Economic Notes

Inflation concerns are back in a real way as consumer prices rose 0.9 percent for the month of June according to data released this week by the Department of Labor Bureau of Labor Statistics. The Consumer Price Index (CPI) rose to an annualized rate of 5.4 percent, and for the month, almost doubled the projected…

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Economy Moves Front & Center

As we move closer to a complete reopening of the American economy in the wake of decreasing COVID -19 infections and increasing citizens being fully vaccinated, Bureau of Labor Statistics (BLS) information is getting much more play in news cycles – and for a bunch of not-so-encouraging reasons. First off, the labor shortage appears to…

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January 2021 Brings Many Changes

As we get closer to the turn of the calendar to 2021, many laws and regulatory requirements will change along with the New Year. It is not too early to focus on the specific changes that will impact your business and, over the course of the remaining issues of Small Regular No Sugar! that publish…

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Virginia Moving Minimum Wage Bill

On a party-line vote last week, the Virginia House of Delegates voted 55-45 to pass HB 395, a bill that will increase the current state minimum wage of $7.25 per hour to $15 by July 1, 2023. The legislation moved through the lower chamber at lightning legislative speed and is now pending in the state…

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Denver Hikes Minimum Wages Again

Last week, the Denver City Council unanimously approved a new minimum wage increase that will bump the hourly minimum in the Mile-High City in each of the next two years. The current state minimum of $11.10 is slated to rise to an even $12/hour on January 1st, but apparently, that wasn’t good enough for the…

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Florida Wage Question Clearing Signature Hurdle

The effort to put a minimum wage increase to $15 on the Florida ballot has moved that much closer to reality as advocates have submitted over 763,000 valid voter signatures already. Florida For a Fair Wage, the primary sponsor of the initiative, must to collect and submit at least 766,200 voter signatures by February to…

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Miscellaneous

The U.S. Bureau of Labor Statistics reported that real average hourly earnings for all employees increased 1.7 percent year over year from January 2018 to January 2019. On a month to month basis, real average hourly earnings rose 0.2 percent from December to January, resulting from a 0.1 percent increase in average hourly earnings combined…

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Minimum Wage Hikes in 2019

With the New Year just one month away, it seems timely to advise our subscribers of the increases that will become effective with the turn of the calendar on New Year’s Day. There are a number of municipalities along with twenty states where the legal minimum wage will increase on January 1, either adjusted by…

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NJ Wage Increases

With its minimum wage now tied to inflation, New Jersey Governor Phil Murphy announced the minimum wage in January 2019 will increase to $8.85 per hour. The minimum wage hike, put in place by New Jersey voters in a 2014 referendum, brought the wage up to the current $8.60 and then tied it to inflation…

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OSHA Increasing Fines to “Catch Up”

OSHA , the Occupational Safety and Health Administration is increasing the fines it assesses for the first time in 25 years, and they’re going to do it with gusto!  Effective August 1, 2016, OSHA will be required to implement an initial penalty “catch-up adjustment”, tied to the percentage difference between the October 2015 and October…

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