Weekly Unemployment Claims Skyrocket –

This week’s unemployment report from the Bureau of Labor Statistics was released yesterday with new jobless claims setting an all-time record. In the wake of the COVID-19 pandemic shutting businesses down across the country, the BLS reported a seasonally-adjusted total of just under 3.3 million individuals filed new claims for the week ending March 21,…

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Strong Economy – Through February Anyway

We all know how the economy has tanked over the past week or so as a result of the coronavirus, but according to the Bureau of Labor Statistics (BLS), it was still going gangbusters through February. The BLS reported the addition of 273,000 new non-farm jobs in February with the unemployment rate remaining steady at…

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Price of Political Correctness

A little over 18 months ago, in the wake of poor judgement by a manager of one of its Philadelphia stores, Starbucks buckled in the face of public backlash and changed its restroom policy of paying customers only. Subsequently, Starbucks restrooms were opened to the general public, customer or not, and predictably, the homeless and…

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The Economy and Job Creation

The Bureau of Labor Statistics (BLS) is scheduled to release the September jobs report later this morning, but heading into today, it is projected in many circles that the economy will have added 147,000 non-farm jobs last month. Private payroll firm ADP released their monthly report which showed the addition of 135,000 jobs in September,…

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Miscellaneous

The US economic expansion now officially qualifies as the longest in history! The nation’s GDP has grown for the last 121 consecutive months, having started back in 2009 after the end of the Great Recession. Notwithstanding the strength and growth of the economy, the country is replete with those who would hamstring it. A new…

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Dunkin’ Doings

We expect that most have by now seen the reports this week of Dunkin’ terminating the franchise agreement for some 12 stores in Pennsylvania and Delaware. According to the filings, it is alleged that the franchise owners violated federal laws relating I-9 reporting requirements as well as not utilizing the federal E-Verify system as required…

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Miscellaneous

“Compensation envy” hit fever pitch this week as the AFL-CIO released its 2018 Executive Paywatch report, which analyzes the pay ratio between CEOs and their median employee. The report claims that on average, CEOs of S&P 500 companies received $14.5 million in total compensation, 287 times that of their median worker. Notwithstanding, The Conference Board…

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The Impact of Minimum Wage Hikes

It has long been a subject for debate whether an increase in the minimum wage has a negative impact on local economies, but in response to 43 state and local minimum wage hikes over the past several years compiled by the Employment Policies Institute, business owners from across the country have reported that they have…

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Miscellaneous

According to a new Gallup poll just released last week, Americans’ economic confidence is currently the highest it has been in the past 18 years. Gallup reports that 54% of Americans believe the current economy is “excellent” or “good,” with 57 percent expecting the economy to continue improving. More than two-thirds of Americans believe now…

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Wages on the Rise

Pay levels for the average American worker have improved over the past year through June according to the Wall Street Journal.  The paper reported this week on the Employment-Cost Index, a regular report of the Department of Labor Bureau of Labor Statistics (BLS) that measures wages and salaries plus benefits. The Index for June 2018…

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