Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7%, the US Bureau of Labor Statistics reported recently. Employment fell in construction and information, while temporary help services added jobs. Severe winter...
Question of the Week: Has the COBRA Premium Subsidy Been Extended
This week’s question comes from Dawn, an HR manager. We are terminating someone today. I thought the COBRA subsidy expired at the end of February. Now I hear that it’s been extended again. Has the COBRA premium subsidy been extended? Answer: On Tuesday, President...
Unemployment Insurance Weekly Claims Report Update for February 27, 2010
According to the US Department of Labor, in the week ending February 27, the advance figure for seasonally adjusted initial claims was 469,000, a decrease of 29,000 from the previous week’s revised figure of 498,000. The 4-week moving average was 470,750, a decrease...
Tip of the Week: Second Quarter Interest Rates Remain Unchanged
In IR-2010-022, the Internal Revenue Service (IRS) announced that interest rates for the second quarter of 2010 would remain unchanged from the first quarter. The rates are as follows: Four (4) percent for overpayments [three (3) percent in the case of a corporation];...
US Department of Labor Issues and Withdraws Opinion Letter on Exempt Status of Client Service Managers
The US Department of Labor (DOL) recently issued Administrator signed Opinion Letter FLSA2009-26. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each case, they are a valuable aid in understanding current interpretations...
US Department of Labor Issues and Withdraws Opinion Letter on Salary Deductions from Exempt Registered Nurse
The US Department of Labor (DOL) recently issued Administrator signed Opinion Letter FLSA2009-25. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each case, they are a valuable aid in understanding current interpretations...
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