Multifactor Productivity Down 1.7 Percent…
Private nonfarm business sector multifactor productivity decreased 1.7% in 2020, the largest decline since the Great Recession period of 2007–2009. This 2020 decrease reflects a ...
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Pending Home Sales Slip 10.6%…
Pending home sales dipped for a second straight month in February, according to the National Association of Realtors®. Each of the four major U.S. regions witnessed month-over-mon...
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Chicago Business Barometer™ – Expanded…
The Chicago Business BarometerTM, produced with MNI, rose to 66.3 in March, the highest level since July 2018. Through Q1 the index gained 4.4 points to 63.2, the strongest reading...
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ADP® Releases March 2021 Employment…
Private sector employment increased by 517,000 jobs from February to March according to the March ADP® National Employment Report. Broadly distributed to the public each month, fr...
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Unemployment on the Rise –…
States reported that 719,000 U.S. workers filed for new unemployment benefits during the week ending March 27, an increase of 61,000 after last week’s pandemic-era low. The t...
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California Employers Should Review Time-Keeping…
California employers are prohibited from rounding time-clock punches for employee meal periods, according to a recent ruling by the state’s high court. Employees in Californi...
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DOL Proposes Withdrawal of Independent…
On March 11, the U.S. Department of Labor (DOL) proposed withdrawing the independent contractor and joint employer final rules. The rules “would significantly weaken protecti...
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New Unemployment Claims 712,000 Week…
SEASONALLY ADJUSTED DATA In the week ending March 6, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 42,000 from the previous week’s revi...
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FTR Reports Preliminary Trailer Orders…
FTR reports that preliminary U.S. net trailer orders continued to moderate in February, falling 23% m/m to a total of 23,100 units. Although orders fell m/m they were still 64% a...
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