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Former "Empire" actor Jussie Smollett arrives at the Leighton Criminal Courts Building to hear the verdict in his trial on in Chicago, Illinois, on Thursday. Photo: Scott Olson/Getty Images

Actor Jussie Smollett was found guilty on Thursday of making a false report to Chicago police that he was the victim of a hate crime in January 2019, per the Washington Post.

The big picture: The 39-year-old former "Empire" star, who is Black and gay, reported to police that he was the victim of a hate crime when two men violently attacked him. Prosecutors accused him of orchestrating a hoax attack on himself. An attorney for Smollett said after the verdict he's "100% innocent" and would file an appeal, per AP.

Go deeper

Activists focus on systemic change after verdict in Daunte Wright death

A demonstrator honors Daunte Wright on a bracelet outside the courthouse in Minneapolis. Photo: Christian Monterrosa/Associated Press

Eight months after throngs of people filled a downtown Minneapolis plaza ahead of the Derek Chauvin verdict, a noticeably smaller group gathered to hear the fate of former police officer Kim Potter, who was found guilty of manslaughter in Daunte Wright's death Thursday.

The bottom line: Many across the trial-weary Twin Cities had checked out for Christmas.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.