Weekly Digest 5/8/20
Happy Friday, May 8th!
Hope you all had a great Week 5. Please find below our SWS-curated round-up of interesting articles, resources, information, and opportunities related to real world finance that may be useful to you!
The latest US Jobs Report came out today and the damage to the economy is the worst since the Great Depression; women fared the worst, a reversal from past recessions.
Check out this Wall Street Journal article for a comprehensive look at the U.S. labor market. April unemployment data and the decline in payrolls are expected to show U.S. employers in one month cut all the jobs they added in the past decade.
This McKinsey & Company briefing suggests that the current economic shocks are accelerating the demise of brick-and-mortar retail – some apparel, fashion, and luxury companies won’t survive the crisis; others will emerge better positioned for the future. Much will depend on their digital and analytics capabilities.
This piece published by the Harvard Business Review explores “shock geometry” – the concept of a recession is binary and blunt; the bigger question revolves around the shape of the shock and its structural legacy.
Data shows there was a drop in spending and working even before any official mandates to stay at home. This New York Times article analyzes change in economic measures before, during and after state closures.
Another article by McKinsey & Company looks down the line and argues that to emerge stronger from the COVID-19 crisis, companies should start reskilling their workforces now.
Enjoy the weekend!
Cheers,
The SWS Exec Team