New study shows second wave of layoffs underway

Coronavirus

ALBANY, NY (NEWS10) — A second wave of layoffs is hitting workers in the U.S., according to a new survey by Cornell University and Real-time Interactive Worldwide Intelligence.

The study was released Tuesday, Aug. 4, and indicates that a percentage of workers who’ve returned to work after a widespread first round of layoffs are now being laid off for a second time.

The survey also indicates that another percentage of workers have been told that they may be laid off again.

Researchers collected data from July 23 to Aug. 1 and demonstrated that employers with workers who have returned to their payrolls are now renewing layoffs.

Here’s a breakdown from the study:

  • 37% reported having been laid off or furloughed since March 1
  • 31% of workers report being laid off a second time
  • 26% have been told by employers that they are at-risk for another layoff
  • 57% said they were back on payroll after an initial dismissal
  • 39% of those back on payroll report not actually being asked to return to work even though they were being paid
  • 28% of respondents, working and non-working consider themselves self-employed
  • 32% of self-employed respondents received federal Pandemic Unemployment Assistance

A total of 6,383 individuals responded to the study. The team behind the study anticipates continued high levels of weekly unemployment claims and increasing unemployment rates over the coming months.

Meanwhile, Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol generated lots of recriminations but little progress on the top issues confronting negotiators.

“There’s a handful of very big issues that we are still very far apart on,” said Treasury Secretary Steven Mnuchin.

Mnunchin spoke of impasses on aid to states and local governments and renewing supplemental unemployment benefits in the nighttime meetings on Thursday, Aug. 6.

Both sides said the future of the talks is uncertain. President Donald Trump is considering executive orders to address evictions and unemployment insurance, but they appear unlikely to have much impact.

You can see the full report from here Cornell University/RIWI here:

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