle of October and to be fully up and running by mid-February

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Pound depressed ahead of UK chancellor unveiling jobs protection plan



a man wearing a suit and tie walking down the street: Chancellor of the Exchequer Rishi Sunak walks across Downing Street to a cabinet meeting in London, Tuesday, Sept. 15, 2020.(AP Photo/Frank Augstein)


Chancellor of the Exchequer Rishi Sunak walks across Downing Street to a cabinet meeting in London, Tuesday, Sept. 15, 2020.(AP Photo/Frank Augstein)

The pound sank against the US dollar (GBPUSD=X), continuing a negative trend early on Thursday, ahead of the UK chancellor Rishi Sunak unveiling his plan to protect jobs this winter.

Sterling against the US dollar was mildly down, after tumbling to a near-two month low the previous day, as the UK implemented new measures to try and stop the spread of coronavirus.



a screenshot of a cell phone: Chart: Yahoo Finance


© Provided by Yahoo! Finance UK
Chart: Yahoo Finance

On Wednesday afternoon, Sunak tweeted that he would update parliament with the cabinet’s plans to protect jobs in the last few months of the year.

He said: “As our response to coronavirus adapts, tomorrow afternoon I will update the House of Commons on our plans to continue protecting jobs through the winter.”

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