![]() The campaign also addresses special considerations for those with mobility challenges and stresses that every escape plan must be individually crafted to address the unique differences of every home. Everyone needs to know what to do and where to go if there is a fire. Plan Ahead! If a fire breaks out in your home, you may only have a few minutes to get out safely once the smoke alarm sounds. Plan your escape.” From planning to action, this year’s campaign works to better educate the public about the importance of strategizing and practicing a home fire escape. In addition to laying off employees, 52% of respondents said they’ve made hiring freezes or plan to.Did you know that only one out of every three American households have developed and practiced a home fire escape plan? Fortunately, the National Fire Protection Association (NFPA) has declared October 9th-15th as this year’s Fire Prevention Week through the lens of the theme, “Fire won’t wait. That’s the share of corporate executives that have implemented or plan to implement job cuts, according to a recent PricewaterhouseCoopers survey of 722 executives. Orion Advisor Solutions chief investment officer Tim Holland told Forbes, “we have a hard time believing the economy is in recession today.” Big Numberĥ1%. More recent projections indicating the economy’s seasonally-adjusted annual rate could grow by 2.7% in the third quarter also assuaged some inflation fears. Deputy Secretary of Labor Julie Su said she was optimistic the economy will rebound, citing 9 million jobs created since President Joe Biden took office, and 372,000 new jobs in June. In an interview with the Washington Post this summer, U.S. Meanwhile, new data from the Department of Commerce found the price of goods increased by a worse-than-expected 6.2% in August, a sign to economists that inflation is not letting up, with EY Parthenon predicting a recession. The number of new jobs, however, was the lowest since April 2021, with 263,000 jobs created, down from 315,000 in August. By October, however, economists once again started fearing the bear market could deepen further into an unavoidable recession, even as a recent Labor Department report showed the unemployment rate hit a 50-year low of 3.5% in September-0.2% lower than expected. A report in August from the Bureau of Labor Statistics revealed an 8.5% spike in inflation from last July-a sign that the Federal Reserve’s interest rate hikes could be cooling inflation one month after a 9.1% year-over-year spike in June. Then, for several months this summer, warning signs seemed to be tapering off. Bank of America issued a warning last month that “economic momentum has faded,” and a “mild recession” is possible by the end of the year. After the rate hike-the first of two from the Federal Reserve this summer-economists at S&P Global Ratings forecast a 2.4% drop in GDP by year’s end, a reverse in course from earlier forecasts of 2.4% growth. Those fears were reignited following the Federal Reserve’s announcement in June to raise interest rates by 75 basis points, its largest rate hike in 28 years. may be headed toward recession following reports the economy contracted 1.6% in the first quarter of the year. May 21, 2022Used car seller Carvana CEO Ernie Garcia III sent an email to 2,500 employees - 12% of the company’s workforce - informing them they had lost their jobs, one week after freezing new hiring, as the company embraced for what looked like a looming recession in car sales, and reports of a “spendthrift” business style had come back to bite the company. ![]()
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