https://youtu.be/kYd2ojW_vqE A national tech company was forced to furlough a little over half of their current Missoula office employees partially due to the COVID-19 outbreak. ClassPass is a subscription-based company that allows users to take fitness classes from local gyms and studios. The company said that their revenue had decreased more than 95% due to the virus and … [Read more...] about Tech company ClassPass furloughs more than have of Missoula employees
Business
Montana University System cancels graduation events; UM seeks other ideas
By Missoula CurrentApril 3, 2020
The Montana University System on Friday canceled all in-person commencement ceremonies this spring, making official a move that was expected as the COVID-19 pandemic plays on. Montana is expected to see the virus peak in late April, though it will take months for it to wind down, with potential deaths not peaking until August. Graduation was set for May 9. “We as a … [Read more...] about Montana University System cancels graduation events; UM seeks other ideas
Stimulus money for small businesses could go to big ones – so do your homework
By Missoula CurrentApril 3, 2020
A $349 billion loan program mean to help small businesses through the coronavirus crisis has left critics saying that many Main Street businesses might get squeezed out by larger corporations loaded with legal and financial experts. The Montana Chamber of Commerce and state bankers are urging the state's small businesses to do their homework and take advantage of the loan … [Read more...] about Stimulus money for small businesses could go to big ones – so do your homework
Economy lost 701K jobs in March, ending record streak
By Kevin Lessmiller (Courthouse News)April 3, 2020
(CN) – Ending a record decade-long streak of employment growth, the U.S. economy lost 701,000 jobs in March as the coronavirus pandemic triggered a nationwide shutdown. Last month marked the first time since September 2010 that the economy lost more jobs than it gained. The unemployment rate moved up from a 50-year low of 3.5% to 4.4%, according to a Labor … [Read more...] about Economy lost 701K jobs in March, ending record streak
Filings for jobless benefits in Montana top 23K in past seven days
By Mike Dennison (MTN News)April 3, 2020
(KPAX) New filings for unemployment benefits in Montana skyrocketed to 23,665 people in the last seven days — and that came on top of almost 17,000 from the week before. The trajectory of Montanans filing for unemployment has followed the national trend, which has seen 10 million people file in the past two weeks, ending last Saturday. The dramatic increase has come in … [Read more...] about Filings for jobless benefits in Montana top 23K in past seven days