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OP-ED: Ending Supplemental Unemployment Will Help Businesses, But Won’t Be a Magic Bullet

  • Several states have opted to halt supplemental unemployment benefits ahead of their Sept. 6 expiration in an effort to address a labor shortage
  • While this move can help employers with filling job openings, it won’t be a catch-all solution as different factors are playing a role in keeping people out of the workforce or causing them to seek new opportunities
  • InnovatorsLINK encourages Governor Ned Lamont to consider ending supplemental unemployment while also providing the necessary assistance to train and retrain Connecticut’s workforce
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American Workers Among Most Stressed During COVID-19 Pandemic, Gallup Finds

  • Workers in the United States and Canada had the highest levels of daily stress during the COVID-19 pandemic, according to Gallup
  • At the same time, worker engagement improved as employers sought to improve communication and make other accommodations for their employees
  • Tips for how employers can continue to create a supportive environment
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Research Suggests That Cheaper Renewables Costs Can Support an 80 Percent Clean Energy Grid by 2030

  • Nonpartisan climate policy think tank calls for White House and Congress to set a clean electricity standard with a target of having 80 percent of electricity in the United States come from clean energy sources by 2030
  • The organization’s research suggests that the falling cost of renewables make this goal feasible without compromising grid dependability or raising electricity costs
  • Other projected benefits include job creation and savings in health and environmental costs
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Bipartisan Measure Introduced in Congress to Provide Support to Women Entrepreneurs

  • Group of senators from the U.S. Senate Committee on Small Business & Entrepreneurship reintroduce legislation to reauthorize the Interagency Committee on Women’s Business Enterprise
  • Committee has been inactive since 2000, with no chairperson to lead it
  • Bill would amend Title IV of the Women’s Business Ownership Act to ensure that a chairperson is appointed to operate the committee
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Business News Roundup, June 16, 2021

The Fed holds a policy meeting, Democrats plan to push forward on the White House's infrastructure and family bills, CDFIs get a funding boost, a disruption in Connecticut's debate on recreational legalization, and a wage standard for the Connecticut solar…

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Association for Self-Employed Workers Voices Concern on Antitrust Measures Against Tech Companies

  • National Association for the Self-Employed issues statement of concern over proposed antitrust measures targeting tech giants
  • Bills introduced in Congress on Friday seek to rein in power of major companies
  • NASE says the legislation could inadvertently harm small companies who use the digital services to open their businesses and conduct activities
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Report: Average Small Business Hit by Cyberattack Suffers More Than $25,000 in Losses

  • Report determines that average small business that suffered a recent cyberattack incurred $25,612 in costs
  • Nearly one in four small businesses were victims of a cyberattack in the past 12 months
  • IT professionals fear that remote work has made their company more vulnerable to such breaches
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Fed Survey Shows Consumers Expecting Higher Inflation Over Next Year

  • Inflation expectations for the year ahead hit a record high of 4 percent in recent Fed survey
  • Fed officials believe inflation will be temporary as the United States recovers from the COVID-19 pandemic
  • Respondents were more optimistic about labor market conditions
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Yelp Data Shows Surge in Restaurant Traffic as Pandemic Restrictions Ease

  • The lifting of COVID-19 restrictions in the spring was accompanied by a surge in traffic to restaurants, according to Yelp data
  • New restaurant openings in May were up 42 percent compared to the previous year
  • Restaurants continue to struggle with staffing issues as demand increases
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