Payroll News

• American Airlines reports quarterly net loss of $2.4 billion while Southwest posts $1.2 billion loss
  
  American Airlines began furloughing 19,000 workers this month after Congress failed to extend its payroll support for the sector. Southwest has avoided furloughs by pushing pay cuts.
  Daily Mail.  Thursday, 22 Oct 2020.
• Mexico stunned by L.A. arrest of former defense chief allegedly on drug cartel's payroll
  
  Mexico's president says the arrest at LAX of retired Gen. Salvador Cienfuegos Zepeda on charges of drug trafficking and money laundering charges is 'very regrettable.'
  Los Angeles Times.  Friday, 16 Oct 2020.
• Despite their money and analytics, Dodgers keep disappointing in playoffs
  
  The Dodgers boast first-rate analytics and a payroll most general managers would die for, and yet they are on the brink of another lost playoff run.
  Los Angeles Times.  Friday, 16 Oct 2020.
• How The U.S. Presidential Election May Impact Your Career (And Bank Account)
  
  What Trump and Biden believe about the job market, payroll taxes, employment benefits, and hiring practices.
  Forbes.  Thursday, 15 Oct 2020.
• How Tampa Bay Rays Overcame $28.3 Million Payroll To Emerge As MLB Force
  
  On Wednesday, the Rays received the highest of compliments from the team with the highest payroll in baseball.
  Forbes.  Wednesday, 14 Oct 2020.
• Mass airline furloughs may send damaging ripple effects through economy
  
  Tens of thousands of airline workers are out of jobs over the weekend, as the federal government's $25 billion payroll support program expires along with a ban on airline job cuts. ...
  CBS News.  Tuesday, 13 Oct 2020.
• Reversal of Fortune: Stimulus Back On?
  
  The idea now is to have more of an a la carte approach to stimulus: sending out $1200 checks with the president's signature on it and a $25 billion airline payroll stipend, among other things.
  Zacks.  Wednesday, 7 Oct 2020.
• Jobs Report Shows Further Slowdown in U.S. Economic Recovery
  
  Payrolls grew last month, but permanent layoffs are rising, the labor force is contracting, and fewer women are employed.
  New York Times.  Friday, 2 Oct 2020.
• Economy is cooling as U.S. election nears
  
  Weakening payroll gains and tepid consumer spending are just some of the signs that growth is slowing.
  CBS News.  Friday, 2 Oct 2020.
• 'Massively concerning' jobs report sends a signal that the economic recovery could be fading
  
  The Labor Department reported Friday that nonfarm payrolls increased by 661,000 in September. In normal times, that type of hiring pace would be considered a sign of a robust job market.
  CNBC.  Friday, 2 Oct 2020.
• Markets Close in the Green Yet Again, Jobs Numbers on Deck
  
  We see the all-important non-farm payroll report Friday morning, whereby 800K new jobs are estimated to have been created in the month of September.
  Zacks.  Thursday, 1 Oct 2020.
• American Airlines, United Airlines to furlough thousands as CARES Act expires
  
  Tens of thousands of airline workers will be furloughed as the CARES Act Payroll Support Program expires.
  ABC News.  Thursday, 1 Oct 2020.
• U.S. Treasury says it has closed loans to seven major airlines
  
  The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance. ...
  Yahoo.  Tuesday, 29 Sep 2020.
• ANNA MIKHAILOVA: Own goal! Rule of law champion Sir Bob Neill MP breaches Commons rules
  
  ANNA MIKHAILOVA: As well as trousering an extra salary for chairing the Commons Justice Select Committee, the Tory knight is also on the payroll of the Substantia Group, a one-stop shop for developers.
  Daily Mail.  Sunday, 27 Sep 2020.
• Two key GOP senators propose $28.8 billion in airline assistance to avoid job cuts
  
  Two key Republican senators on Monday introduced legislation that would authorize $28.8 billion in payroll assistance to avoid thousands of airline industry layoffs set to begin on Oct. 1. ...
  Yahoo.  Monday, 21 Sep 2020.

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