- Nov 26, 2011
- 123,561
- 55,014
- 2,290
https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/
Economists fear more layoffs in the coming weeks as supply chains come to a halt and people stay home and spend less.
“We will definitely see an effect on jobs from the coronavirus, and it could be pretty large in leisure and hospitality,” said Julia Pollak, labor economist at ZipRecruiter. “The first thing we’ll see is a reduction in hours. We hear many reports of employers canceling staff everywhere except in health care.”
<snip>
For example, the Port of Los Angeles, the busiest port in the United States, has become a “ghost town,” four workers said. They said the port has never been this quiet, not even during the Great Recession.
The ongoing lack of cargo prompted Shippers Transport Express to send layoff notices at the end of February to 145 drivers who transport containers from the port to corporate warehouse hubs. The company told workers there is a “near shutdown” of its operations at the port “for the foreseeable future.” Many factories closed in China, stunting shipments to the United States.
“I’ve been working the ports for 13 years, and I’ve never seen anything like this,” said Randy L. Williams, a trucker for Shippers Transport Express. “I’m glad I didn’t buy a house yet.”
Our stable genius: "It will go away."
Why, yes. Yes it will. Someday. What a bold prediction!
Economists fear more layoffs in the coming weeks as supply chains come to a halt and people stay home and spend less.
“We will definitely see an effect on jobs from the coronavirus, and it could be pretty large in leisure and hospitality,” said Julia Pollak, labor economist at ZipRecruiter. “The first thing we’ll see is a reduction in hours. We hear many reports of employers canceling staff everywhere except in health care.”
<snip>
For example, the Port of Los Angeles, the busiest port in the United States, has become a “ghost town,” four workers said. They said the port has never been this quiet, not even during the Great Recession.
The ongoing lack of cargo prompted Shippers Transport Express to send layoff notices at the end of February to 145 drivers who transport containers from the port to corporate warehouse hubs. The company told workers there is a “near shutdown” of its operations at the port “for the foreseeable future.” Many factories closed in China, stunting shipments to the United States.
“I’ve been working the ports for 13 years, and I’ve never seen anything like this,” said Randy L. Williams, a trucker for Shippers Transport Express. “I’m glad I didn’t buy a house yet.”
Our stable genius: "It will go away."
Why, yes. Yes it will. Someday. What a bold prediction!