Nolte: Failing Media Hit with Record 30,000+ Job Cuts in 2020
Media job cuts hit an all-time record high in 2020, and there is no sign those jobs are coming back.

Media job cuts hit an all-time record high in 2020, and there is no sign those jobs are coming back.
Less than half of what economists had forecast.
Private payroll growth came in much weaker than expected for November.
The ADP number has been wildly offbase in recent months but it tends to get the direction of employment growth right.
LONDON (AP) — The number of people in employment in the UK fell by 220,000 in the three months after the country was put into lockdown as a result of the coronavirus pandemic, official figures showed Tuesday.
Economists had forecast millions of jobs would be added by U.S. businesses.
White House Senior Adviser Ivanka Trump will launch a new ad campaign on Tuesday promoting the value of job training outside of the four-year university college system.
A total of 5.37 million jobs added in May and June
The widely reported tick up in black unemployment was due to a rising number of African Americans returning to the workforce
The NYT columnist and economist Paul Krugman made the unsubstantiated claim that the great May jobs numbers might be “cooked.” He later apologized while still downplaying the record gains.
The U.S. Census Bureau has launched a weekly survey of American households during the coronavirus outbreak.
Farm and feed retailer Tractor Supply Company announced Monday it will add 5,000 new jobs during the current coronavirus outbreak, calling the hiring drive its “most ambitious” ever.
A survey released this week from LendEDU reveals that Americans were already on shaky financial ground even before the impact of the coronavirus outbreak.
A poll released on Tuesday shows 18 percent of respondents say they have either lost their job or had hours reduced because of coronavirus.
Economists had been expecting 177,000 jobs in February.
Defying naysaying anti-Brexiteers, the United Kingdom marked it departure from the European Union by recording the highest employment rate in history, with nearly 33 million people employed.
Job openings fell but the ratio of unemployed to openings remains at historically low levels, indicating labor market strength.
Businesses in the United States added 291,000 workers to private payrolls, according to a report Wednesday from ADP and Moody’s Analytics
The economy of the United Kingdom has once again refused to conform to the doom and gloom prophecies of anti-Brexit economists, posting record job numbers ahead of Britain’s withdrawal from the European Union.
The imaginary recession of 2019 is over.
Job creation has cooled off in the second half of 2019 even as unemployment has remained near multi-decade lows.
New York City’s restaurants are feeling the pinch of a $15 minimum wage hike, cutting staff hours and closing restaurants to make ends meet.
After President Trump’s bipartisan expansion of GI Bill benefits in 2017, the hopes of our country’s troops look brighter than ever.
Manufacturing job openings jumped to 522,000 from 515,000 in the prior month, the Department of Labor said Tuesday.
African American unemployment fell to the lowest level on record.
Job openings and hires in the manufacturing sector remain elevated despite trade tensions. Factory layoffs remain very low.
At the first night of this week’s Democratic presidential debates, candidate Pete Buttigieg claimed it was anti-Christian not to drastically raise the minimum wage.
Economists surveyed by Econoday had forecast a gain of 151,000 for July.
Official figures show that average earnings in the U.K. increased in the three months to April while unemployment remained at its lowest level since the end of 1974.
Economists had estimated that the economy would add 180,000 to nonfarm payrolls in April.