Employment News, Uncategorized — reformingworkerscomp @ 7:49 pm Edit This
According to a June 22 press corps release, Mark Sanford, the Governor
of South Carolina, was expected to sign the new Workers Comp Bill there.
Essentially, this bill is designed to address recent workers’ compensation insurance spikes, which are mostly due to problems and inconsistencies in the current system
that is in place. The Governer will apparently join up with various business group members from the state in Simpsonville on June 25 to officially sign the workers’ compensation reform bill.
Reportedly, the problems with the current structure are passed on to consumers and therefore adversely affect businesses’ ability to grow.
This procedure will happen at the River Shoals subdivision on West Georgia Road in Simpsonville, where he will be met by various business leaders in the community who had helped to rally support for the bill.
The signing is expected to be held outside in the ‘under construction’ part of the subdivision. Signs will be posted leading to the signing location.
Meanwhile in other state workers comp news, Washington’s Dept. of Labor and Industries has announced that beginning on the first of July, and over the next 6 months, employers and workers alike in the state will save an estimated $315
million in workers’ compensation premiums thanks to a partial rate holiday.
This basically means that the majority of Washington employers will deduct far less from their employees’ paychecks for workers’ compensation premiums. And in particularly dangerous occupations like construction, manufacturing or agriculture,
the savings for employers and workers will be substantial.
For work performed from the first of July through the end of December, employers & workers will not pay the Medical Aid Fund premium.
June 20, 2007
California hit hard by Unemployment in certain regions
Filed under: Regional news, Uncategorized — reformingworkerscomp @ 11:24 pm Edit This
According to reputable and respected journalists George Avalos and Barbara E. Hernandez of the MEDIANEWS network, a two-year-old bill is about to become due for the San Francisco Bay Area as well as the rest of California in the form of job losses which have been triggered by the rather steep in the housing market, a recent forecast states.
Experience points to a lag time of two years between a peak in home-building activity and a pronounced slowdown, or even job losses, for industries whose fortunes are linked to the housing market, according to researchers with the UCLA Anderson Forecast. The economists studied four cycles involving housing slumps and the after-effects on the job market.
Job losses connected to the housing bust have already begun to come to the fore in some areas like the East Bay. Even more troubling is the fact that the early indicators seem to suggest that the Alameda-Contra Costa region is being hit quite a bit harder than the state of California, broadly speaking. If you need a qualified attorney in the Greater Southern California area by all means visit Los Angeles personal injury attorneys
Over the past year, the East Bay has lost some eighteen hundred or so jobs in the normally robust construction sector. This is a decline of almost three percent.
In the meantime, San Joaquin County has lost about eight hundred construction jobs, which is a reduction of just under five percent. And in the state as a whole, construction jobs have shrunk by some .7 percent during the year which ended in May.
And yet, the East Bay all by itself has been the hapless recipient of more than a quarter of all the construction positions which have been lost in the Golden State over that same time frame.
In particular, 1,200 positions have been lost in the credit intermediation industry, which also includes many high paying positions for both loan officers and mortgage agents.
University analysts have predicted that the slump in house sales may be finally beginning to abate in the state. Prices are staying flat in certain individual markets.”Price appreciation has settled in around zero for the Bay Area,” one analyst recently wrote.
In spring or summer 2005, building permits in California hit a peak and then began to slide, stated Ryan Ratcliff, an respected economist from the University of California.
“Two years later is right now,” Ratcliff said.
Meanwhile, Canada’s unemployment rate should decline to a record low next year, according to the OECD.
While that nation’s unemployment rate is expected to fall to a record low next year of six percent, according international economic think-tank
(the Organization for Economic Cooperation and Development), they also prrdict that general economic growth & job growth will outpace that in America both in the current year as well as the next.
June 12, 2007
The Latest Data
Filed under: Economic News, Labor Statistics, Employment News — reformingworkerscomp @ 8:07 pm Edit This
The Latest Employment Statistics
According to statistics from BLS.gov,
non agriculatural payroll employment increased by about one hundred and fifty thousand in May, while the unemployment
rate was unchanged at around 4.5 percent, the Bureau of Labor Statistics of the United States
Department of Labor reported today. The health care & food service industries both managed to adde jobs,
while employment declined in the manufacturing sector, unfortunately. Meanwhile, the average hourly earning rate amanged to rise by
6 cents, or 0.3 percent, in May.
In the same month, employment in general was unchanged at some 145.9 million, and the em-
ployment-population ratio held firm at around 63%. The civilian labor force also
was the same, at 152,000,000, while the labor force participation rate
stayed at 66%. Both the employment-population ratio and labor force
participation rate were down by 0.4% since the end of 2006.
Earning rates are important, but to get a wider perspective you should of course also
take a look at the inflation numbers, since inflation dicates spending power of that earned income.
According to Newsmax online, the MoneyNews publication as well as the Financial Intelligence Report, the dollar has been inflated recently - despite claims that the official CPI is “low”
I do not know if this claim is actually tru, but that was the report.
But whether these reports are true or not, I tend to view inflation a big threat to America’s global strength, and most importantly our wealth as American citizens.
I mean, if you get a 5% raise, but inflation jumps 10%, who really benefits from this. I also find that fact that our manaufacturing base shrunk (yet again)
to be truly troubling, especially in light of the recent reports that so many manufacturing jobs have gone to China and India in recent years.
While this may save some corporations some money and add a few nickels to investor’s dividends, it seems to me that this is bad for the long term economic health of the country.hi from reformingworkerscomp
June 11, 2007
Home Employment and Home Business Information Site
Filed under: Uncategorized — reformingworkerscomp @ 9:21 pm Edit This
This is a pretty informative resource that I ran across recently if you are looking to be matched up with a home based business opportunity or some kind of home employment in general. it is called the Free Home Business Employer Match and it is a matchmaking service where you fill out a survey form and are matched with an opportunity based on your answers and thus particular preferences. There are also a number of other resources found here, such as news and Articles about home business entrepreneurial and work at home topics such as taxes, how to raise venture capital, corporate downsizing as well as outsourcing news headlines, filling out forms, frequently asked questions, business plan outlines, working mother information, small business resources, tips & tutorials, marketing data, online advertising information,
entity selection and network marketing company information as well.
There really is a lot of original content here and there is a resoucre directory and internet forum as well.
In other news, In a recent summer 07′ article by Steven Camarota (Center for Immigration Studies)
reports that state employment numbers prove that as the number of poorly educated migrant workers has grown substantially, the number of lesser-educated state residents there holding a job in Georgia has been reduced sharply.
Between the years 2000 and 2006 the share of less-educated native-born adult Georgians (between 18 to 64) holding a job was reduced from seventy one percent all the way down to sixty-six percent. In this case less educated means high school only.
The article also reported the astonishing fact that if
employment rates for Georgians been the same in 2006 as they were at the beginning of the decade, then 186,000 more less-educated state-born adults & teenagers would have been employed. The number of less-educated migrants holding a position of some kind increased by 218,000
during this ame period of time.
Less-educated black individuals in the state have seen an even steeper decline in employment, from 66 percent holding a position in 2000 to just 60 percent as of last year.
According to this report, there are probably between between 250,000 and 350,000 less-educated illegal aliens holding jobs in this state.
All the while, Wages for less-educated persons in Georgia have stayed the same. Over the entire 6-year time period of this research study, real annual wages for less-educated adults grew by only one percent. If there was indeed a labor shortage, wages should be rising fast.
In this same time period, the percentage of native-born teenagers holding a job dropped sharply from twenty-two percent to eleven percent.
There are some 300,000 native-born teenagers not working in Georgia.
Immigrants, both legal as well as illegal, substantially increased their share of all less-educated workers in this state, from seven percent in 2000 to nineteen percent in 2006. Other numbers show that at least fifty percent of this growth was from illegals.Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!
