Coronavirus Digest: What Businesses Need to Know – March-May 2020

To help businesses stay up to date on COVID-19, SHIFT compiled a Coronavirus news scan from March through the end of May, as well as helpful resources:

May 28, 2020

Another 2.1 million file jobless claims, but total unemployed shrinks, CNBC

Jobless claims continue to plunge and persist, even as states have begun reopening.

Fashion Stockrooms Are Bursting at the Seams, Wall Street Journal

Retailer clothing inventory is growing amid weak online demand.

May 27, 2020

American Airlines to Cut 30% of Management and Administrative Staff, Wall Street Journal

Although the airline says its seeing signs that demand is picking back up, its taking steps to reduce its staff.

May 26, 2020

Thousands disregarded health guidance over the weekend despite rising coronavirus cases in more than a dozen states, CNN

Beaches and outdoor gatherings spiked during Memorial Day Weekend, despite experts continuing to warn that the U.S. has not contained the virus.

Hertz Was Already in Terrible Shape. The Pandemic Finished It Off, Wall Street Journal