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Labor Force Continues to Lose Women as 275,000 Leave in January

  • National Women’s Law Center finds that 275,000 women left the U.S. workforce in January by quitting, losing their job, or stopping their search for work
  • Women, in particular women of color, are overrepresented in sectors that have been hard-hit by the COVID-19 pandemic and are more likely to depart due to child care issues
  • A total of 2.3 million women have left the labor force since the pandemic began, and women make up more than half the job losses brought on by the crisis
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Consumer Optimism Improves in Fed Survey; Respondents Anticipate More Spending, Better Job Security

  • Federal Reserve Bank of New York finds more positive economic expectations among survey respondents in January
  • Respondents foresee better job security and financial security in year ahead
  • Optimism tempered by expectations of higher prices and taxes
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Connecticut Expands Vaccine Appointment Hotline Hours; 10,000 Appointments Per Week Available

  • Connecticut hotline for scheduling COVID-19 vaccinations extends to 12 hours a day, seven days a week
  • 10,000 spots are available per week
  • State says the expanded hotline is one factor in preparing for a larger vaccine supply and ongoing progress in its vaccine distribution plan
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Proposed Legislation Would Have Connecticut Comptroller Run Public Health Option for Small Businesses and Nonprofits

  • Democratic lawmakers in Connecticut again pursue public option for health insurance in the state
  • Similar plan in 2019 failed under fierce opposition from the insurance industry and business trade groups
  • Public hearing on current proposal set for Tuesday
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U.S. Adds 49,000 Jobs in January; Losses Continue in Hospitality and Other Sectors

  • Following losses in December, statistics from the Labor Department show a small net jobs gain in January
  • Gains in professional and business services, along with education, offset by losses in hospitality and several other sectors
  • U.S. jobs remain approximately 10 million below pre-pandemic numbers
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Fed Survey Highlights Ongoing Stress to Small Businesses as COVID-19 Persists

  • Majority of small business owners say they have been financially challenged by COVID-19 in new Federal Reserve report
  • Business owners’ personal finances also impacted, with a majority using personal funds to help assist their venture during a downturn in revenues
  • Lending becomes more restricted, with more wariness among both borrowers and lenders
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Webinars Gain New Importance in Marketing and Sales

  • Webinars have been around for a quarter-century, but have gained new importance during the COVID-19 pandemic
  • Entrepreneur contributor suggests that audience size isn’t a major factor in running a successful webinar, but that it’s crucial to make certain points in your presentation
  • Your webinar should serve as an effective selling tool rather than a bland tutorial
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Researchers Scrutinize Whether “Boomerang” Hires Live Up to Perceived Benefits

  • Researchers take a look at employment data to see if rehiring workers results in perceived benefits such as less risk and lower training costs
  • Study determines that performance of “boomerang” employees does not differ significantly from their peers, and that chances of turnover are higher
  • Rehiring former employees can still be a good strategy for employers who were satisfied with their initial performance or seeking short-term gains
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