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Across the nation, businesses scramble for help as would-be workers stay home


“A shortage of talent is nothing new for small businesses, but the circumstances surrounding this shortage are entirely different,” says Jill Chapman, a consultant with Insperity, a human resources provider.
Companies whose work is done inside homes including plumbers, contractors and pest control businesses find many prospective hires are afraid of contracting the virus on a job. Meanwhile, demand for their services is up because there’s more wear and tear on houses and apartments as people spend more time at home.
At Jake Romano’s Ottawa, Ontario, plumbing business, job candidates are gravitating toward commercial plumbing rather than having to visit five to 10 homes a day. Even when Romano finds a good prospect for his company, John the Plumber, he’s often disappointed. ....

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3 ways the next COVID-19 relief bill could put money in your pocket


3 ways the new COVID-19 relief bill will put money in your pocket
The new COVID-19 stimulus package will bring extra cash to many Americans.
Americans will start seeing the third round of stimulus checks worth $1,400 as soon as this weekend.
Expanded child tax credits will give much-needed cash to families throughout 2021 and at tax time. 
The latest COVID-19 stimulus package was signed into law on March 11 by President Joe Biden.
The bill, called the American Rescue Plan, has several parts that aim to give money directly to Americans who are struggling financially as a result of the COVID-19 pandemic, which reaches its one-year mark this month. Aid for housing costs and food expenses, small businesses, and schools was included in the legislation. ....

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Unemployment and taxes: answers to all your questions


Is unemployment taxable?
Generally, yes. Unemployment benefits must be reported on your federal tax return following the year you collected the money; it will be included in your federal gross income. You have options to pay taxes throughout the year. If you don t, you may wind up with a big bill at tax time.
You might also have to report unemployment benefits on your state return if the state taxes income.
You can quickly find the amount your state paid to your name in unemployment benefits in 2020 by looking at 
Box 1 on Form 1099-G, which should have been mailed to you by now or made available online. In Box 4, you ll see the amount that was withheld for federal taxes, if any. These are the numbers you need to report on your tax return. ....

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US weekly jobless claims rise to 965,000, biggest increase since March


Marcelo Hernandez/Getty
New US jobless claims for the week that ended Saturday totaled 965,000, the Labor Department said Thursday, signaling the labor market s rebound weakened through the end of the holiday season.
Economists surveyed by Bloomberg expected a reading of 800,000 claims.
The data shows a sizable increase from the previous week s revised number of 784,000. The jump was the biggest since March.
Continuing claims, which track Americans receiving unemployment benefits, rose to 5.3 million for the week that ended January 2. That s above the consensus economist forecast of 5.3 million.
The number of Americans filing for unemployment benefits jumped last week as rising COVID-19 cases continued to cut into the labor market s recovery. ....

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