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
Risk Management
Termination
Workforce Planning
Communication
Communicable Diseases
Employee Data Privacy
Leave Management
Hiring & Firing
Downsizing
Disability Benefits
Educational Assistance
Mental Health Benefits
Religion & Spirituality
Paid Leave
Disaster Preparation & Response
Succession Planning
Drug & Alcohol Testing
Substance Abuse
Environmental Health Hazards
Promotion
Career Development
Time Worked
Intellectual Property
Discrimination
Vendors & Software
Investigations
Workplace Culture
Emergency Response
Relationship Management
Executive Compensation
Retention
Ethnicity
Organizational Structure
Business Continuity
Performance Management
Family & Medical Leave
Onboarding
Age
Closing
Eligibility Verification (I-9)
Firing
Electronic Records Management
Change Management
Consultation
Open Enrollment
Work Life Integration
Fiduciary Duty
Privacy
Sexual Orientation
Employment Law & Compliance
Tags
Article
Avoid These 5 (Obvious) Mistakes in Your Job Application
Today’s market is a competitive one – especially after the COVID-19 pandemic. Unlike 2019, when the ...
Let's Talk about the Hustle Economy
With the COVID-19 outbreak, it has increased manifold, owing to the rise in remote working. It’s be ...
With Manufacturing Jobs Returning to America, What Does It Mean for Manufacturing Job Seekers?
Reshoring is on its way for the US, due to the ongoing COVID-19 crisis, especially for the tech man ...
10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis
Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...
Comments