Stimuli Detector

“‘We have come to you many times throughout the pandemic, often with sobering updates on a world none of us could have imagined,’ wrote American Airlines CEO Doug Parker and its president, Robert Isom, in a staff note announcing the cuts. ‘Today is the hardest message we have had to share so far.'” In many industries, stimulus dough is running out and business is not coming back. American Airlines is cutting 19,000 jobs when federal aid expires in October.

+ “The number of workers lining up for jobless aid has been rising. The retail and delivery sectors, which especially benefited from laid-off Americans spending the extra cash, have cut back on hiring. Walmart, the nation’s biggest retailer, reported record profits in the second quarter thanks to government aid to consumers but now says sales growth is slowing.” Politico: Economy hurting after Congress fails to act on stimulus.

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