Day: September 12, 2020

U.S. job growth loses speed as fiscal stimulus ebbs

WASHINGTON (Reuters) – U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy’s recovery from the deep COVID-19 recession.

Nearly a fifth of the job gains reported by the Labor Department on Friday were from the government’s temporary hiring for the 2020 Census. While the unemployment rate fell below 10%, it was biased down by a continuing misclassification problem.

The slowdown pressures the White House and Congress to restart stalled negotiations for another fiscal package and is likely to become political ammunition for both Democrats and Republicans with just two months to go until the presidential election.

“The labor market has entered a frustratingly slower second phase of the recovery,” said Lydia Boussour, a senior U.S. economist at Oxford Economics in New York. “With one in two laid-off workers still unemployed and

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Toast Selects AP Intego to Deliver An Integrated Insurance Buying Experience To Its Community of Restaurateurs

The companies are working together to provide restaurants with best-fit business insurance and award-winning customer service

WALTHAM, Mass. and BOSTON, Sept. 09, 2020 (GLOBE NEWSWIRE) — AP Intego, a small business digital insurance agency and one of the nation’s fastest-growing insurtech companies, and Toast, a leading restaurant management platform, today announced a partnership to deliver business insurance to Toast’s tens of thousands of customers. The partnership enables Toast to add a full line of property and casualty insurance offerings to its purpose-built restaurant management solutions, while AP Intego deepens its engagement with the small business restaurant sector through Toast’s celebrated cloud-based platform. AP Intego and Toast have completed their integration and have been conducting business since March of this year.

Toast takes a restaurant-first approach to every aspect of its business, with a primary goal of creating an experience that best serves its customers. Because of this laser-focus on the

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