Unemployment Is Down, Proposed Bills to Help SMBs, AI Not Leading to Mass Layoffs

Unemployment claims have dropped to their lowest level since mid-July, which is a good indicator that layoffs aren’t imminent. Host Gene Marks talks about employers holding on to their employees in a strong labor market. Plus, the House of Representatives passes nine bills with bipartisan support aimed at strengthening programs in the Small Business Administration, including ones dealing with funding access and disaster assistance. In AI news, Bank of America puts millions toward AI implementation and the training is leading to an increase in productivity and less layoffs. Listen to the podcast.

Topics:

00:00 – Introduction

01:05 – Unemployment Data

04:39 – Bipartisan Support for Small Businesses

07:37 – AI and Jobs Impact

10:10 – Episode Wrap-up

 Additional Resources

HR Metrics Cheat Sheet: https://bit.ly/hr-metrics-formulas

Thrive podcast with NEC’s Kevin Hassett:  https://bit.ly/thrive-kevin-hassett

Meet Paychex: https://bit.ly/3VtM6bs

DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.