Tag: economy of scale
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Unemployment Claims Rise Again
While there have been multiple signs that the labor market is weakening, the number of Americans who filed for unemployment benefits has increased again. Over 260,000 workers filed for new unemployment benefits throughout the last week of July.
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Uninsured Rates Reach An All-Time Low
President Joe Biden announced that the uninsured rate reached 8%, the lowest rate in U.S. history. Over 5.2 million individuals have gained health coverage since 2020.
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Handling Monkeypox Concerns In The Workplace
In late July, the World Health Organization (WHO) declared monkeypox a “public health emergency of international concern.” While employers are still dealing with the effects of COVID-19 within the workplace, the global spread of monkeypox, the rise of related health advisories, and the extensive media coverage about the virus leave employers concerned.
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Despite Recession Concerns, Employers Increase Pay Budgets
Since U.S. businesses are still having a difficult time filling open positions with quality talent, employers anticipate pay to go up in 2023. According to the Bureau of Labor Statistics (BLS), there were more than 11 million job openings at the end of May 2022.
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Legal Challenges To Consider When Implementing Hybrid Work Schedules
Legal issues must be considered when determining a hybrid work model. A hybrid work model combines working in the office with working remotely. A survey discovered that 68% of U.S. employees prefer a permanent hybrid work model after the pandemic ends.
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Small Business Association Urged To Process EIDL Loan Applications
The U.S. Small Business Association (SBA) declared that six states would become eligible for the Economic Injury Disaster Loan (EIDL). The loan is available to those who reside in South Dakota, Texas, Nevada, Nebraska, Kansas, and Idaho.