Jobless claims came out today, and they are back up above 1 million for the week ending Aug. 15, after falling to a (revised) 971,000 the week before. This may be further evidence that the economic recovery is slowing or stalling. One related piece of data that doesn't exactly bode well for that recovery: job listings are down by about 20% compared to this time last year, according to the jobs site Indeed.com.
They were down by even more in April and May but now the rebound that had started has basically come to a halt. That "suggests the possibility of a quick V-shaped recovery for the labor market continues to diminish," said Nick Bunker, economic research director at Indeed. And "that it’s increasingly looking like we’re in for a long haul when it comes to this recovery."
Quite a lot has been going on:
This Marketplace pack brings a little Microsoft Flight Simulator to Minecraft | Windows Central
Microsoft Flight Simulator is the game on everyone's minds right now, with its breathtaking visuals and sheer technical achievement on display. But some people aren't able to enjoy the wonder that is Microsoft's latest foray into flight simulators, particularly if they're waiting for Microsoft Flight Simulator to come to Xbox . If you're playing Minecraft in the mean time and are craving some plane action, consider the Super Planes pack in the Minecraft Marketplace.
Super Planes is more than just a map or texture pack, and actually makes functional changes to the way Minecraft works. With this pack, you can fly functioning planes (with multiple variants to choose from!) around towns, cities, and other Minecraft-built locations, and even customize your character with new skins.
How is Business Roundtable's stakeholders pledge going? - Marketplace
On Aug. 19, 2019, the Business Roundtable, a group of CEOs from some of the country's biggest companies, announced a new Statement on the Purpose of a Corporation .
Nearly 200 CEOs pledged that moving forward, they would "lead their companies for the benefit of all stakeholders — customers, employees, suppliers, communities and shareholders."
But the economy has changed since 2019. Have these companies held up their commitment in the middle of a pandemic and a recession?
Eliminating the concept of waste from the economy - Marketplace
Can pollution and climate change be addressed and solved as if they were design problems? For architect William McDonough, the answer is a straightforward “yes.” But the solution involves getting rid of the idea of waste as an end product in our society and economy.
While it may seem like a far-fetched idea, McDonough has developed systems of renewal in building design and clothing production that run on the concept of a “circular economy.”
Other things to check out:
How the pandemic is accelerating e-commerce's shift to the marketplace model – Glossy
The coronavirus pandemic has accelerated a number of trends that were emerging before it began. That includes the increasing shift in e-commerce from a wholesale model, where the seller buys inventory from brands and sells it online, to a marketplace model, where third-party sellers sell directly through the platform.
These marketplaces can take different forms. For example, some handle all the logistics and shipping. Some, like Farfetch, sell inventory from small boutiques and retailers rather than directly from brands.
Kroger to launch digital marketplace this fall | Supermarket News
Kroger said Tuesday that, under the move, its Kroger Ship direct-to-customer platform will extend its ship-to-home assortment beyond groceries to a range of other categories, including natural and organic products, international food, specialty items, housewares and toys. Initially, more than 50,000 items will be available to customers, the Cincinnati-based retailer said. Eligible Kroger.com orders also will be able to earn loyalty rewards, such as fuel points.
Amazon can be liable for third-party sellers' defective products, appeals court rules - The Verge
An appeals court held that the company was 'pivotal' to the sale of a defective battery that injured a customer
The decision could have dire repercussions for Amazon, which has argued for years that it only serves as an intermediary between buyers and its third-party sellers, which Amazon collectively refers to as the "Amazon Marketplace" even though it's not a distinct place on Amazon. (Third-party sellers appear in normal Amazon listings, with only a small line of text to indicate that the actual seller isn't Amazon itself.
Happening on Twitter
#AnotherWeekAnotherDollar *Our markets analyst @JesseCohenInv gives us his #Top5ThingsToKnowThisWeek: - Powell Sp… https://t.co/sguruQOrJJ Investingcom (from Global) Sun Aug 23 14:02:08 +0000 2020
1.1 million Americans filed for first-time unemployment last week, including more Mississippians by the day. These… https://t.co/QuPHi1uBbX MikeEspyMS (from Jackson, Mississippi) Sat Aug 22 21:42:00 +0000 2020
Trump has abandoned American workers during this crisis. https://t.co/m6UaTaLuar CAPAction Sun Aug 23 18:32:00 +0000 2020
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