As per the U.S. Bureau of Labor Statistics, the U.S. economy added 1.8 million of nonfarm payroll employment in the month of July, reflecting third straight month of job gains after a significant decline in the month of April. Notably, Job creation prevailed in leisure, hospitality, retail trade, health care, professional and business services, government and other services. Furthermore, the official unemployment rate plunged by 0.9 percentage point to 10.2 per cent, and the number of unemployed individuals fell by 1.4 million to 16.3 million.
The Government of New Zealand is planning to release $214 million from the COVID-19 response and recovery fund to aid schools and help construction firms that are tackling with additional costs due to the pandemic. The funding includes $69 million provided to upgrade online learning; $38 million to support schools cover unanticipated costs related to COVID-19 and $107 million in emergency funding to help school construction suppliers who are facing additional costs due to the lockdown.
Z Energy’s plans to cancel its service station forecourt concierge service from October 1 may leave up to 100 people out of jobs. The company said it was cancelling the service because its research showed customers prioritised speed and price, over the need for forecourt helpers. Z Energy retail general manager Andy Baird said while “a friendly face on the forecourt was a key point of difference” for Z when the service was introduced, times were changing. In May, Z Energy reported a $88 million loss in the year to March 31, due to writedowns, market competition and low refining margins. Z Energy received $3.4m from the Government’s wage subsidy for 491 staff.
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