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January 19, 2022

Labor economy

Leaving a steady job to freelance or start your own business requires proper planning

CNBC
CNBC – For more and to sign up click here Millions of Americans are taking a step back and rethinking their work lives amid the “Great Resignation” and ongoing coronavirus pandemic. A record 4.5 million people quit their jobs In November, according to data from the U.S. Department of Labor,......

Fourth stimulus checks not expected as federal government grapples with omicron surge

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CNBC – For more and to sign up click here New Yorkers queued for Covid-19 testing in Times Square on Dec. 26, 2021, as the omicron variant continued to spread. Andrew Kelly | Reuters  Omicron is wreaking more disruption on the American economy. That could prompt Washington lawmakers to revisit......

Some Americans may receive more stimulus money this tax season

CNBC
CNBC – For more and to sign up click here Supporters demonstrate in favor of Build Back Better on the Senate Steps of the U.S. Capitol on Dec. 15, 2021. Leigh Vogel | Getty Images As the Build Back Better bill and the new government aid it promised stalls on......

Many Americans feel less financial stress thanks to pandemic-era government programs. Yet there are still signs of strain

CNBC Real Estate
While household debt reached a record $17 trillion in the second quarter of 2021, many American households have felt less financial stress this year thanks to Covid-19-related government policies. That’s according to the federal Financial Stability Oversight Council, which released its annual report for 2021 on Friday. The council was......

Savings gap widened during Covid-19 pandemic. Here’s who was impacted the most

CNBC
CNBC – For more and to sign up click here ljubaphoto | E+ | Getty Images The Covid-19 pandemic exacerbated many differences between haves and have-nots in the U.S. Now, a new survey shows that it also made the savings gap more pronounced between those groups. Of those with incomes......

Almost half of U.S. families with young children face high risk of poverty due to insecure employment, research shows

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CNBC – For more and to sign up click here FatCamera | E+ | Getty Images Almost half of U.S. families with young children have faced a high risk of falling into poverty in the first six years of their children’s lives, according to new academic research. What put those......

9 money moves to make before becoming your own boss

CNBC
CNBC – For more and to sign up click here MoMo Productions | Stone | Getty Images Amid the “Great Resignation” and ongoing pandemic, millions of Americans are quitting their jobs to become their own bosses. In October, there were about 9.44 million unincorporated self-employed individuals in the U.S., according......

49% of consumers plan to shop Small Business Saturday. These tips can help

CNBC
CNBC – For more and to sign up click here A sign reading “Shop Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Getty Images While Black Friday may be the biggest shopping day of the Thanksgiving weekend, about half......

Food banks see ‘perfect storm’ of high demand, inflation and supply chain shortages heading into Thanksgiving holiday

CNBC
CNBC – For more and to sign up click here Second Harvest Heartland workers distribute food in a recent truck to trunk event. As Covid-19 cases in Minneapolis surge, so has the demand for food, said CEO Allison O’Toole. Courtesy: Second Harvest Heartland The onset of the Covid-19 pandemic last......

Fewer than 1 in 5 female employees had access to emergency paid leave during the pandemic

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CNBC – For more and to sign up click here Fewer than 1 in 5 women — 15% — worked for employers that provided emergency paid leave during the Covid-19 pandemic, according to research from Transamerica Center for Retirement Studies. In contrast, 22% of male workers had access to this......

What kind of worker has two years of pandemic made you? There are three types

CNBC
CNBC – For more and to sign up click here A record number of Americans are quitting their jobs, and the hot labor market shows no signs of cooling. With so much churn in the labor force, workers at every job level and across industries have an unprecedented chance to......

The ‘Great Resignation’ could be an opportunity for a career reboot. These expert tips can help

CNBC
CNBC – For more and to sign up click here MoMo Productions | Getty Images When the Covid-19 pandemic first erupted last year, Janel Abrahami quit a job she had been in for less than a year — without anything else lined up. To many, such a move may sound......

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

CNBC
CNBC – For more and to sign up click here At Inspire Brands’ Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time.......

Lack of workers is further fueling supply chain woes

CNBC
CNBC – For more and to sign up click here A record number of cargo container ships wait to unload due to the jammed ports of Los Angeles and Long Beach near Long Beach, California, U.S., September 22, 2021. Mike Blake | Reuters These days, everything from the seemingly random......

42% of Americans have racked up more credit card debt since Covid-19 began. These tips can help get that under control

CNBC
CNBC – For more and to sign up click here Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now, one survey shows just where many of them are feeling the pinch — their credit card balances. Bankrate.com finds that 42% of U.S. adults with credit card debt......

The ultimate side hustle guide for 2021

CNBC
CNBC – For more and to sign up click here The Covid-19 pandemic has put millions of Americans out of work and many small retailers and restaurants out of business. At the same time, it has been a hotbed of innovation and new business creation. U.S. business formations rose by......

The Delta variant is causing many Americans to lose income. Here’s what to do if you’re one of them

CNBC
CNBC – For more and to sign up click here Food is served at an outdoor restaurant in New York, August 3, 2021. Caitlin Ochs | Reuters As the Delta variant has wound its way through the U.S., signs show it is also hitting the wallets of some Americans. A......

AOC to introduce bill to extend pandemic unemployment insurance to 2022

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CNBC – For more and to sign up click here Rep. Alexandria Ocasio-Cortez, D-N.Y., is calling for pandemic-era unemployment insurance programs to be extended until February 2022, she announced during a virtual townhall Tuesday. The congresswoman said she will introduce a bill to extend federal unemployment programs established under the......

Concrete and cement industries brace for demand boom from $1 trillion infrastructure plan

CNBC
CNBC – For more and to sign up click here Concrete is the foundation of just about everything. It’s used to construct buildings, highways, bridges, roads and more. During the Covid-19 pandemic, concrete fell victim to the same phenomena impacting other essential materials and goods: snarled supply chains and labor......

Employers offer perks, from college tuition to retirement benefits, to attract workers

CNBC
CNBC – For more and to sign up click here Customers at the bar in Philadelphia restaurant Martha, which requires customer proof of vaccination, on Aug. 7, 2021. Hannah Beier | Reuters Business are getting creative in their efforts to attract and retain workers amid a labor shortage caused by......

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