Early withdrawal from unemployment benefits to impact job market
Unemployment benefits were being provided by the state to people who lost their jobs during the pandemic. However, some leaders believe that continuing to provide
unemployment benefits has led to labour shortage. People are reluctant to go back to full-time employment. This resulted in some states withdrawing from the unemployment benefits program earlier than speculated. The states that withdrew early pushed their people into employment.
A study conducted by researchers at Columbia, Harvard, University of Massachusetts Amherst, and the University of Toronto found that states that ended federal benefits early
noticed an increase in job gains by the unemployed, the employment rate jumped by 4.4 percent as opposed to the states that kept the benefits.
Source: CNBC
Category
Data Security
Benefits Reporting & Disclosure
Cybersecurity
Sexualy Harassment
HR Careers
Discrimination
Open Enrollment
Disability Accomodations
Ethical Practice
Health Savings Accounts
Risk Management
Investigations
Employee Engagement
Policies & Practices
Compensation & Benefits
Leadership &
Disaster Preparation & Response
Recruiting
Closing
Executive Compensation
Social Media
Job Descriptions
Workers' Compensation
Unemployment Benefits
Sexual Orientation
Retirement & Recognitions
Bonuses & Incentives
Hiring & Firing
Employee Data Privacy
Retention
Retirement Benefits
Employment Branding
Opening & Closing
Communicable Diseases
Downsizing
Inclusion, Equity &
Records & Reports
Retaliation
Severance Pay
Workplace Harassment
Employee Relations
Artificial Intelligence
Promotion
Flexible Spending Account
Benefits Compliance
Employee Conduct
Technology
Religion & Spirituality
Mentoring & Coaching
Mental Health Benefits
Tags
Article
Return to Office: Tips to cope with Change
The past two years have been a roller coaster ride, we’ve all acclimatized ourselves with the work ...
The Future of Gig Employment
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
What Why and How of Background Checks A Useful Guide for Staffing Agencies
Background checks are one of the pre-employment requisites to prevent bad hires. About 96% of emplo ...
Comments