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In addition to the better-than expected increase in nonfarm payrolls reported by the Labor Department on Friday, wages rose at a solid pace last month. Nonfarm payrolls increased by 254,000 jobs last month, the most since March, the Labor Department’s Bureau of Labor Statistics said. presidential election. from around 28.5%
The Wall Street Journal reports that following the Fed’s two-day meeting, Powell suggested that a rate reduction is increasingly probable, stating, “The broad sense of the committee is that the economy is moving closer to the point at which it will be appropriate to reduce our policy rate.”
. For more information and details, see the SBA's site and this document from the Senate Small Business Committee. If all employees are kept on the payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. .
They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy. Such action raises concern about cover-ups.
Watch for some of these warning situations: • Everyone knows HR cuts payroll checks, and finance pays vendors. Form a prioritization committee comprised of IT management and business leaders. Find the “happy middle ground&# whenever possible on policies and procedures.
central bank’s cautious stance toward further monetary policy easing this year amid mounting fears that pledges by President-elect Donald Trump to impose or massively raise tariffs on imports and deport millions of undocumented immigrants could stoke inflation. Professional and business services payrolls rose by 28,000.
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