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Economy

Hyatt Laying Off 1,300 Employees

Hyatt Hotels, which has locations in Johnson County, Kan., and by KCI airport, is laying off 1,300 workers company wide, due to a steep drop in travel caused by COVID-19. During its first quarter, Hyatt lost $103 million due to… more

Airlines Forecast Major Layoffs

With $2 billion of losses estimated daily, the airline industry is facing the sobering reality of major layoffs throughout various positions. Even though the federal bailout of $25 billion does not allow airline companies to lay off workers, that money… more

‘Real’ Unemployment Higher Than Official Rate

Last week the unemployment rate hit 14.7 percent after payrolls fell by 20.5 million, according to the U.S. Department of Labor but that was only part of the story. Prior to the 33.5 million unemployed since the beginning of the… more

KCMO Starts Reopening Plan May 15

Kansas City, Mo., will start what Mayor Quinton Lucas is calling "responsible reopening" on May 15. "As we continue working to increase our testing capacity and contact tracing capabilities, I implore all who can to continue working from home and… more

J. C. Penney Close to Bankruptcy Filing

J. C. Penney, which operates seven stores and a distribution center in the Kansas City area, could file bankruptcy this week and close about a quarter of its 850 stores. A report by Reuters said that company, which has closed… more

Delta Suspending Service to 10 Airports

Delta Air Lines, one of the largest carriers at Kansas City International Airport, is suspending service to 10 airports across the country until Sept. 30, due to COVID-19. The locations include Chicago Midway International Airport, Oakland International Airport, Hollywood Burbank… more

COVID-19 Presenting New Challenges

Nearly two months into the COVID-19 outbreak in America, with 74,000 deaths recorded by the Centers for Disease Control, the Kansas City region is at an inflection point on multiple levels: With the finances of its health-care delivery system. With… more

KS Ranked a ‘Best Place to Make a Living’

The State of Kansas was ranked seventh in the nation in a study titled the "Best States to Make a Living 2020." MoneyRates has had Kansas in its top 10 for the third time in a decade, due to the… more

Unemployment Rate Hits 14.7 Percent

The unemployment rate hit 14.7 percent in April after non-farm payroll fell by 20.5 million throughout the month, reported the U.S. Department of Labor Statistics. Unemployment rose by 10.3 percent, following several months of record-breaking strong employment numbers. The 20.5… more

KCMO’s Reopening Plans Might be Delayed

Kansas City's reopening plan for restaurants and others businesses might be delayed due to a COVID-19 outbreak at the Triumph Foods plant in St. Jospeh, which employees several KC residents, as well as another one at the McCrite Plaza at… more