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Boeing Starts Domestic Layoffs Amid Planned 17,000 Job Cut

Allwork

The layoffs, which primarily affect workers in Boeing’s commercial airliner manufacturing sites, are part of the company’s effort to cut costs amid heavy debt, according to Reuters. Boeing notified these employees through federally required Worker Adjustment and Retraining Notification (WARN) filings, which were made public on Monday.

Payroll 237
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U.S. Jobless Claims Fall, Suggesting October’s Job Losses Were Just A Blip

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The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was an aberration. Nonfarm payrolls increased by a mere 12,000 jobs in October, the fewest in nearly four years.

Payroll 239
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U.S. Unemployment Claims Fall Beyond Expectations

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The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Nonfarm payrolls increased by the most in six months in September, with the unemployment rate falling to 4.1%

Payroll 147
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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Hurricanes, Prolonged Strikes Spike U.S. Jobless Claims

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The number of Americans filing new applications for unemployment benefits surged last week, partially boosted by Hurricane Helene and furloughs at Boeing amid a nearly four-week-old strike at the U.S. Nonfarm payrolls increased by the most in six months in September with the unemployment rate falling to 4.1% planemaker.

Payroll 147
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IRS releases e-filing waiver guidance

BMT Office Administration

Final regulations implement the Taxpayer First Act by requiring you to e-file all your information returns—your W-2s, 1099s, 1095s, and other information returns—if you’re filing a combined total of at least 10 returns, beginning with returns filed next year. This is a new standard. Updates will be available in the same way.

Filing 52
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U.S. Layoffs Fell In September But Remain Higher Year To Date

Allwork

That increase, however, has not so far been paralleled by other data measuring job losses, such as the Labor Department’s weekly report on filings for unemployment benefits. 21, for instance, filings for new claims slid to a four-month low and the level of overall benefits rolls has shown little change in recent months.

2023 147