SACRAMENTO
Gov. Gavin Newsom on Thursday proposed adding $1.5 billion to a program providing grants of up to $25,000 to small businesses harmed by the COVID-19 pandemic in California, allowing thousands more to get financial help.
The additional funds from federal COVID-19 aid to the state would bring the amount allocated in recent months for grants to $4 billion, which Newsom told business leaders would make it the largest state program of its kind in the country.
“Small businesses intimately understand the pain and stress of the last year directly understand it and the struggle now to reopen with all of the dust settling around us,” Newsom said during a virtual address to a meeting of the California Chamber of Commerce.
Texas Association of Business asks Gov. Abbott to stop accepting, distributing weekly $300 in federal aid Employers believe that supplemental UI benefit payments from Washington is disincentivizing work and resulting in many good Texas jobs going unfilled. Author: Reagan Roy Updated: 12:02 PM CDT May 13, 2021
TYLER, Texas The Texas Association of Business, along with 37 business associations and chambers of commerce, sent a letter to Gov. Greg Abbott and the Chairman of the Texas Workforce Commission, Bryan Daniel, asking them to consider ending Texas’s participation in the supplemental federal UI payment which stacks on top of standard unemployment insurance.
Employers are citing the $300 additional weekly federal stimulus payment as the biggest barrier to fill their job openings and some states have already announced they are ending participation in this program.
May 13, 2021
Policymakers at the state and federal level have a conundrum on their hands. While trillions of dollars are being handed out to boost our economy’s recovery from the COVID-19 pandemic, some are beginning to wonder if all that stimulus hasn’t reached the point of doing more harm than good to the job market, anyway.
U.S. employers posted a record number of available jobs in March. Job gains are weak not because there is not potential, but because employers can’t find people to fill the jobs they already have. Job openings rose nearly 8 percent, to 8.1 million in March, the most found in records dating back to December 2000. Yet overall hiring that month rose less than 4 percent to 6 million.
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3 hours ago in National
A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic) Photo: Associated Press
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) â U.S. employers posted a record number of available jobs in March, illustrating starkly the desperation of businesses trying to find new workers as the country emerges from the pandemic and the economy expands.