![]() ![]() ![]() Employment Churn – Beneath the topline numbers in recent months has been greater-than-usual movement in employment ins and outs.Lee ended them in July.(21) Early but limited research suggests these extra benefits may have a small effect on how quickly people return. (22) (23) However, at least part of that effect was likely to make other life and career choices possible rather than discouraging work entirely. Concerned that these extra benefits might dissuade Tennesseans from returning to work, Gov. The American Rescue Plan extended a scaled-back $300 version just as pandemic restrictions eased, vaccinations increased, and the economy began to fully open. Unemployment Benefits – A federally-funded $600 per-week supplemental unemployment benefit was meant to replace income (and consumer spending) for workers who lost jobs due to COVID-19 closures.COVID Concerns – While restrictions have eased and vaccinations have increased, many workers still have concerns about COVID-19 either for themselves or family members at high risk.Some of the potential causes that have been cited and supported by varying degrees of evidence include: The nation is still in the midst of the economic recovery, so good data and a wealth of rigorous research on the causes underlying the trends above simply aren’t available yet. Although there is not broad consensus, a combination of overlapping factors seems to be driving the tight labor market and static employment. ![]()
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