Editorial - Room with a View

Room with a view: Consider your options this Labor Day

From the U.S. Bureau of Labor Statistics:

As the COVID-19 pandemic affects the nation, hires and turnover reach record highs in 2020

Data from the Job Openings and Labor Turnover Survey (JOLTS) highlight the effects of the coronavirus disease 2019 (COVID-19) pandemic and the results of efforts to mitigate its spread in 2020. With the challenges of the pandemic, many of the JOLTS data elements experienced shocks early in the year before returning to previous trends. In fact, many of the data elements experienced series highs. For example, the hires level reached a series high of 8.3 million in May 2020, bouncing back from a depressed level of 3.9 million in April 2020. The total separations level, also referred as turnover, reached a series high of 16.3 million in March 2020, boosted largely by a spike in layoffs and discharges.

Note: a high turnover rate reflects workers’ confidence in finding a new job if they leave their current job.

From the California Employment Development Department:

Federal unemployment benefit programs under the CARES Act end on September 4, 2021. You will no longer be paid benefits for the following claim types after September 4:

  • Pandemic Unemployment Assistance (PUA)
  • Pandemic Emergency Unemployment Compensation (PEUC)
  • Pandemic Additional Compensation (PAC)
  • Mixed Earner Unemployment Compensation (MEUC)

Note: Federal-State Extended Duration (FED-ED) benefits will no longer be payable after September 11.

The federal government does not allow benefit payments to be made for weeks of unemployment after these programs end, even if you have a balance left on your claim. Certification weeks eligible for payment before the end of these programs will be processed. This includes weeks eligible for conditional payments. You will be notified about what to expect based on your claim type.

Here’s Jeff Koterba, to end on a cheery note:

Labor Day options 2021
Labor Day options 2021