AmEx Fears Second Joblessness Wave After No-Layoff Vows Expire
American Express Co. chip credit cards are arranged for a photograph in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

AmEx Fears Second Joblessness Wave After No-Layoff Vows Expire

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(Bloomberg) -- American Express Co. fears the U.S. could see another increase in unemployment next year as large companies’ vows to avoid job cuts in 2020 begin to expire.