The expiration of federal unemployment benefits was mentioned 7 times in the the Fed's October Beige Book today:
3: little to no impact
2: modest increase in applicants/workers
1: expects future increases
1: concern about negative impact on household finances of recipients
3: little to no impact
2: modest increase in applicants/workers
1: expects future increases
1: concern about negative impact on household finances of recipients
Vaccine mandates were also mentioned in 6 sections. Discussions mostly about turnover, though more forward-looking as mandates start to take effect.
2: Increased turnover
2: Turnover, but less than expected
2: Concern about future turnover
2: Increased turnover
2: Turnover, but less than expected
2: Concern about future turnover
Incidentally, I wonder if this is the first time the Fed Beige Book has ever mentioned mental health in the context of workers:
> Worries about employee mental health, burnout, safety, and vaccine mandates impacting company culture were mentioned.
> Worries about employee mental health, burnout, safety, and vaccine mandates impacting company culture were mentioned.
Creating an recursive loop, but here's the thread confirming this *is* the 1st time worker mental health has been mentioned.
https://twitter.com/DanielBZhao/status/1451244405734707209?s=20
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