78% of workers say their layoff is Temporary

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  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #1
    78% of workers say their layoff is Temporary
    CNBC

    Michelle Meyer, BkofAma head of U.S. economics, called the high number of temporary layoffs a "silver lining"

    "With 78% classified as temporarily unemployed, workers should be able to be more seamlessly rehired upon reopening. But time is of the essence," she wrote in a note.
  • pologq
    SBR Posting Legend
    • 10-07-12
    • 19899

    #2
    i was furloughed and now we were called back to work. i do think there is some merit to this assuming the business can survive the time closed.
    Comment
    • SBR_Guest_Pro
      SBR MVP
      • 02-10-15
      • 3955

      #3
      ya they are all living in fantasy land
      Comment
      • clockwise1965
        SBR Hall of Famer
        • 10-01-13
        • 6753

        #4
        Unfortunately most jobs will never be the same again.
        Comment
        • Unrivaled
          SBR Hall of Famer
          • 10-24-11
          • 6685

          #5
          Depends on the industry.
          Comment
          • Itsamazing777
            SBR Posting Legend
            • 11-14-12
            • 12602

            #6
            I went back yesterday
            Comment
            • Tanko
              SBR Hall of Famer
              • 09-19-09
              • 5140

              #7
              Most hospitality industry workers will experience long-term unemployment. Although restaurants and hotels are opening back up. People will not be returning to them in numbers until either a vaccine is out or 60%+ of the population has been infected. This will alleviate potential concerns for spread and only under those conditions will people feel safe to return to these places in significant numbers.

              If there are not as many customers --> the number of employees will be reduced (or maintained at current low levels) to control costs.
              Comment
              • cincinnatikid513
                SBR Aristocracy
                • 11-23-17
                • 45360

                #8
                sam ur trying really hard
                Comment
                • Sam Odom
                  SBR Aristocracy
                  • 10-30-05
                  • 58063

                  #9
                  kid513

                  take it up with CNBC & Michelle Meyer if you have a problem
                  Comment
                  • cincinnatikid513
                    SBR Aristocracy
                    • 11-23-17
                    • 45360

                    #10
                    Originally posted by Sam Odom
                    kid513

                    take it up with CNBC & Michelle Meyer if you have a problem
                    its gonna be alright sam, the excuses will be endless
                    Comment
                    • Brock Landers
                      SBR Aristocracy
                      • 06-30-08
                      • 45360

                      #11
                      Maybe in 8-10 years we will be back to where we were at the end of 2019
                      Comment
                      • Sam Odom
                        SBR Aristocracy
                        • 10-30-05
                        • 58063

                        #12
                        Originally posted by cincinnatikid513


                        its gonna be alright sam...


                        of course it will... Good to have Landers fading the USA
                        Comment
                        • Brock Landers
                          SBR Aristocracy
                          • 06-30-08
                          • 45360

                          #13
                          Originally posted by Sam Odom
                          of course it will... Good to have Landers fading the USA
                          Even better for you to blow smoke up everyone's ass
                          Comment
                          • Sam Odom
                            SBR Aristocracy
                            • 10-30-05
                            • 58063

                            #14
                            Originally posted by Brock Landers


                            Even better for you to blow smoke up everyone's ass
                            see post #9
                            Comment
                            • Heltah Skeltah
                              SBR MVP
                              • 12-05-17
                              • 3499

                              #15
                              Originally posted by Brock Landers
                              Maybe in 8-10 years we will be back to where we were at the end of 2019
                              Just like your credit score you bankrupt cuck
                              Comment
                              • MinnesotaFats
                                SBR Posting Legend
                                • 12-18-10
                                • 14758

                                #16
                                Originally posted by Brock Landers
                                Maybe in 8-10 years we will be back to where we were at the end of 2019
                                Once any semblance of normality is achieved there will be massive tax hikes to pay for this
                                Comment
                                • Emily_Haines
                                  SBR Posting Legend
                                  • 04-14-09
                                  • 15917

                                  #17
                                  Brock says he wins at gambling as well.
                                  Comment
                                  • jjgold
                                    SBR Aristocracy
                                    • 07-20-05
                                    • 388189

                                    #18
                                    Nobody knows


                                    Unemployment will be higher the rest of the year
                                    Comment
                                    • ridgeway
                                      SBR Wise Guy
                                      • 11-10-17
                                      • 708

                                      #19
                                      Crazy times.
                                      Comment
                                      • EmpireMaker
                                        SBR Posting Legend
                                        • 06-18-09
                                        • 15561

                                        #20
                                        A lot of the small/medium sized businesses are going to be gone, and with them the jobs they created. The way the bailouts have gone and the environment that already existed is going to allow further consolidation in many industries with the largest companies gaining even more power and market share the Amazons and Walmarts will get bigger and those that had a small slice in markets those companies are involved in will lose their share to the huge companies and be sold to the huge companies or simply forced out of business. Many fewer than 78% will actually get their jobs back and wages will still be depressed because of the monopoly power the few huge companies wield.
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388189

                                          #21
                                          EmpireMaker you nailed that one
                                          Comment
                                          • Itsamazing777
                                            SBR Posting Legend
                                            • 11-14-12
                                            • 12602

                                            #22
                                            Glad i learned a skill at 18 and can work in a shop anywhere.... Life choices. Dont be a loser
                                            Comment
                                            • Slurry Pumper
                                              SBR MVP
                                              • 06-18-18
                                              • 2811

                                              #23
                                              How was this questioned asked? Is it temporary and they plan on working for the same employer? Or is it temporary because they are 25 and probably not able to lay around and do nothing for the rest of their lives? As for me, I'm done with my former employer, we had a skype meeting and was told to go fuk myself, well not really but pretty much so. Once the world gets its senses, I'll be on the market fighting with a shit load of engineers trying to find someone who will like to add another $125K+ to their payrole.
                                              Comment
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