Allwork

OCTOBER 7, 2022

This morning the Bureau of Labor Statistics released a report that shows that the US created 263,000 new jobs in September, which beat the average estimate of 250,000 payrolls. The BLS report reflects September’s better-than-expected job creation, but also puts the Federal Reserve in an uncomfortable position.

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AUGUST 5, 2022

In addition to an increase in jobs, the report showed that employers have consistently raised wages and experienced longer work hours, exceeding expectations from analysts. . A Reuters poll of economists showed that payrolls would grow by an estimated 250,000. . Hourly earnings grew 0.5% in July compared to the 0.4%

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FEBRUARY 2, 2024

nonfarm payrolls far exceeded economists’ predictions of 185,000 jobs. Job gains were recorded in professional and business services, health care, retail trade, and social assistance, according to the BLS report. Additionally, December’s payrolls were revised to 333,000 from 216,000. ADP reported 5.2%

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Allwork

OCTOBER 3, 2024

Private sector payrolls increased by 143,000 in September, following an August rise that marked the slowest expansion since March 2023, according to data by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. In a surprising turn for the job market, U.S.

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Allwork

OCTOBER 7, 2024

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data. before the report, CME Group’s FedWatch tool showed. economist Jan Hatzius said in a note on Sunday.

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Allwork

OCTOBER 4, 2023

Another noteworthy observation from ADP’s report is the continuous decline in annual wage growth, which has now reached its 12th consecutive month, standing at 5.9%. A deeper dive into the report reveals that the majority of job gains came from the services sector, contributing 81,000 to the total. The post September Surprise!

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Allwork

JULY 2, 2024

ADP payroll data shows that since the onset of the COVID-19 pandemic, the share of “cross-metro” remote workers employed at large firms in the U.S. Workers at a satellite office reporting to a manager at headquarters could fall in this category, for example, as could a local store or factory manager reporting into the regional center.

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Allwork

JANUARY 6, 2023

Despite a slowdown in payrolls last month, unemployment once again fell in December. . According to the most recent Bureau of Labor Statistics report, the U.S. added 223,000 jobs in December, surpassing the Dow Jones forecasts of 200,000. .

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Allwork

OCTOBER 1, 2024

This marked the first reduction in borrowing costs since 2020 , an economic move intended to improve economic activity across the U.S. Attention now shifts to the upcoming employment report for September, which economists believe will provide more clarity on the labor market’s current trajectory.

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APRIL 5, 2023

year-over-year, as noted in the March ADP National Employment Report. However, pay growth has slowed for those who stay in their jobs and those who switch, with pay gains for job stayers falling from 7.2% What’s going on: In March, the private sector added an impressive 145,000 jobs, while annual pay rose 6.9%

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Allwork

JUNE 2, 2023

What’s going on: The latest Employment Situation report , released by the Bureau of Labor Statistics (BLS), reveals that the U.S. The report reveals that the unemployment rate rose by 0.3 job market experienced growth in May. This unexpected boost in job creation suggests a stronger economy. percent to 3.7 percent.

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Allwork

JULY 6, 2023

saw an increase of 497,000 jobs, according to an ADP National Employment Report. The report, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, uses anonymized payroll data from client companies served by ADP to provide a comprehensive picture of the labor market.

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Allwork

SEPTEMBER 25, 2024

companies reliant on East and Gulf Coast seaports are racing to find logistical workarounds ahead of a looming strike by the International Longshoremen’s Association (ILA) union. Reuters reports that the potential strike , set for October 1, threatens to disrupt critical sea routes and cripple key economic sectors just weeks before the U.S.

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DECEMBER 2, 2022

Labor Department’s latest jobs report shows that the country added 263,000 nonfarm payrolls in November, exceeding economist expectations. . The leisure and hospitality industries led the pack in job growth with 88,000 new positions, followed by healthcare and government.

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AUGUST 4, 2023

from the same period last year. Bloomberg reports that the unemployment rate continues to hover near historical lows, and workforce participation maintains a steady rate of 62.6%. payrolls report is a key indicator of economic health, and slower job growth could be an early sign of an economic slowdown.

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Allwork

MAY 5, 2023

What’s going on: In April 2023, the United States experienced better-than-expected job growth, with 253,000 nonfarm payrolls added to the economy, according to CNBC. This number exceeded the predictions made by Wall Street, which had estimated that only 180,000 jobs would be created.

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Allwork

JULY 22, 2022

According to the report, jobless claims came to 251,000 during the week ending in July 16, significantly higher than the Dow Jones forecast of 240,000. . Over the last several months, nonfarm payroll has made strides in recovery, but inflation has caused this trend to cool down. . New data from the U.S. Simultaneously, 78.6%

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MAY 19, 2022

However, the Department of Labor report shows that the labor market is still tight and people on jobless rolls have hit their lowest point since 1969. . Even more, payrolls grew by 428,000 in April, marking the 12th consecutive month of increased employment over 400,000. The post U.S.

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AUGUST 18, 2022

The extension agreement allows us to go back to working from home in a crisis—but we know of call centers and payroll departments that have had outbreaks, and they are not going back to working from home there,” said Kieran Knutson, an AT&T call center worker and leader of the CWA’s Minneapolis chapter. .

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FEBRUARY 6, 2024

By authenticity, I’m talking about unfiltered, open, and honest communication about solving problems that kept them up at night — like meeting payroll, finding investors, growing sales, dealing with production issues, maximizing AI, and managing conflicts. In this article, Forbes reports how business podcasts can feed your mind what it needs.

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APRIL 28, 2022

So too is the case with Bitwage , which is a payroll service allowing employers to pay workers in cryptocurrency – also, Bitwage offers its own employees a crypto salary. . Cryptocurrencies are extremely volatile and make reporting your taxes to the IRS far more complicated. .

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Small Business Labs

MAY 19, 2020

.   As the Census chart below (click to enlarge) shows , 51% of the small businesses surveyed reported that the pandemic was having a large negative effect on their business.    Another 39% reported it has had a moderate negative effect. reported the pandemic has had a positive effect on their business.  

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MAY 2, 2024

million in the previous month. According to a report published by Bloomberg , the March 2024 figures came in lower than economists’ expectations, with the 8.49 JOLTS report provides insights for the overall U.S. The data, released on May 1, revealed that available positions decreased to 8.49

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Small Business Labs

OCTOBER 6, 2014

Key findings from this year's study include: The majority (82%) of independent workers report being highly satisfied (63%) or satisfied (19%) and plan on remaining independent in the future (76%). As with past years a substantial majority, roughly 30%, of the respondents report being unhappy with independent work.

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JUNE 19, 2023

According to the 2022-2023 Aflac WorkForces Report , 59% of American workers are reporting moderate or higher levels of burnout. For instance, it could take hours building contact spreadsheets, writing reports, answering emails, attending webinars and conducting research, just to name a few,” she says.

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OCTOBER 18, 2022

“The basic reason for the term and trend is because employers decide to ride out the uncertainty with higher payrolls in order to avoid the long-term costs of hiring and training new people when the economy rebounds,” Fountain told Allwork.Space. .

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Success

APRIL 22, 2024

Credit Karma For credit management, Credit Karma is a great way to keep an eye on your personal credit, as it shows your credit reports and scores from TransUnion and Equifax. Gusto When you add employees to your business, it’s important to ensure that you are managing your payroll effectively.

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AUGUST 1, 2024

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.” in the second quarter.

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SEPTEMBER 5, 2024

CNBC reports that the drop in job openings represents a decline of 237,000 positions from June’s revised figures. Layoffs have also risen, reaching 1.762 million — the highest since March 2023. The data reflects a consistently cooling labor market and only adds to worries about economic stability and the broader challenges facing the U.S.

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Allwork

JANUARY 10, 2023

Additionally, a September 2022 survey from the School of Politics and Economics at King’s College reported that 25% of respondents would quit if forced to return to the office full time. . Thus, over half of all respondents want to work less than half the time in the office. . Resistance . Compensation adjustments . Boosting culture

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Small Business Labs

JULY 13, 2021

The second reason is that having digital nomads on the payroll can leave firms open to a variety of regulatory and legal risks. million workers report being digital nomads.  firms have digital nomads on their payroll, whether they know it or not.   And, most of them (6.3 million) have traditional jobs. 

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BMT Office Administration

OCTOBER 6, 2022

However, Payroll teams are busy preparing for a different season — year-end reporting. You can be penalized for filing W-2s, 1099s, and 1095s on which you report incorrect Social Security numbers. For 1095 reporting by self-insured group health plans, you can also be penalized for not reporting employees’ dependents’ SSNs.

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OCTOBER 3, 2024

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. The Challenger report comes ahead of the monthly nonfarm payrolls report due Friday from the Bureau of Labor Statistics.

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BMT Office Administration

MAY 9, 2024

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. These incentives are fully taxable and are subject to W-2 reporting.

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SEPTEMBER 11, 2023

Promotions, typically seen as milestones that boost an employee’s position within a company, might actually be pushing people out the door, according to payroll-services provider ADP’s new Today at Work survey. The report reveals a staggering 29% of employees quit their jobs within a month after their first promotion.

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BMT Office Administration

MAY 25, 2023

It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. Zoom in for the payroll picture The IRS calls withholding voluntary, although your employees may beg to differ. Payroll is compliance-oriented; there’s very little wiggle room to be creative.

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BMT Office Administration

MAY 30, 2022

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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