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According to a Philadelphia Federal Reserve survey that was released on Friday, the US economy would expand at a much faster rate in the present quarter than expected previously, however, the outlook looks weaker for growth and job creation in the fourth quarter and beyond. According to the Philly Fed’s quarterly Survey of Professional Forecasters there was predicted growth in the current third quarter that would come in at a 19.1% annualized rate.
According to the bill passed by the State Assembly, California’s legislature showed some movement on a proposal that would mandate each publicly held corporation based in the state to have at least one director from an underrepresented community on its board by the end of 2021. While the state’s Assembly passed the bill in January, the Senate made amendments on 28 July, 2020. Now the bill awaits committee action. According to the bill, AB-979 – an underrepresented individual is one who “self-identifies as Black, African American, Hispanic, Latino, Asian, Pacific Islander, Native American, Native Hawaiian, or Alaska Native.
In a recent ruling by the 7th US Circuit Court of Appeals, it was revealed that a chemist working with Medline Industries was not subjected to discrimination by the association under the Americans with Disabilities Act (ADA). It was found that when the employee was fired out on leave, the employer had already twice modified his work schedule so that he could take care of his ailing grandfather. The ruling came out on 6 Aug, 2020.
In a recent announcement made by AutoZone Inc on Thursday, it revealed its plans to recruit more than 20,000 employees in the US in order to meet the burgeoning demand from both retail and commercial customers. The move came on the heels of North American auto sales slowly recovering since they had hit a bottom in April. This in result had pushed large automakers to ramp-up their productions and boost weak inventories at various dealerships.
According to the latest survey by Dow Jones, the first-times for jobless claims fell below one million for the first-time since 21 March 2020. The survey revealed that the claims for unemployment insurance falling is a sign that the labor market is on the continuous path of recovery from the coronavirus pandemic.
Citigroup employee filed a lawsuit against the company, alleging he was subjected to discrimination and retaliation when he alerted the organization to the sexual harassment claims lodged against potential hire, in violation of state law. According to the lawsuit, the employee Thomas Krauss followed the internal procedure of reporting concerns to HR and complained that the prospective hire had resigned from his previous company amid sexual harassment controversy. While the person was not hired, Krauss faced discrimination in terms of performance reviews, and his salary.
Lyft might suspend its services in California, if the recent ruling that requires it to classify its drivers as full-time employees is not overturned. The announcement was made by Lyft co-founder and President John Zimmer during the organization’s second-quarter earnings call. Uber had made the similar announcement earlier this Wednesday.
According to a survey carried out by Paycor on 5 August, 2020, it was revealed that while the coronavirus pandemic challenged numerous businesses – small- and medium-sized organizations were optimistic about the economy recovery. The survey revealed about 54% of business leaders had plans to hire full-time employees in 2020. Further, more than 70% of about 600 business leaders that were surveyed revealed that the impact of COVID-19 on the business have been ‘moderately challenging,’ and about 87% of businesses had attempted to take advantage of government loan or tax program.
US President Trump’s executive order that was meant to boost weekly aid for unemployed Americans aimed to alleviate ‘acute financial distress,’ for numerous families across the nation. According to the executive order, the unemployed workers were to get an extra $400 a week in jobless benefits. But the restrictions on that extra assistance of about $400-a-week increase in benefits –implied that the amount would not be available to a huge chunk of unemployed workers.
In a recent announcement made by British life insurer Prudential, it was revealed that it planned to spin off its US business Jackson and would be focusing on Africa and its largest market Asia. The announcement was made on Tuesday and was in a response to investor pressure for a split. Prudential’s shares hit eight-week high as investors cheered the news that the company would follow in the footsteps of its peers.
Amazon, the retail ecommerce giant on Tuesday announced it had hired 1,000 employees at its Nashville, Tennessee office. With this announcement Amazon’s SVP of retail operations, Dave Clark, revealed that the company is ‘ahead of schedule,’ in its efforts to bring about 5,000 jobs to Nashville. Amazon had selected Nashville as its East Coast logistics hub, dubbed the Operations Center of Excellence in 2018.
While Uber fights a lawsuit from the California attorney general claiming that the company had denied benefits to its drivers, the Uber CEO Dara Khosrowshahi laid out his argument for a ‘third way’ to classify gig workers. Khosrowshahi had shared his argument in a New York Times op-ed published on Monday and came at a time when the company was fighting the lawsuit. As per the lawsuit, Uber had falsely classified them as contractors. According to the op-ed, Uber CEO had suggested companies relying on gig work should be required by law to create benefit funds that could be used by workers.
In a recent turn of events, McDonalds had sued its ex-CEO Steve Easterbook in Delaware state court to take back his compensation and 26 weeks of severance benefits. According to a Securities and Exchange Commission filing on Monday, it was claimed that the ousted executive had lied during the restaurant’s internal probe into his consensual relationship with an employee. The QSR also claimed that it received an anonymous tip in July, claiming that Easterbook had a physical relationship with an employee despite his denial, which prompted further investigation.
According to tax experts, it is believed that President Donald Trump’s payroll tax deferral plan could spell a bad news for the workers, as payroll tax holiday could result in higher tax bills for employees in 2021. While the lawmakers remained at a deadlock over coronavirus relief efforts last week, Trump had signed a package of four executive orders on 8 August, 2020. Temporary deferral of the employee’s share of the payroll tax for workers who earned no more than $104,000 per year.
Burlington Coat Factory faced two FLSA lawsuits when its assistant store managers claimed that they were deprived of overtime pay. The lawsuits brought by the assistant store managers claimed that while they worked for more than 40 hours in a workweek, they were deprived of overtime as they were misclassified as exempt under state and federal wage and hour laws. The preliminary approval of the settlement would be granted by a New Jersey federal trial judge.
With air travel still not picking up amid the COVID-19 scare, Delta Airlines encouraged its cabin crew to either take a year off or consider other options to avoid involuntary furloughs. According Allison Ausband – senior vice president of Delta in-flight service – the company had confirmed that they would be over-staffed from October into the summer of 2021.
According to the announcement made by the US Equal Employment Opportunity Commission (EEOC), the agency confirmed that it had resumed the issuance of charge closure documents thus ending a temporary suspension due to the COVID-19 pandemic. The announcement was made on 3rd August, 2020. The agency had announced the temporarily suspension on 21 March, 2020 and had said it would only resume it when charging parties would request them.
While there has been a decline in the number of Americans who sought jobless benefits, there is a staggering 31.3 million people who received unemployment checks in mid-July. The current market scenario suggested the labor market was stalling as the country battled a resurgence in new COVID-19 cases that is threatened a budding economy recovery. Another report on the market revealed a surge of 54% in job cuts that were announced by employers in July.
In another incident the Scotts Co. had agreed to pay about $3.1 million as a settlement claim to put a rest to the state and federal wage and hour claims by lawn care workers in various states. According to the lawsuit filed by the workers – who provided lawn care services to the Scotts’ customers – alleged that the employer misapplied the ‘fluctuating workweek’ method in paying the wages. Thus violating the requirements of the Fair Labor Standards Act (FLSA).
Another lawsuit filed, this time to help the workers of New Jersey. In a recent development, a business-backed group had filed a lawsuit that claimed New Jersey’s new law – which required employers to give workers more advanced notice before laying them off – violated the federal law that governed employee benefits.