The U.S. Department Store Chain Couldn'T Afford To Lose 130 Thousand People.
With the increase in the number of confirmed cases, the impact of the new crown pneumonia epidemic on the US economy has begun to penetrate into more industries. The latest figures released by the US Department of labor show that in the week ending March 21st, the number of Americans applying for unemployment benefits for the first time was 3 million 283 thousand, a record high.
The pressure of the epidemic on the US job market is still increasing. The US Department store chain store Messi 30 announced that the company would lay off about 130 thousand people.
Affected by the new crown pneumonia epidemic, Messi stores in the United States had closed all retail stores nationwide. Local time 30, Messi department store announced that the company from the beginning of this week, will temporarily lay off about 130 thousand retail terminal business personnel.

Despite the fact that online sales are still in operation, Messi stores still say that the full shutdown of the physical retail business has had a huge impact on the sales of the company. Thus, as a listed company, Messi stores will not pay dividends in the first quarter, and has recovered the previous 2020 sales and profit targets.
From the industry perspective, the pressure of layoffs in American enterprises has exceeded the most direct impact of the epidemic. In addition to the retail industry, Ge Corp recently said that the jet engine business sector will reduce about 2500 employees, accounting for about 10% of its total number of employees.

In addition, clinics that are not related to the epidemic are shutting down stores and firing employees. Many people who are out of work recently say they are helpless to apply for unemployment benefits.

Nelson, a unemployed optometrist in Washington, USA: Unfortunately, I worked in a small company before, and I could not get paid during the epidemic. Before I had the highest income at home, now I can only apply for unemployment benefits.

Anton Nellis, an unemployed dancing teacher in Losangeles, USA: depressed, frightened and ashamed. I have been wandering in these emotions since I lost my job. I don't know the sense of shame.
Since the financial crisis, the US employment market has been expanding for nearly 10 years, and the number of working people has increased for 113 consecutive months. Millions of Americans have found jobs. Less than a month ago, the unemployment rate in the United States remained at 3.5%, the lowest level since last 60s.
Reuters reported that, in the face of this outbreak, the longest expansion period in the history of the US employment market is likely to end.
A recent survey released by the Wall Street journal shows that the US economy is in decline almost certainly under the outbreak of the new crown pneumonia. In some ways, the impact of the epidemic on the US economy may exceed that of the 2008 financial crisis.
- Related reading

Xinjiang Kuche Textile Enterprises Orderly Return To Work And Resume Production
|
The United States And Europe Stopped Importing One After Another, And Vietnam'S Textile Industry Suffered Heavy Losses And Began To Consider Dismissing Workers.
|
Globaldata Analysis Shows That Fashion In Britain Is The Most Affected By The Epidemic.
|
Impact Of The Outbreak On Cotton Consumption And Cotton Production May Be Reduced
|- Local businessmen | The Order Crisis Of Overseas Epidemic Situation, Keqiao'S Foreign Trade Home Textile Enterprise Is Very Strong.
- Market prospect | The Sports Year Is Pressed By The "Postponed Key", And The Leading Domestic Sports Clothing Is Advancing Steadily.
- Daily headlines | 2 Day Exchange Rate: 1 US Dollars To RMB 7.0995 Yuan.
- Pregnant baby | Dior Returned To Work In The Children'S Clothing Factory In France To Make Medical Masks.
- Fashion makeup | Enjoy Joint Limited T-Shirt Series
- Market trend | Italy'S Fashion Counterfeit Market Is Booming.
- Fashion Bulletin | Enjoy Color Nike Kyrie 6 New Black Version Landing
- Market trend | Shortage Of Orders, Small And Medium Enterprises Are Facing Another Round Of Stoppage.
- Industrial Cluster | The Textile Supply Chain Is Almost Halting And Cotton Consumption Is On The Decline.
- Fashion Bulletin | Appreciation Of Shoes New "Purple Rose" Color Matching Officially Unveiled
- Xinjiang Kuche Textile Enterprises Orderly Return To Work And Resume Production
- Glycol Limit, Polyester Production And Sales Over 100! (2020.4.02)
- Outage, Holidays, Banned... Multinational Launched The "Upgraded Version" Epidemic Prevention Measures!
- Developing New Ideas Of Online Sales, Clothing Enterprises Breaking Through Predicament
- Shenzhou Resumed Daily Production Of 800 Thousand Garments, Orders, Delivery No Impact At The Moment!
- Bad Business? In The Middle And High-End Line, The Positive Fashion Is Sold By These Products By 2 Billion 438 Million.
- The Costumes Recall The Experience Of The Chinese Costume Exhibition Troupe Of The Past Dynasties: The Scene Of Unforgettable Habo Village.
- In March, Caixin China'S Service Industry PMI Rose To 43, The Lowest In History.
- How Can The Epidemic Break Through? The Online Exhibition Solution Shows The Way For The Exhibition Company.
- The Order Crisis Of Overseas Epidemic Situation, Keqiao'S Foreign Trade Home Textile Enterprise Is Very Strong.