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
Substance Abuse
Salary Surveys
Employment Branding
Employee Surveys
Executive Compensation
Inclusion, Equity &
Fiduciary Duty
Retirement & Recognitions
Workplace Security
Risk Management
Payroll
Disability Accomodations
Teamwork
Discrimination
Workers' Compensation
Termination
Sexual Orientation
Mentoring & Coaching
Campus Placement
Communication
Remote & Hybrid Work
Educational Assistance
Religion & Spirituality
Cybersecurity
Downsizing
Benefits
Workplace Stories
Pay Equity
Communicable Diseases
Recruiting
Workplace Wellness
Employee Handbooks
Family & Medical Leave
Environmental Health Hazards
Employment Offers
Contemporary Issues
Social Media
Privacy
Succession Planning
Work Life Integration
Organizational &
Electronic Records Management
Opening
HR Careers
Flexible Spending Account
Job Descriptions
Retirement Benefits
Talent Acquisition
Leadership &
Firing
Tags
Article
A Quick Look at The Great Resignation
The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...
Tips To Help You Create A Robust Hiring Strategy For 2021
While employment is steadily rising in all sectors, the fear of COVID-19 still reigns supreme. As t ...
A complete breakdown of the US Commercial Drivers Licenses
In the United States of America to operate any type of large automobile, you need a license. This i ...
How you can pay off student debt while you work
Student loan debt is a crisis that has been making its way through The United States for quite some ...
Comments