Job market seen somewhat weaker in August, as rehiring slowed and layoffs continued

As Phase One of reopening begins in Northern Virginia today, a waiter in a face mask to protect against the coronavirus (COVID-19) carries food to diners seated outdoors at a restaurant in Alexandria, Virginia, May 29, 2020.

Kevin Lamarque | Reuters

The pace of rehiring is expected to have slowed in August, and the economy likely added fewer jobs than in July as workers continue to be laid off.

Economists expect 1.32 million jobs were added in August, and that the unemployment rate fell to 9.8%, according to a Dow Jones survey. That compares to 1.76 million job gains in July and an unemployment rate of 10.2%. The August employment report is expected to be released at 8:30 a.m ET Friday.

“Retail spending and durable goods orders are up. The economy is progressing,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If that is the case, the labor

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Facing funding shortfall, South Colonie Central School District considers layoffs and furloughs

COLONIE, N.Y. (NEWS10) — As schools reopen, many districts are not just grappling with health concerns, they are also dealing with a shortfall in funding. Some, especially those in lower income communities, are are forced to layoff teachers and non-instructional staff, too.

In the South Colonie Central School District, Superintendent Dr. David Perry told NEWS10’s Anya Tucker they will have to make some very tough decisions, which will impact everyone in their schools.

Perry said he is ready for a new, albeit different kind of school year. But even before they open their doors, he is forced to find ways to trim the fat from a budget that’s already in an emaciated state.

“It’s going to lead to the potential for layoffs. Its just how soon those layoffs come, in all areas. Not just instructional, across the board,” said Perry.

He’s not alone. Many districts are looking at drastic cuts

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Edmonds School District bus drivers rally demanding benefits after layoffs

Edmonds School District bus drivers were laid off in August, and now they are left without medical benefits during the COVID-19 pandemic.

EDMONDS, Wash. — School bus drivers for the Edmonds School District rallied for health benefits after layoffs this summer.

Bill Whalen is an Army veteran turned Edmonds School District bus driver.

He’s been driving kids to school for 13 years.

“I am getting older, but I feel 20, 30 years younger because I am around kids and that to me is important,” he said.

The layoffs were announced in mid-August.

The news that Edmonds School District was laying off 175 bus drivers was a blow to Whalen and his co-workers, and not just because they’re out of a job.

“Our benefits have been cut off, our medical benefits, and a lot of people rely on those benefits,” he said.

The loss of benefits hit fellow bus driver John

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Employers are planning more layoffs, as Trump claims jobs are “flowing”

President Donald Trump has hailed the economy in speeches and on social media, proclaiming in August that “jobs are flowing.” But even as some employers are rehiring workers, others are shedding thousands of jobs, with major companies announcing 50,000 job cuts in the last two weeks alone. 



a person holding a sign in the middle of a city street: Philadelphian's Rally To Demand Congress Return To Pass The HEROES Act


© NurPhoto
Philadelphian’s Rally To Demand Congress Return To Pass The HEROES Act

Weekly unemployment claims remain above 1 million, a “historically high” level, according to labor economist Heidi Shierholz of the left-leaning Economic Policy Institute. And some industries, including travel and entertainment, continue to shed workers as consumers remain wary of traveling as the coronavirus continues to spread in regions of the U.S.

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Six months after the pandemic shuttered the U.S., bringing its economy to a standstill, a second wave of job cuts is emerging. Under labor regulations, companies must tell employees that they are formally “separated” — in other

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