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A spike in long-term unemployment is looming

Sep 2, 2020
Temporary layoffs are becoming permanent for more furloughed workers.
A shuttered theater in Los Angeles. People laid off early in the pandemic who are still out of work are approaching what the Labor Department defines as long-term unemployed.
Frederic J. Brown/AFP via Getty Images

Nearly a third of Americans worry about having their work hours cut or losing their jobs

Sep 1, 2020
And according to Americans who've already lost their jobs, they should be.
An employee at the newly reopened Metropolitan Museum of Art in New York. With unemployment widespread, many people who have kept their jobs are worried about losing them.
Kena Betancur/AFP via Getty Images

Aluminum workers say they wouldn't want their kids to do the same work

Mar 13, 2017
The Alcoa aluminum plant laid off hundreds of workers last year. They miss the pay and camaraderie, but say they wouldn't want their kids following them into smelter work.
Bob Greiner teaches automotive technology to laid-off Alcoa workers in a retraining program at Wenatchee Valley College.
Mitchell Hartman/Marketplace

IBM: when corporations took care of their employees

Jun 13, 2016
IBM had a policy of full employment and went without layoffs for seven decades.
 Louis V. Gerstner became CEO of IBM in 1993. Later that year, the company would lay off thousands of workers.