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COVID-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here COVID-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here
Covid-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here A new interactive map is forecasting the economic impact of the COVID-19 pandemic not just on individual states, and towns, but neighborhoods, as well. Created by BestNeighborhood.org, a property data clearinghouse, the map draws on industry data and economic projections to predict where the economy will be hardest hit by the pandemic over the next 6-12 months. With just a bit of clicking and zooming, very precise predictions about where the economy is expected to suffer the greatest economic damage from COVID-19 can be searched down to street-level. The map is color-coded and, at the s…

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by Kristin Palpini
Business
Minimum Wage Increase Takes Effect: Here's Who Gets What By Region Minimum Wage Increase Takes Effect: Here's Who Gets What By Region
Minimum Wage Increase Takes Effect: Here's Who Gets What By Region Some employees in New York will see a slight increase in their paychecks in the new year as the minimum hourly wage increases. As scheduled, New York's minimum wage got a bump from $11.80 to $12.50 on Thursday, Dec. 31 for most of the state. The 70-cent an hour raise represents an extra $28 weekly for employees working full-time minimum wage jobs. On Long Island and in Westchester County, the minimum wage rose to $14 an hour, while wages will stay steady in New York City at $15. The minimum wage in both those regions has been steadily on the rise for the past four years. Another minimum wa…

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by Zak Failla
Business
Sears To Close Last Store In Westchester Sears To Close Last Store In Westchester
Sears To Close Last Store In Westchester The last Sears store in Westchester is set to close its doors. Officials announced that the Sears store on Main Street in White Plains, including its attached auto-center, will be closing early next year as the former retail giant continues its nationwide closures of brick-and-mortar stores. Related story - New Sears Closure Announced In Hudson Valley Officials cited “unforeseeable business circumstances” that were prompted by the COVID-19 pandemic, which impacted businesses nationwide. When Sears closes on Feb. 21, 2021, 59 employees will be out of a job, according to a filing with the s…

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by Zak Failla
Business
COVID-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic COVID-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic
Covid-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic The COVID-19 pandemic has forced tens of thousands out of work, some of whom will have no job to return to once the virus has run its course in this country. Numerous industries will be permanently changed by the virus after thousands were furloughed or laid off while companies made the necessary audibles to stay afloat during the pandemic. Some companies that vowed to return furloughed employees back to work have also announced that they will drastically be reducing their workforces in an effort to keep costs down to account for financial losses that were accrued due to the COVID-19 outbr…

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by Zak Failla
Business
COVID-19: Resorts World, Other Casinos Send Layoff Notices To Thousands Of Workers COVID-19: Resorts World, Other Casinos Send Layoff Notices To Thousands Of Workers
Covid-19: Resorts World, Other Casinos Send Layoff Notices To Thousands Of Workers Thousands of casino employees in the Hudson Valley will soon be out of a job soon as casinos remain closed due to the novel coronavirus (COVID-19) pandemic. More than 4,000 employees at Tioga Downs, Vernon Downs, Rivers Casino Resorts World Catskills and Resorts World New York City have all been given notice that their positions are being terminated amid the outbreak of the virus. Employees had previously been furloughed since the pandemic began in New York in mid-March and now have been issued warning that they are to be let go. "Unfortunately, several weeks after ceasing operations in Ma…

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by Zak Failla
Lifestyle
COVID-19: Poll Shows How Many Are 'Very Concerned' Economy Will Fall Into Depression COVID-19: Poll Shows How Many Are 'Very Concerned' Economy Will Fall Into Depression
Covid-19: Poll Shows How Many Are 'Very Concerned' Economy Will Fall Into Depression Some Americans are “very concerned” that local, state, and national economies could fall into an economic depression as the country begins to recover from the novel coronavirus (COVID-19) crisis. A Quinnipiac University poll of 1,323 voters conducted between Thursday, May 14, and Monday, May 18 found that about four in 10 voters (42 percent) say they are “very concerned the economy will fall into a depression. The poll also determined that 39 percent are “somewhat concerned,” 11 percent are “not so concerned,” and 8 percent are “not concerned at all.”  According to the Asian Developme…

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by Zak Failla
Lifestyle
COVID-19: Half Of Americans Have Lost Job, Or Work Hours, Due To Pandemic, New Poll Says COVID-19: Half Of Americans Have Lost Job, Or Work Hours, Due To Pandemic, New Poll Says
Covid-19: Half Of Americans Have Lost Job, Or Work Hours, Due To Pandemic, New Poll Says Half the country has taken a financial hit due to the novel coronavirus (COVID-19) pandemic, and most don’t believe they’ll be heading back to work soon, according to a newly released Marist College poll. According to the poll, 50 percent of Americans said they or someone in their household has lost their jobs or hours due to the virus, up from 18 percent from a previous poll just a month ago. "There are few households in the country that haven't been affected by this crisis, through health, through school, through jobs, from all walks of life, from all backgrounds," Barbara Carvalho, direc…

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by Zak Failla
Business
COVID-19: Trump Defends Decision To Furlough Employees, Including At Mar-A-Lago COVID-19: Trump Defends Decision To Furlough Employees, Including At Mar-A-Lago
Covid-19: Trump Defends Decision To Furlough Employees, Including At Mar-a-lago President Donald Trump was on the defensive after his company decided to furlough hundreds of employees due to the novel coronavirus (COVID-19) pandemic. This week, it was revealed that Trump’s company was temporarily laying off at least 153 employees at his favorite weekend getaway golf spot, the Mar-a-Lago club in Palm Beach, Florida, prompting the commander-in-chief to defend the action. Mar-a-Lago employees weren’t the only casualties, as hundreds of other employees at the Trump National Doral Miami resort were also laid off amid the pandemic. At the White House, Trump said, “you can’t…

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by Zak Failla
Business
COVID-19: These Businesses Are Hiring Workers COVID-19: These Businesses Are Hiring Workers
Covid-19: These Businesses Are Hiring Workers Although the novel coronavirus outbreak (COVID-19) has forced employees at non-essential businesses to work from home, while thousands of others have been laid off, some companies are padding their workforce and hiring new employees. Nationwide, many bars, restaurants, and non-essential businesses voluntarily or were ordered to shutter their doors amid fears of the spread of COVID-19, though the grocery store business continues to boom as area residents stock up on items. According to multiple reports, ShopRite, Price Chopper, Tops, and Stop & Shop are all in the market for thousands of…

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by Zak Failla
Business
And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected
And We're Off: First-Ever $1 Trillion Holiday Shopping Season Expected Black Friday is here and this holiday shopping season is expected to be one for the books. The spending forecast is above $1 trillion for the first time, with e-commerce sales comprising an estimated $123.7 billion, according to eMarketer. There are a number of ‘macroeconomic indicators’ that hint at this spike in shopping season sales; a positive labor market, increased consumer confidence, and overall GDP growth and lower unemployment. If estimates are correct, the total increase in spending will be 5.8% higher than last year’s sales and spending numbers.

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by Valerie Musson
Business
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration
Nearly 200 Sears, Kmart Workers In Area Will Lose Jobs Following Bankruptcy Declaration Nearly 200 Sears and Kmart employees will lose their jobs following the official filing for bankruptcy by Sears Holdings. Last week, Sears announced that it would be closing another 142 unprofitable Sears and Kmart locations, including several in the area. Those closures will reportedly impact According to the Worker Adjustment and Retraining Notification filed on Oct. 15, 42 employees at Kmart on Route 6 in Mahopac would be let go; 55 employees at Sears in the Jefferson Valley Mall would face termination; 76 employees at the Sears at The Shops in Nanuet; and 12 at Sears on Route 59 in Nanu…

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by Zak Failla