For most of you following our updates in the articles section regularly, we’ve been breaking down monthly releases from the Bureau of Labor Statistics(BLS), U.S Department of Labor that talks about the overall unemployment situation in the country for the previous month. It is a comprehensive report that gives an in depth analysis and covers all states in the U.S. If you’re someone who is curious to know the nitty … Read more
In response to the Coronavirus pandemic, the federal government has passed the New Coronavirus Aid, Relief, and Economic Security (CARES) Act. This financial relief program includes several programs such as PUC, FPUC, retirement plan provisions, and funding for Short-Time Compensation (STC) programs. What Is A Short-Time Compensation Program? Short-Time Compensation, also known as shared-work program or work sharing, is an alternative to layoffs for employers whose available work has reduced. It … Read more
As the employment situation has remained over the last few months, the unemployment rate in April was 5.0 percent, the same as March. This percentage consists of a little over 7.9 million unemployed persons out of the employable populace. Among the various industries, professional and business services lead the job creation engine with highest number of recruits, followed by health care and financial activities. As our job has been every … Read more
The state of Wisconsin has been trying to rise out of recession as much as possible. The state labor officials say that about 16,000 jobs have been added, thus leading to the fall in the unemployment rate of the state in April. The number of jobs added recorded the largest jump per month in the last fourteen years. About 3,300 jobs have been added to the manufacturing sector. The state’s … Read more
The release of the Employment Situation, October 2020, has good news for all Americans as the US unemployment rate dropped to 6.9%. There was a decrease in the unemployment rate across all worker groups and a fall in the number of people temporarily laid off, but the number of permanently laid-off workers has not dropped. Huge Drop From April Values These numbers are massive improvements from April 2020, when the … Read more
The Emergency Food Assistance Program (TEFAP) helps low-income Americans access the food they need. TEFAP connects with the United States Department of Agriculture (USDA) to purchase nutritious food for individuals and families in need while simultaneously supporting the country’s farmers. TEFAP food is delivered to local agencies to distribute throughout their communities. The Emergency Food Assistance Program (TEFAP), formerly known as the Temporary Emergency Food Assistance Program, is a federal … Read more
On March 27, the U.S. Congress announced the Coronavirus Aid, Relief, And Security (CARES) Act. This act includes wide-ranging implications, including changes to unemployment insurance benefits, support to businesses, and self-employed. The CARES Act also consists of a retirement plan and Individual Retirement Account (IRA) provisions. In this article, we will walk you through the retirement plan provisions under the CARES Act. The Coronavirus-Related Distributions The CARES Act allows plan … Read more
After a brief hiatus, the national unemployment rate was down by 0.1 percentage points to stand at 5.4% assuring of promising times ahead. During the month of April, a little over 223,000 jobs were added across sectors(non farm payroll employment). Industries such as Healthcare,Construction, Professional and Business services continued to moved upward in terms of job creation whereas Mining saw significant job losses during this month. Let us briefly unravel … Read more
The month of April sees the total nonfarm payroll employment in the United States increased by 164,000. But the biggest update in the month of April is the unemployment rate edging down to 3.9 percent. This update comes after six months of being static at 4.1%. In terms of employment, jobs gains had occurred in the professional and business services, manufacturing, healthcare, and mining industries. In April, the unemployment rate … Read more
According to the U.S. Bureau of Labor Statistics, there was a slight change in the October unemployment rate which currently stands at 3.6 percent. October saw a pick up in monthly earnings which rose to 0.1% and saw a yearly gain of 3%. Major Ups and Downs in October Nonfarm payroll for the month of October stands at 128,000. In comparison to the month of September, the October nonfarm payroll … Read more