U.S. December Unemployment Rate Unchanged at 6.7%

Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent. The decline in payroll employment reflects the recent increase in coronavirus (COVID-19) cases and efforts to contain the pandemic.

Can Hotels Claim Business Interruption Insurance Due to a Pandemic?

Business interruption insurance is not a new thing, but framed within the context of the pandemic, it is now taking on new meaning. Before the world was turned upside down, this type of coverage replaced income lost in what could be considered a traditional natural disaster: a flood, hurricane, fire, earthquake or tornado, to name some – events that cause physical property damage.

Airlines Were on Time in 2020, but Passenger Flights Operated Halved Compared to 2019

Over 180 of 300 airlines around the world achieved a 90% or higher on-time arrival since February 2020. – Atlanta was the busiest airport globally based on flights operated in 2020, taking the top spot from Chicago O’Hare; Three Chinese airports vaulted into the top 10 global airports by flights operated. – 76% of Chinese passenger flights operated despite the pandemic. The US (58%), India (50%) and UK (33%) saw major reductions in flight volume. – Southwest Airlines operated the most flights in 2020; China Southern Airlines, China Eastern Airlines and Air China climbed in the top 10 airlines.