NHL free agency: Complete list of signings, best players availableThe 22-year-old winger was a force for the Leafs last season, leading the way with 94 points (26 goals, 68 assists). He’s been a consistent 60-plus point player over his three seasons in the NHL, and thanks to his speed, hockey IQ and creative style, he’s likely to continue to improve as he gets older. Given his performance, he’s expected to get a pay raise to anywhere upwards of $8 million per year. Many teams have spoken w Marner’s agent about a possible offer sheet, and, yes, CBJ are among them. But I see no indication Marner wants to leave TML. Also, #CBJ convinced Leafs would/could match any offer sheet, perhaps by trading Nylander.See where the summer goes. https://t.co/gcn092r1dm— Aaron Portzline (@Aportzline) July 12, 2019Columbus hasn’t had the strongest offseason, seeing the departure of not only star goalie Sergei Bobrovsky, but mainly losing a lot of forward depth; star winger Artemi Panarin left for the New York Rangers to kick off free agency, and midseason acquisitions Matt Duchene and Ryan Dzingel also found new destinations. While the Blue Jackets added Gustav Nyquist and still have Cam Atkinson and Pierre-Luc Dubois carrying the offense, they still have the need for more depth on the top-6. That’s where Marner could potentially come into play. As restricted free agent Mitch Marner continues contract talks with the Toronto Maple Leafs, several teams are waiting in the shadows and considering presenting him with an offer sheet. And according to The Athletic’s Aaron Portzline, the Columbus Blue Jackets are one of those clubs. Columbus does have the cap space to make an offer with about $15.75 million to work with. Toronto, on the other hand, is in a salary cap crunch and has just about $3.77 million in space after having addressed other offseason needs thus far. Marner is the Leafs’ only remaining RFA (and he’s not arbitration-eligible).Given the situation, it does seem that some teams can easily make an offer out of Toronto’s ballpark, which could force general manager Kyle Dubas’s hand. He warned that Toronto won’t automatically just match any offer sheet, however, given Marner’s importance to the team and his presence on the top line, losing him wouldn’t help — especially after the departure of Nazem Kadri and Connor Brown.The Blue Jackets wouldn’t necessarily see Marner join their young core and fill the void on offense left by their star forwards, but it could put things in motion and also give them a chance at acquiring a big name via free agency, something they need if they want to return to the playoffs and make a bid for a longer run this time around.
WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.The losses reflect what has become a severe recession caused by sudden business shutdowns in nearly every industry. Nearly all the job growth achieved during the 11-year recovery from the Great Recession has now been lost in one month.The collapse of the job market has occurred with stunning speed. As recently as February, the unemployment rate was a five-decade low of 3.5%, and employers had added jobs for a record 113 months. In March, the unemployment rate was just 4.4%The government’s report Friday noted that many people who lost jobs in April but didn’t look for another one weren’t even counted in the unemployment rate. The impact of those losses was reflected in the drop in the proportion of working-age Americans who have jobs: Just 51.3%, the lowest on record.In addition to the millions of newly unemployed, 5.1 million others had their hours reduced in April. That trend, too, means less income and less spending, perpetuating the economic downturn. A measure of what’s called underemployment — which counts the unemployed plus full-time workers who were reduced to part-time work — reached 22.8%, a record high.Though some businesses are beginning to reopen in certain states, factories, hotels, restaurants, resorts, sporting venues, movie theaters and many small businesses are still largely shuttered. As companies have laid off tens of millions, lives have been upended across the country.One of the newly unemployed, Sara Barnard, 24, of St. Louis, has lost three jobs: A floor manager at a pub and restaurant, a bartender at a small downtown tavern and the occasional stand-up comedian. Her main job was at McGurk’s, an Irish pub and restaurant near downtown that closed days before St. Patrick’s Day. She had worked there continually since high school.McGurk’s tried selling food curbside, Barnard said, but it was costing more to keep the place open than the money that was coming in. Around that time, the bar where she worked closed, and comedy jobs ended when social distancing requirements forced clubs to close.McGurk’s is a St. Louis landmark, and Barnard expects it to rebound quickly once it reopens. She just doesn’t know when.Job losses and pay cuts are ranging across the world. Unemployment in the 19-country eurozone is expected to surpass 10% in coming months as more people are laid off. That figure is expected to remain lower than the U.S. unemployment rate. But it doesn’t count many people who either are furloughed or whose hours are cut but who receive most of their wages from government assistance.In France, about half the private-sector workforce is on a government paid-leave program whereby they receive up to 84% of their net salary. In Germany, 3 million workers are supported in a similar system, with the government paying up to 60% of their net pay.In the five weeks covered by the U.S. jobs report for April, 26.5 million people applied for unemployment benefits.The job loss reported Friday was a smaller figure because the two are measured differently: The government calculates job losses by surveying businesses and households. It’s a net figure that also counts the hiring that some companies, like Amazon and many grocery stores, have done. By contrast, total jobless claims are a measure of just the layoff side of the equation.For the United States, a key question is where the job market goes from here. Applications for unemployment aid, while high, have declined for five straight weeks, a sign that the worst of the layoffs has passed. Still, few economists expect a rapid turnaround.The Congressional Budget Office has forecast that the unemployment rate will still be 9.5% by the end of next year. A paper by economists at the San Francisco Federal Reserve estimates that under an optimistic scenario that assumes shutdowns are lifted quickly, the unemployment rate could fall back to about 4% by mid-2021.But if shutdowns recur and hiring revives more slowly, the jobless rate could remain in double-digits until the end of 2021, the San Francisco Fed economists predict.Raj Chetty, a Harvard economist, is tracking real-time data on the economy, including consumer spending, small business hiring and job postings. Chetty noted the economy’s health will hinge on when the viral outbreak has subsided enough that most Americans will feel comfortable returning to restaurants, bars, movie theaters and shops.The data suggests that many small businesses are holding on in hopes that spending and the economy will rebound soon, he said. Small business payrolls have fallen sharply but have leveled off in recent weeks. And job postings haven’t dropped nearly as much as total jobs have. But it’s unclear how much longer those trends will persist.“There’s only so long you can hold out,” Chetty said.