Move by White House stops rule on independent contractor classification (National Law Review)

Released on January 25, 2021 The White House issued a memorandum asking agencies to stop all non-emergency rulemaking and regulatory activity pending review by the new administration; the memo will in effect do away with a final rule on independent contractor classification, the National Law Review reported. The rule would have made it easier for companies inRead More

Bah Humbug on the ‘Doom and Gloomers’

Posted by Alan Beaulieu on Dec 23, 2020 10:40:23 AM Here Are Two Reasons Why The headlines trumpeted that Retail Sales fell in November, a move that many did not see coming. For the record, Retail Sales are on track with our forecast. The concern raised by others regarding November’s drop is that consumers have pulled back,Read More

Onboarding Your First Remote Hire

Now that WFH has become the norm rather than the exception and many companies have moved to hiring new employees without ever meeting in person, the next step in adapting to the new World of Work is to build onboarding practices that can accommodate new hires starting from a home office. Employee onboarding is essentialRead More

BLS Employment Situation Report: December 2020

Total nonfarm payroll employment in December declined by 140,000 in December, well below the consensus forecast of a job gain of 45,000. The unemployment rate remained unchanged at 6.7 percent or 10.7 million unemployed persons. The Bureau of Labor Statistics (BLS) noted in today’s release that both unemployment measures are much lower than their AprilRead More

Economists Predict Sharp Slowdown Before Outlook Brightens Considerably

BY EMEL AKAN January 14, 2021 Updated: January 14, 2021 WASHINGTON—Economists are forecasting a strong recovery this year but warn of a sharp drop in economic activity in the first quarter before it builds momentum following the winter. The U.S. economy will grow at 3.9 percent over the four quarters of 2021, according to the latest estimates by theRead More

US private-sector employment drops for first time since April as Covid surges

Released on January 6, 2021 Private-sector employment fell by 123,000 jobs in December compared to November as Covid-19 surged, according to the ADP National Employment Report released today. “As the impact of the pandemic on the labor market intensifies, December posted the first decline since April 2020,” said Ahu Yildirmaz, VP and co-head of theRead More

Building your A-team

Sacramento Business Journal Leadership Trust By Dave Sanders , President at WorldBridge Partners Dave is well established in the West Coast venture capital community and is a General Partner in several seed-stage venture funds. As an investor in seed and high-growth companies, I look at (beyond the idea and market potential) the founders and the team they haveRead More

Labor market recovery continues, ADP report says 749,000 new jobs this month

Released on September 30, 2020 The US private sector added 749,000 jobs in September month over month, an increase compared to August and July, according to the ADP National Employment report released today. The US added 481,000 private-sector jobs in August and 216,000 in July. “The labor market continues to recover gradually,” said Ahu Yildirmaz,Read More

Initial US jobless claims fall by 33,000; Fed to keep interest rates low until job market strengthens

Released on September 17, 2020 US initial jobless claims fell in the week ended Sept. 12 from the prior week, according to seasonally adjusted data released today by the US Department of Labor. Total initial jobless claims fell to 860,000 for the week, down 33,000 from the previous week’s level, which was revised upward byRead More

CNBC Article: Op-ed: More companies will offer remote work at price of staff position. Take the deal.

Released on July 31, 2020 The pandemic was just the tipping point for the emerging interim economy. The word “interim” literally translates from its Latin origins as “the time in between.” For businesses, the next two years will be a time in which they either adapt or disappear. If we succeed in restoring “a million jobsRead More