Mr. President-Elect, I am from the “Show Me ” state of Missouri and you certainly showed our country that the underdog can win. For many of us who are small business owners that is inspirational because we are too often forgotten, ignored and discounted. Your victory last night gives us great hope for the future. […]
Shocked? Surprised? Not me. Only 38,000 jobs were created in May according to the Bureau of Labor Statistics. A far cry from the anticipated 164,000. And while the unemployment rate dropped to 4.7 percent, nearly 500,000 people simply dropped out of the labor market. The labor participation rate now stands at 62.6 percent — a […]
By Brian Hamilton and Mary Ellen Biery It has been said that the worst problems are the ones you don’t see coming, and there is a significant problem brewing in D.C. that too few people seem to be paying attention to. At President’s Obama’s urging, the Department of Labor is amending regulations governing the “white […]
If you use independent contractors in your small business, you may find yourself being targeted by the Department of Labor, again. You’ll recall that the DOL recently started the process of redefining exempt and nonexempt employees in a way that would make employers liable for a boatload of new overtime payments. On the heels of […]
Some will trumpet today’s announcement of a two-tenths of one percent drop in the June unemployment rate as great news, but in fact it just masks the truth of what is happening in the US economy: The administration is breaking the back of the job creators. Once again we’ve seen an unemployment rate drop due […]