On Labor Day 2021, the end of enhanced unemployment benefits bring hope to US small businesses
Labor Day is traditionally an opportunity to recognize the contributions made by workers, but this year it's small businesses that are celebrating. That's because this Labor Day coincides with the end of enhanced federal unemployment benefits that were paying people not to work. These payouts have contributed to a record labor shortage that prevents small businesses from bringing the economy back. Oxford Economics estimates that roughly 11.2 million Americans will lose some form of federal unemployment benefits this week. This will help fill the 10.1 million available jobs nationwide.
On Friday, the Labor Department released its...