What’s the difference between being laid off and being furloughed?

Marketplace : What’s the difference between being laid off and being furloughed? Image
Marketplace : What’s the difference between being laid off and being furloughed? Image

What’s the difference between being laid off and being furloughed?

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When you’re losing work because of COVID-19, it might not feel like there’s much difference between getting laid off and furloughed. But it’s an important distinction. We’ll talk about it, plus the unemployment claim numbers coming this week, how the repo market works and the nationwide mask shortage.