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DECD: Negative COVID-19 Test No Longer Required For Connecticut Residents to Return to Work

  • Based on updated guidelines from the Centers for Disease Control and Prevention, the Connecticut Department of Economic and Community Development says workers who contracted COVID-19 no longer need to test negative for the virus before returning to work
  • Individuals should still meet three criteria to safely resume workplace activities
  • Extra caution recommended for workers whose cases were more severe
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Small Business Employment Recovery Falters In States With Rising COVID-19 Numbers

  • Job recovery at small- and medium-sized businesses has slowed or reversed in states that have seen a recent surge in COVID-19 cases
  • Employment at these companies is down 23 percent on an annual basis
  • Effect largely concentrated in Sun Belt states, where shutdown orders have been reinstated
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COVID-19 Pandemic Gives Connecticut Opportunity for Greater Regional Cooperation

  • As work-from-home arrangements become more commonplace after COVID-19 pandemic, Connecticut has the opportunity to pursue partnerships with neighboring states to strengthen the region’s economy
  • Aging infrastructure, increasing number of residents working outside the state have been challenges
  • Informal talks on issue began in March
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Small Business Loan Approval Rate Improves In June

  • The approval rate for small business loans from big banks increased from 11.5% in May to 13.5% in June, according to the Biz2Credit Small Business Lending Index.
  • The approval rate was higher among smaller banks, increasing from 16.9 percent in May to 18.4 percent in June.
  • Approval rates at institutional lenders and credit unions rose slightly.
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Yes, You Can Restart Unemployment Benefits If You’re Laid Off Again

  • American workers may find themselves unemployed a second time due to resumed shutdowns or PPP depletion
  • The CARES Act and other rules allow people to get benefits over a longer period of time
  • What happens when the ‘benefit year’ ends
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U.S. Producer Prices Fall Unexpectedly

  • U.S. producer prices unexpectedly fell in June as weakness in services offset rising costs for energy goods
  • Deflation remains unlikely as the economy battles depressed demand caused by the COVID-19 pandemic
  • Lower interest rates likely to continue
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Insurers Crafting New Policies For Pandemic-Related Disruptions

  • New insurance products aim to protect businesses from disruptions caused by future pandemics
  • COVID-19 creates new opportunities for insurers to plug gaps in policies
  • Products provide peace of mind, but usually don’t come cheap
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Stocks Rise As Antiviral Success Offsets Fears of Rising COVID-19 Tally

  • Positive news on an antiviral treatment to combat COVID-19 helped offset investor concerns about the rising tally of virus cases in the United States
  • Nasdaq continues record closing streak while S&P 500 and Dow underperform
  • Reopening plans stall in several states on higher coronavirus case counts
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Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid

  • More than 1.3 million Americans applied for unemployment benefits last week
  • Resurgence in COVID-19 cases forces reversal or pause of reopening plans in several states
  • Companies warn of potential need for further layoffs as economy regains only about one-third of jobs lost in March and April
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The Best Freelance Side Gigs for Professionals

  • FlexJobs identified the best 25 freelance side jobs for working professionals who may be struggling during the COVID-19 pandemic
  • The gig economy was booming even before the pandemic, with nearly one-third of workers finding supplemental sources of income
  • Side gigs can lead to more flexible work or opportunities for full-time work
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