U.S. Job Picture Worsens Amid Latest Surge in Coronavirus Cases
“Fewer Americans said they were working as the latest wave of the coronavirus infections surge across the U.S., according to data released by the Census Bureau. Back-to-back Household Pulse Surveys conducted from mid-October to early November showed that the number of employed Americans declined by about 4.5 million. The figures are a possible sign the labor-market rebound may be losing steam amid a Covid-19 resurgence.”
Lockdown 2.0 Shows Europe’s Businesses Are Learning From the Pandemic
“European small businesses that survived the first coronavirus lockdowns are getting creative to weather the second wave and the long-term fallout from the pandemic. Faced with the prospects of another recession and uncertainty over how long the crisis may last, firms are fighting to retain existing customers and hunting for new ones to stay afloat. Many have learned from the painful experience of the first lockdown to navigate some of the drastic long-term changes to work and consumer behavior brought about by the virus”
Southeast Asia Virus Hotspots Indonesia, Philippines Cut Rates in Surprise
“Central banks in Indonesia and the Philippines unexpectedly cut their benchmark interest rates to record lows as the two nations grapple with the worst coronavirus outbreaks in Southeast Asia. Bank Indonesia lowered its key rate Thursday by 25 basis points to 3.75%, its first cut in four months, as 11 of 26 economists surveyed by Bloomberg predicted. Minutes later, Bangko Sentral ng Pilipinas cut by the same amount to 2.0%, as only five of 18 economists expected.”
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