The New Jersey Business & Industry Association opposed two bills this week that will bring more burdens to employers. Bill A-3998 creates a separate category of worker’s compensation beneficiaries who died from COVID-19 and provides them with enhanced benefits. Before the Assembly Appropriations committee on Wednesday, NJBIA Vice President of Government Affairs Christopher Emigholz echoed […]
COVID19
Federal Reserve Extends 4 Emergency Lending Programs
The Federal Reserve on Monday said it had extended four backstop lending programs that have helped to stabilize short-term funding markets after the coronavirus pandemic hit the United States. The four programs include the Commercial Paper Funding Facility, the Money Market Mutual Fund Liquidity Facility, the Primary Dealer Credit Facility, and the Paycheck Protection Program Liquidity Facility. All had been […]
Hiring during COVID: 2020 Is Not the 2008 Employers’ Job Market
Business owners should not interpret high unemployment numbers in 2020 as a sign that it’s now an employer’s market, and unnecessary to fight for talent with competitive benefits and wages, according to a recent article in the Harvard Business Review. That’s because today’s labor market is different from prior economic downturns, and unlike anything seen […]