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
Compensation & Benefits
Leave Management
Employment Law & Compliance
Privacy
Work Life Integration
Gender Identity
Workplance Violence
Workforce Planning
Benefits
Employment Testing
Disability Accomodations
Disaster Preparation & Response
Flexible Spending Account
Networking
HR Software
Salary Surveys
Leadership Development
Dependent Benefits
Employee Data Privacy
Hiring & Firing
Opening
Social Media
Retention
Ethical Practice
Contemporary Issues
Promotion
Hiring
Career Development
Sexualy Harassment
Employee Engagement
Employment Contracts
Age
Time Worked
Pay Equity
Workplace Stories
Business Continuity
Ethnicity
Workplace Wellness
Labor Relations
Firing
Inclusion, Equity & Diversity
Family & Medical Leave
People Management
Job Applications &
Disability Benefits
Intellectual Property
Payroll
Records & Reports
Policies & Practices
Business Acumen
Tags
Article
Here Is How to Answer These 5 Tricky HR Questions
During an interview, you’re not only asked questions according to your credibility and qualificatio ...
Tips for Staffing Agencies to Create a Competitive Advantage
Today, it is a $174 Billion industry and one of the leading B2B businesses in the US. Whenever HR p ...
Gig Economy and Its Impact on Staffing Firms
With over 20.5 million US workers losing their jobs in April 2020 during the national lockdown, man ...
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
Comments