Economic prognosticators were abuzz last year with optimism about a so-called “V-shaped recovery.” With vaccines rolling out across the country and lockdowns lifting, the economy has indeed been recovering, but with one notable caveat: Despite reopening, many businesses are still struggling to find employees. The most likely culprit is the federal unemployment bonus that began during
Governor Doug Ducey today announced Arizona’s plan to support Arizonans getting back to work, and fill the thousands of jobs available across the state. Governor Ducey announced Arizona will no longer be taking the Federal Pandemic Unemployment Compensation, and instead will offer one-time bonuses to returning workers, along with child care support, educational opportunities and
Washington is in the process of spending more than $6 trillion to rescue an economy that doesn’t need rescuing. A look at U.S. economic data shows just how insane this spending plan is. The $1.9 trillion American Rescue Plan, passed in March, was marketed primarily as economic stimulus. The Washington Post dubbed it “among the
It looks like something to celebrate: small businesses posting “Help Wanted” signs as the economy edges toward normalcy. Instead, businesses are having trouble filling the jobs, which in turn hurts their ability to keep up with demand for their products or services. Owners say that some would-be workers are worried about catching COVID-19 or prefer
Wages, Salary Increases Help Drive Income Growth Personal income in Arizona rose last year at a rate faster than nearly any state in the country, according to new estimates from the Bureau of Economic Analysis. With a personal income growth rate of 8.4%, Arizona tied with Montana for the fastest rate of growth in personal income
With the floodgates set to open on another round of unemployment aid, states are being hammered with a new wave of fraud as they scramble to update security systems and block scammers who already have siphoned billions of dollars from pandemic-related jobless programs. The fraud is fleecing taxpayers, delaying legitimate payments and turning thousands of
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