Workforce Development News – April 20, 2020

By on April 20, 2020
COVID-19 Will Change The Nation’s Long-term Economic Trends

A weekly collection of articles on workforce development, employment and training, business performance improvement, leadership, higher education, and the economy.

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Federal Reserve Reports Manufacturing Output’s Largest Decline Since 1946

“Motor vehicles and parts were the worst hit manufacturing sector: Output there fell 28%. Production of business equipment fell 8.6%, including a 22.8% drop in transit equipment.”
https://www.industryweek.com/covid19/article/21128952/federal-reserve-reports-manufacturing-outputs-largest-decline-since-1946
https://www.federalreserve.gov/releases/g17/current/g17.pdf

How COVID-19 Will Change The Nation’s Long-term Economic Trends

“Changes might accelerate familiar trends.”
https://www.brookings.edu/research/how-covid-19-will-change-the-nations-long-term-economic-trends-brookings-metro/

Eighth District Beige Book

“Economic activity has declined sharply since February. Essentially all contacts reported some degree of slowdown in activity due to COVID-19. In the worst cases, firms are expecting zero revenue in April and possibly May. Many firms reported moderate to severe temporary layoffs, furloughs, or paid time off.”
https://research.stlouisfed.org/publications/regional/beige-book

U.S. Economic Confidence Shows Record Drop

“More now rate current economic conditions negatively than positively. Perceptions of job market tank.”
https://news.gallup.com/poll/308828/economic-confidence-shows-record-drop.aspx

Commerce Locks Up and Retail Sales Plunge Unprecedented 8.7%

“The deterioration of sales far outpaced the previous record set by the Great Recession in November 2008.”
https://www.politico.com/news/2020/04/15/commerce-locks-up-and-retail-sales-plunge-unprecedented-87-187698

LinkedIn Workforce Report | St. Louis | April 2020

“Hiring was 1.3% lower in March 2020 than in March 2019. Seasonally-adjusted hiring was 2.1% lower in March than February.”
https://www.linkedin.com/jobs/blog/linkedin-workforce-report-april-2020-st-louis-mo

Finding the Right Words in a Crisis

“The wrong ones spark fear. The right ones facilitate clarity, calm, and action.”
https://hbr.org/2020/04/finding-the-right-words-in-a-crisis

Six Healthy Ways to Lead in a Crisis

“Here’s how to be the leader your organization needs right now.”
https://www.entrepreneur.com/article/348653

Customer Satisfaction Surveys: A Comprehensive Guide

“Customer satisfaction surveys are only valuable if you ask the right questions, in the best way, at the perfect time.”
https://www.helpscout.com/blog/customer-survey/

Leaders, Do You Have a Clear Vision for the Post-Crisis Future?

“Don’t let your short-term response get in the way of your long-term plan.”
https://hbr.org/2020/04/leaders-do-you-have-a-clear-vision-for-the-post-crisis-future

Life isn’t about waiting for the storm to pass. It’s about learning how to dance in the rain.” – Vivian Greene

About Richard Schumacher

Richard Schumacher is the technology manager for the Workforce Solutions Group of St. Louis Community College. He connects, designs, and applies technology to meet business user needs with eLearning, training, web content, instructional design, IT system, and performance improvement solutions. Richard has held various Microsoft Certifications since 1993. Learn more about Richard by following him: LinkedIn - Twitter - Articles - Email

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