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Connecticut Department of Labor Issues Reminder of End of State, Federal Programs for Supplemental Jobless Aid

  • Connecticut Department of Labor issues reminder to unemployment filers that federal supplemental benefits are set to expire at the end of the week
  • A controversial $300-a-week supplement is among the programs expected to be terminated in Connecticut
  • While Connecticut’s unemployment rate remains elevated above the national rate, no plans have been announced to extend unemployment supplements with other federal funds
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Business News Roundup, Aug. 30, 2021

The Fed plans to start tapering bond purchases this year, a short-term gas price hike but few long-term disruptions are expected due to Hurricane Ida, manufacturers stockpile partially completed goods amid supply shortages, and another Connecticut county entering a high…

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Federal Reserve Issues Guidance on Community Bank Relationships with Fintech

  • Federal Reserve issues a guide for how community banks can evaluate potential partnerships with fintech companies
  • Banks have been forming relationships with fintech as a way of improving their services and reducing costs
  • Fed recommends evaluations of business qualifications, financial condition, information security, and more
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COVID-19 Helps Searches for Remote Work Opportunities Skyrocket

  • Glassdoor analysis finds 460 percent jump in searches for remote work between June 2019 and June 2021
  • Only 3 percent of job searches specifically look for remote work, but this may underrepresent interest in the option
  • Information technology, business services, and health care lead remote work applications
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How Leaders Can Help Their Employees by Showing Vulnerability

  • Study looks at how leaders handle negative emotions in interactions with team members
  • Openness about fears and anxiety associated with greater performance and resilience among workers
  • Benefits to this approach include greater empathy and openness
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Nearly Half of Americans Cutting Back on Purchases Due to Inflation, Survey Finds

  • Bankrate survey finds that nearly half of Americans are reducing or delaying their purchases in response to inflation
  • About two-thirds of respondents said inflation has negatively affected their personal situation
  • Respondents were most likely to notice higher prices in groceries, gas, and dining out
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Business News Roundup, Aug. 27, 2021

A major Federal Reserve speech, ongoing inflation, a slowdown in consumer spending increases, higher GDP growth, and a new high-risk COVID-19 county in Connecticut are among the top business news items this morning. National Federal Reserve Chairman Jerome Powell will…

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How Connecticut Companies Can Join the CampusCT Program to Help Retain Graduates

  • CampusCT initiative combines a mobile app and live events to make recent graduates aware of job and internship opportunities in Connecticut
  • Participating companies can share information on their business, diversity and inclusion efforts, and more
  • Connecticut has launched several efforts to attract and retain young professionals
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SBA Temporarily Halts Geographic Requirement for 8(a) Business Development Program

  • U.S. Small Business Administration announces temporary moratorium on geographic requirement for its 8(a) Business Development Program
  • Moratorium in effect for contracts issued from Aug. 25 of this year until Sept. 30, 2022
  • Change is in response to the ongoing COVID-19 pandemic
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With Delta Variant Creating New Woes for Eateries, Connecticut Restaurant Association Joins Call for More Aid

  • Nationwide effort by restaurant groups calls for renewed funding for the Restaurant Revitalization Fund
  • Restaurant advocates say the industry continues to face major financial challenges as the Delta variant reduces consumer demand and eateries cope with higher food and labor costs
  • While 1,303 Connecticut restaurants received funds through the program, 2,066 applicants did not
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