Slow Jobs Recovery in Major US Metros Drags on Long-Term Tax Growth

Fitch Ratings-New York-28 October 2020: The majority of major metropolitan areas with the most severe peak-to-trough employment losses during February–April have struggled to recover jobs, says Fitch Ratings. None of the 54 major metros – those with a population of around one million or more – have recovered more than 70% of jobs lost during the height of the pandemic. With a rise in coronavirus cases and a slower economic recovery expected in 4Q20, employment rates in these metros are unlikely to return to pre-pandemic levels in the medium term.

Read more

Rise of remote working entices startups to flee big tech hubs

Since pandemic lockdown measures took effect seven months ago, some early-stage startup founders have shifted parts of their businesses away from startup hubs like San Francisco and New York, where operating costs for their budding companies are much higher.

Read more

This Amazon program is helping people get training, certification and jobs in cloud computing

Since 2017, AWS re/Start has partnered with workforce development programs around the country, like Per Scholas, to provide free coursework and cover fees in order for participants to get certified in AWS cloud computing, explains program director Kevin Kelly. AWS re/Start aims to help unemployed and underemployed people, as well as candidates with no tech background or limited experience in a traditional job setting, such as military service members re-entering the civilian workforce, gain an entry-level cloud computing job upon graduation.

Read more