Kristin Schwab, Fever, San Francisco discussed on Marketplace

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Thank you at the top of the in a way you lose your job you don't care what the word play is right maybe it's a furlough maybe it's a layoff maybe it's whatever but what your employer calls it matters both for your personal economy and for the economy at large market place's Kristin Schwab as they'll take fever was working from home on Friday when he got the call it was pretty jarring it's not like they had an office to call me in to give me the bad news and after the phone call I just kind of stuck there like did that really just happen his law firm in San Francisco put him on furlough we'll have a salary and health insurance till the end of March then who knows the furlough doesn't have an end date it just feels like if they don't really know what's going on they don't really know how the future is going to be and they're passing that uncertainty on a furlough is usually better than a layoff because it's temporary and often planned for instance some construction workers are put on furlough during winter Jesse Rothstein directs the institute for research on labor and employment at UC Berkeley he says right now furlough layoff it's all kind of murky I think for most small and medium sized businesses they kind of are the same thing right now because I don't think any business can be confident it's going to come back in the same form they're still pluses to being furloughed as opposed to being laid off you don't have to show the state you're looking for work to collect unemployment benefits because technically you still have a job and Heidi sure holds at the economic policy institute says furloughs are good for employers to they would have to spend so much time and money replacing workers later on when the threat of the corona viruses over we can just get the economy back on line really quickly and she says there's a bigger takeaway here furloughs mean businesses are still somewhat optimistic about the economy if we see the needle swing toward layoffs it means that business confidence is falling but what about worker confidence I'm treating it as a as a way off I mean I've I've been telling people in my in my life that it's a layoff Jake fever the lawyer in San Francisco is job hunting and if you still quote unquote furloughed in.

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