Keyword: payroll

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  • Payroll growth slumps in August; unemployment rate down to 6.1%

    09/05/2014 6:44:06 AM PDT · by SeekAndFind · 21 replies
    CNBC ^ | 08/05/2014 | Jeff Cox
    Job growth cooled in August, with nonfarm payrolls adding just 142,000 even as the unemployment rate fell to 6.1 percent, according to the Labor Department. The fall in the headline rate came as labor-force participation fell, declining to 62.8 percent, or 64,000 workers, tying the 2014 bottom and remaining at the lowest level since 1978. Economists expected payroll growth of 225,000 in August following July's upwardly revised 212,000. The unemployment rate was forecast to drop to 6.1 percent from 6.2 percent. August's number are a notoriously volatile set, with 2013's initially reported 169,000 ultimately revised up to 238,000. In 2011,...
  • Get Paid in Bitcoin With BitPay’s New Payroll API

    01/14/2014 7:53:53 AM PST · by Errant · 29 replies
    Coin Desk ^ | 14 January, 2014 | Jon Southurst
    What’s the easiest way to get bitcoins into your wallet? Answer: Get paid in bitcoin. BitPay, the world’s largest digital currency payment processor, now lets employees do that with the beta release of its Bitcoin Payroll API for employers. “For the longest time the hard question was ‘How do I buy bitcoin?’” said Tony Gallippi, co-founder and CEO of BitPay. “Now the answer is easy: ‘Ask your employer.’” American W-2 employees (see below) can elect to have all, or part, of their salary paid in bitcoin for every pay period. It works as a ‘net payroll deduction’, meaning taxes and...
  • Labor Department tells Arkansas businesswoman she can't have volunteers

    01/09/2014 1:14:57 AM PST · by Cincinatus' Wife · 39 replies
    Washington Examiner ^ | January 8, 2014 | SEAN HIGGINS
    Ladies and gentlemen, be careful who you volunteer for — you could be doing them a lot more harm than good. The federal government sometimes takes dim view of such generosity. Just ask Rhea Lana Riner. She owns a small Arkansas-based business that organizes consignment sales. Since August, the Labor Department has been threatening her with stiff financial penalties, saying her business practices are illegal. It has even been contacting donors to her events and encouraging them to instigate legal action against her. Why? Well, the department says Riner cannot legally allow the people who provide items for sale to...
  • U.S. Payroll to Population and Unemployment Worsen in May

    06/06/2013 8:54:44 AM PDT · by george76 · 2 replies
    Gallup ^ | June 6, 2013 | Jenny Marlar
    The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, worsened in May, dropping to 43.9%, from 44.5% in April. P2P is also down from May 2012, when it was 44.4%. ... Gallup's P2P metric is an estimate of the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.
  • Employment Stagnation: Non-farm Payrolls Increased Only 88k, Not In Labor Force Skyrockets 663k

    04/05/2013 7:32:10 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 04/05/2013 | Anthony B. Sanders
    I am speaking to a group in Dallas on Monday on the housing market, specifically any headwinds to a full recovery. Today’s jobs numbers illustrate the headwinds to an economic and housing recovery. According to the Bureau of Labor Statistics (BLS), nonfarm payroll employment edged up in March (+88,000), and the unemployment rate was little changed at 7.6 percent. That is the good news. The bad news? The number of people not in the labor force which in March skyrocketed by 663,000 to a record 90 million. This was the biggest monthly increase in people dropping out of the labor...
  • Payrolls Plunge To 88K, Biggest Miss Since December 2009, Participation Rate At New 30 Year Low

    04/05/2013 5:36:53 AM PDT · by Perdogg · 44 replies
    So much for "open-ended QE driven recovery". Moments ago the March Non-farm payroll hit and it was a doozy, printing at 88K, below the lowest forecast of 100K, well below the expected number of 190K, and a tragedy compared to the February revised print of 268K (was 236K). This was the biggest miss to expectations since December 2009 and the worst print since June 2012. The unemployment rate declined to 7.6%, but this was due entirely to the collapse in the labor force participation rate, which declined by 20 bps to 63.3%, a new 30 year low. And now the...
  • ADP Data Brings Lower Expectations for Payrolls and Unemployment Friday

    04/03/2013 7:05:49 AM PDT · by John W · 9 replies
    247wallst.com ^ | April 3, 2013 | Jon C. Ogg
    We already saw a less robust outlook from TrimTabs showing that estimated job growth for March was 156,000. That was up from its 100,000 job growth February estimate, but the report shows that actual job growth is significantly weaker than the Labor Department reported in the first quarter and not enough to reduce the rate of unemployment. Now we have the ADP report coming in much weaker at 158,000, versus 192,000 projected by Dow Jones, and projected to be 205,000 in new payrolls by Bloomberg. Ads by Google These are merely preliminary attempts to benchmark the payrolls reports from the...
  • ADP: Private sector job growth slowed in March

    04/03/2013 6:27:13 AM PDT · by SeekAndFind · 4 replies
    CNN Money ^ | 04/03/2013 | By Tami Luhby
    The pace of hiring by private employers slowed last month. Only 158,000 jobs were added, according to a report issued Wednesday by payroll-processing firm ADP. This missed the consensus forecast from Briefing.com of 197,000 jobs, and was a sharp drop from February's job growth, which was revised upwards to 237,000 jobs added. "The job market continues to improve, but in fits and starts," said Mark Zandi, chief economist of Moody's Analytics. "Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended. Anticipation of health care reform may also be weighing on employment at companies with...
  • Bankrate: Payroll tax increase hits middle-income households hardest

    03/25/2013 10:35:25 AM PDT · by TurboZamboni · 14 replies
    baltimore sun ^ | 3-25-13 | Eileen Ambrose
    <p>Nearly half — 48 percent — of American workers haven’t noticed that more money is being taken out of their paychecks for the payroll tax that funds Social Security, according to a survey released today by Bankrate.com.</p> <p>In the previous two years, workers’ paid 4.2 percent of wages (on income of up to $113,700 this year) instead of 6.2 percent. But during last year’s tax negotiations to avoid the fiscal cliff, the payroll tax holiday wasn’t extended. Many predicted at the time that low-income workers would be the most hurt by the payroll tax going up 2 percentage points.</p>
  • Middle Class Taxes Just Went Up

    01/03/2013 9:38:08 PM PST · by RC one · 13 replies
    USNews ^ | January 2, 2013 | Rick Newman
    Obama Breaks Promise to Not Raise Taxes on the Middle Class. The headline news from the recent deal to avert the fiscal cliff is that Congress is raising tax rates on wealthy individuals for the first time in nearly two decades. Less noticed is something that may be equally momentous: Congress just raised taxes on the middle class as well.virtually every worker will still get a smaller paycheck in 2013, because of another tax measure that expired. Beginning in 2009, Congress cut the payroll tax—which helps finance Social Security—to put a bit of extra spending money in workers' pockets. The...
  • Waxman: (obsessive) GOP 'so stupid' to include Keystone pipeline in payroll tax package

    01/26/2012 4:50:38 PM PST · by Libloather · 9 replies
    The Hill ^ | 1/26/12 | Mike Lillis
    Waxman: GOP 'so stupid' to include Keystone pipeline in payroll tax packageBy Mike Lillis - 01/26/12 05:15 PM ET A senior Democrat on the payroll tax conference panel had some strong words Thursday for Republicans hoping to attach Keystone pipeline language to the package. "That is so stupid, already, for them to be pushing the Keystone pipeline issue in this bill, in this conference," Rep. Henry Waxman told reporters gathered near the Chesapeake Bay for the Democrats' annual caucus retreat. "The pipeline issue is one that the Republicans are obsessing over." The California Democrat suggested that a provision forcing approval...
  • Uncle Sam spending his way to financial disaster

    01/21/2012 6:05:33 AM PST · by cap10mike · 6 replies
    BizPacReview.com ^ | January 20, 2012 | Michael Dorstewitz
    Sam’s a profligate spender. No matter how much he earns, it’s never enough, and his mounting credit card debt is proof. Ironically, Sam is concerned about his retirement, so he takes a second, part-time job and deposits all those earnings into an IRA. While Sam’s personal finances are teetering on the edge, his retirement account is firmly planted on solid ground. Sam repeatedly raises the limit on his credit cards, but it doesn’t keep up with his lifestyle. His accountant is always on Sam’s case to follow a budget, but Sam hasn’t even prepared one. To ease some of the...
  • Congress punts hard payroll tax work to 2012 (Didn't Boehner warn everyone about that?)

    12/25/2011 12:26:35 AM PST · by Libloather · 17 replies
    Yahoo ^ | 12/23/11 | Richard Cowan and Rachelle Younglai
    Congress punts hard payroll tax work to 2012By Richard Cowan and Rachelle Younglai Reuters – Fri, Dec 23, 2011 WASHINGTON (Reuters) - President Barack Obama signed into law a two-month payroll tax cut extension on Friday, capping a year of fierce partisan combat over taxes and spending that will resume in January and play heavily in the 2012 elections. The Senate and the House of Representatives, by voice votes in chambers nearly emptied for the holidays, passed a $33 billion (21 billion pounds) bill to keep the payroll tax rate at 4.2 percent through February. It had been scheduled to...
  • The Democratic Party's War Against Promotions

    12/23/2011 5:20:47 PM PST · by jfd1776 · 2 replies
    The American Thinker ^ | December 23, 2011 A.D. | John F. Di Leo
    The December 2011 battle in Washington, D.C. -- a battle over continuing a Social Security tax-cut for another year, or even another two months -- demonstrates the differences between the parties in stark detail, both in terms of campaign methods and economic ideology. Most commentators have focused on the campaign methods: brilliant, isn't it, how the Democrats have turned the tables on the GOP, making it look like the GOP is fighting a tax cut? Pundits laugh at the "tax cut party" being put in the position of opposing a tax cut that all workers' pay, while simultaneously opposing the...
  • RUSH: We Stand for Principle Over Politics and the Establishment Can't Stand It

    12/23/2011 1:56:05 AM PST · by Yosemitest · 23 replies
    www.RushLimbaugh.com ^ | December 21, 2011 | Rush Limbaugh
    We Stand for Principle Over Politicsand the Establishment Can't Stand It December 21, 2011 BEGIN TRANSCRIPT RUSH: "House Democrats tried Wednesday to force a vote on the Senate’s two-month extension of the payroll-tax cut, but Republicans gaveled the House closed to prevent them from having a chance, as top GOP leaders huddled down the hall to try to figure a way out of the mess. The House was set to hold a pro forma session, but two top Democrats, Reps. Steny H. Hoyer and Chris Van Hollen, demanded to be recognized to try to force a vote on the...
  • The Hubbard City Cafe

    12/22/2011 10:51:47 PM PST · by HMBillson · 3 replies
    thehubbardcitycafeblogspot ^ | December 22, 2011 | Jim Hammock
    The Idiot In The White House I just watched an idiot on television. He was speaking to the American Public from the White House. He said that most Democrats and Republicans in the Senate passed a bill to stop a tax increase on 160 million Americans that he would sign. He said it is being held up by a faction of Republicans in the House. The idiot in chief said the average American would have their taxes raised by $1,000 on an annual basis. The idiot then said that would result in taking $40 per week from their paychecks. Any...
  • Gas Prices Hit Record High Averages in 2011 (Costs average family $4,155 more! Way to go Hussein!)

    12/22/2011 1:28:56 PM PST · by Recovering_Democrat · 62 replies · 1+ views
    kcrg.com ^ | 12/21/11 | Addison Speck
    ...this years average cost of fuel sets a new record. For 2011, the national average price for fuel is about $3.50 a gallon. That accounts for about 8.4% of the average American family’s income, the highest percentage in 30 years. The average American household will have spent, a record, $4,155 filling up this year. Though it’s not what some Eastern Iowans wanted to hear, for many it wasn’t a surprise.
  • Payroll Tax Cut Could End Social Security

    12/22/2011 12:06:01 PM PST · by Slyscribe · 22 replies
    Investor's Business Daily ^ | 12/22/2011 | David Hogberg
    Washington is engaging in a game of chicken over the payroll tax holiday, but this likely won't be the last time Congress and the White House try to extend it. Some say it will become a "permanently temporary" feature of American politics. And the consequences could be dramatic. "We could be having this conversation 15 years from now and talking about how President Obama, as a Democrat, was the president that started the path to killing Social Security," said Jason Fichtner, a senior fellow at the libertarian Mercatus Center.
  • VIDEO: President Obama Slams House Vote Against Payroll Tax Cut Deal, Calls Out Republicans

    12/20/2011 12:48:25 PM PST · by Nachum · 35 replies
    Fox News ^ | 12/20/11 | Fox News Insider
    Following a House vote today that effectively rejected the Senate’s tax cut bill, President Obama reacted strongly, saying that because of House Republicans’ “refusal to cooperate,” millions of Americans could lose their tax cut in 11 days. The president even admonished one House representative whom he said referred to the issue of the payroll tax cut extension debate as “high-stakes poker.” While Obama agreed the rep was “right about the stakes,” he said what’s happening in Congress is “not a game” for most
  • House GOP revolts on payroll deal

    12/17/2011 4:19:09 PM PST · by Yankee · 95 replies
    Politico ^ | 12-17-11 | John Allen and Jake Sherman
    House Republicans are in full revolt in the wake of Senate passage of a two-month payroll tax holiday package, casting serious doubt on the fate of a bill that already has President Barack Obama’s approval. Republican leaders were warned that they could expect a rebellion if lawmakers are forced to vote on the Senate version of the bill, according to a source on the line. After the call, it’s not clear whether Republican leaders will try to pass the bill with a combination of Republican and Democratic votes or try another version and bring the Senate back to town. Leadership...
  • Tax Hikes On Top Earners Won't Pay For Safety Net

    12/07/2011 7:14:42 AM PST · by Slyscribe · 2 replies
    Investor's Business Daily ^ | 12/6/2011 | Jed Graham
    As Occupy Wall Street turns its focus to D.C. this week, its long-term agenda seems to be higher taxes for the top 1% and firmer government support for everyone else. If so, then what the protesters want — even if they aren't saying it and almost certainly don't even realize it — is higher taxes for the 99%. America's progressive income tax system is not particularly well-suited to financing an expansive safety net.
  • NFP Less +103K Birth Death Adjustment = -23K; 530K Jobs Created In 2011 "Statistically"

    11/04/2011 6:02:36 AM PDT · by algernonpj · 6 replies
    ZeroHedge ^ | November 4, 2011 | Tyler Durden
    And back to the old gimmicks: the Birth Death adjustment has now "added" 530 jobs in 2011, and the October number of 102K is 31K greater than a year earlier. ...
  • The debt fallout: How Social Security went ‘cash negative’ earlier than expected (Obama's Fault)

    10/31/2011 3:51:02 AM PDT · by tobyhill · 17 replies
    washington post ^ | 10/31/2011 | By Lori Montgomery
    Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.” For most of its 75-year history, the program had paid its own way through a dedicated stream of payroll taxes, even generating huge surpluses for the past two decades. But in 2010, under the strain of a recession that caused tax revenue to plummet, the cost of benefits outstripped tax collections for the first time since the early 1980s. Now, Social Security is sucking money out of the Treasury. This year, it will add a projected...
  • ADP: September Private-Sector Jobs +91K Vs Expected +75K

    10/05/2011 7:48:23 AM PDT · by SeekAndFind · 10 replies
    Fox News ^ | 10/05/2011 | Kathleen Madigan
    NEW YORK -(Dow Jones)- Private businesses added slightly more than expected jobs in September, according to a report released Wednesday. But large companies cut jobs and thanks mostly to two enterprises cutting staff, layoff announcements last month jumped to the highest number in more than two years. Private-sector jobs in the U.S. rose by 91,000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers. Economists surveyed by Dow Jones Newswires had expected ADP would report a September gain of just 75,000. The August data were revised down to...
  • 5 Job Creation Ideas for Obama

    08/29/2011 6:21:48 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | August 29, 2011 | Lurita Doan
    Democrats are counting heavily on President Obama's upcoming Labor Day job creation speech to allay the fears of the stock market, the international investor community and the American people. Much like Waiting for Godot, there's been a lot of hype and chatter but very little action. In fact, considering Obama has no street creds in the area of job creation, and considering few of his advisors have ever created jobs, and considering that two of the most powerful Democrats in the House and the Senate represent the two states with the nation's highest unemployment, it's hard to imagine the president...
  • Leftist Admits: We Are All on the Payroll

    08/04/2011 9:47:14 AM PDT · by Nachum · 10 replies
    INN ^ | 8/4/11 | Gil Ronen
    Israel's leftists get money for being that way, says one of them in rare confession. Are Israel's leftists pure ideologues or guns for hire? Yotam Feldman, who was born into the leftist camp – his father is liberal lawyer Avigdor Feldman – believes the latter. In a Hebrew language post at the "Eretz HaEmori" blog, Feldman says that in his life, he has witnessed how Israel's "human rights movement" became a source of income for its activists. He relates how his father's old Subaru "gradually turned" into a BMW, and how the family moved from a rented apartment in Yafo...
  • Pawning Rolexes to make payroll

    08/02/2011 5:11:13 PM PDT · by DeaconBenjamin · 5 replies
    cnn.com ^ | August 2, 2011: 3:07 PM ET | By Catherine Clifford
    Squeezed by tight credit and tempted by record high gold prices, small business owners are finding an alternative to the bank: the pawn shop. More than half of the customers at online pawn shop, Pawngo, are small business owners, said Todd Hills, CEO of the Denver-based company. "These guys can't wait. They have businesses. They have employees they need to pay," said Hills. "This is a great way to solve a short-term need." Pawning is a relatively no muss, no fuss process, especially when compared to getting a bank loan. Like a bank loan, the customer is charged interest. Once...
  • Ignoring liberal Dems, Obama endorses longer payroll tax holiday through 2012

    06/30/2011 1:43:08 AM PDT · by Libloather · 15 replies · 1+ views
    The Hill ^ | 6/29/11 | Mike Lillis
    Ignoring liberal Dems, Obama endorses longer payroll tax holiday through 2012By Mike Lillis - 06/29/11 03:56 PM ET President Obama on Wednesday reiterated his push to extend an existing payroll tax holiday through 2012 – a move denounced by liberal Democrats who fear the reduction in revenues will undermine Social Security. “I think that it makes perfect sense for us to take a look at, can we extend the payroll tax, for example, an additional year,” Obama said during a lengthy press conference at the White House. The president said that strategy “puts money in people’s pockets at a time...
  • A tale of 2 employment surveys, at a glance

    05/08/2011 3:10:23 PM PDT · by george76 · 11 replies
    ap ^ | May. 06, 2011
    The economy gained 244,000 net jobs in April - the third straight month of solid gains. Yet the unemployment rate rose from 8.8 percent to 9 percent. How did that happen? It's because the government relies on two surveys for those figures, and they can diverge sharply from time to time. One is called the payroll survey. It asks companies and government agencies how many people they employ... The other is called the household survey. Government workers ask households about the employment status of adults living there. Those without jobs are asked whether they're looking for one. If they're not,...
  • Social Security advocates fear payroll tax cut (SS taxes "ought to be held sacrosanct")

    12/12/2010 9:11:36 AM PST · by Libloather · 19 replies · 1+ views
    Yahoo ^ | 12/12/10 | Stephen Ohlemacher
    Social Security advocates fear payroll tax cutBy Stephen Ohlemacher, Associated Press Sun Dec 12, 8:18 am ET WASHINGTON – President Barack Obama's plan to cut payroll taxes for a year would provide big savings for many workers, but makes Social Security advocates nervous that it could jeopardize the retirement program's finances. The plan is part of a package of tax cuts and extended unemployment benefits that Obama negotiated with Senate Republican leaders. It would cut workers' share of Social Security taxes by nearly one-third for 2011. Workers making $50,000 in wages would get a $1,000 tax cut; those making $100,000...
  • Payroll departments brace for congressional verdict on tax cuts

    09/27/2010 8:41:41 PM PDT · by Hillarys Gate Cult · 27 replies
    The Hill.com ^ | 09/26/10 | Jay Heflin
    The decision by Senate Democratic leaders to delay a vote on the Bush-era tax cuts until after the election has put the payroll industry on high alert. If Democratic leaders fail to determine the tax rates by Dec. 10, it could be too late for payroll administrators to withhold the right amount of tax from workers’ paychecks, according to industry officials. “The closer you get to the end of the year the more problems there’ll be,” Michael O’Toole, senior director of publications and government relations at the American Payroll Association (APA), told The Hill. “If [the IRS] issues [withholding tables]...
  • White House considers payroll tax holiday

    09/04/2010 6:43:00 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 51 replies
    washingtonpost ^ | September 3, 2010 | Ezra Klein
    The White House is considering a push for hundreds of billions of dollars in new stimulative spending, focusing on business tax cuts including a temporary cut in payroll taxes. In part, this is good policy. In part, it's necessary policy. Anne Kornblut and Lori Montgomery quote an unnamed Democratic strategist complaining that the White House has let the issues get away from them in advance of November's election. "'We did the mosque, Katrina, Iraq, and now Middle East peace?' said a Democratic strategist who works closely with multiple candidates and spoke on the condition of anonymity. 'And in between you...
  • Ft. Hood Shooter Continues on Military Payroll

    08/02/2010 9:24:00 PM PDT · by NY Hockey Mom · 9 replies · 3+ views
    The Lonely Conservative ^ | 8/3/10 | The Lonely Conservative
    Can you imagine someone working in the private sector going to work one day and going off on a deadly rampage, murdering a number of his coworkers and then continuing to receive paychecks from that employer? That’s exactly what is happening in the case of Major Nidal Hasan. Hasan gunned down his fellow soldiers and he’s still receiving a paycheck from the United States. Good grief! At least the banks are doing the right thing. ....
  • Sunlight on SEIU Part II: SEIU's White House Go To Man Still on Union Payroll in 2009

    04/13/2010 1:42:42 PM PDT · by Nachum · 2 replies · 276+ views
    big government ^ | 4/13/10 | Kyle Olson
    Earlier last year, ACORN founder Wade Rathke glowingly blogged that Patrick Gaspard, political director of the White House, was a former ACORN organizer. When that claim started receiving a bit of attention, Rathke offered a retraction, saying his memory was playing tricks on him. Right, Wade, right… What is indisputable about Patrick Gaspard is that at one time, he was the Executive Vice President of SEIU Local 1199, the New York City-based chapter that is the largest of all SEIU locals. At some point in late 2007 or early 2008, Gaspard allegedly left SEIU to join the Obama campaign.
  • Obama Proposes One-Year Extension of Payroll Tax Credit (tax cut launched by President Bush 8-o )

    02/01/2010 10:49:05 AM PST · by NormsRevenge · 5 replies · 682+ views
    CQPolitics on Yahoo ^ | 2/1/10 | CQPolitics
    After years of debate about whether to extend the tax cuts launched by President Bush, the Obama administration now wants to extend a tax cut of its own. Among the major tax provisions in the administration's fiscal 2011 budget is a one-year extension of the "Making Work Pay" tax credit, which was a critical part of President Obama's campaign platform and the 2009 stimulus law. The payroll tax credit is set to lapse at the end of 2010; extending it for a year would cost $61.2 billion. Obama has touted the tax cut's breadth, emphasizing at last week's State of...
  • US ECONOMY: August Payrolls Fall 216,000; Unemployment At 9.7%

    09/04/2009 7:26:18 AM PDT · by SeekAndFind · 51 replies · 1,718+ views
    Forbes ^ | 9/4/2009
    The US economy shed 216,000 jobs in August, less than the 276,000 lost last month and the 225,000 loss economists were expecting, the Labor Department reported today. With monthly job losses still elevated, the unemployment rate rose to 9.7% in August, its highest level since June 1983. Labor also revised June job losses from 443,000 to 463,000 and July job losses from 247,000 to 276,000, which together adds another 49,000 jobs lost over the last three months. Economists have said the economy needs to create about 100,000 jobs each month to keep up with new workers, but with August's numbers,...
  • Postal unions seek White House help on pay, benefits

    07/22/2009 8:43:18 AM PDT · by dynachrome · 18 replies · 658+ views
    Govexec.com ^ | 7-17-09 | Carrie Dann
    Four unions representing the nation's postal workers are pleading for a meeting with the White House to address possible funding shortfalls for workers' payroll and retiree health benefits, according to a letter obtained by CongressDaily. The letter alleges that USPS "may not be able to make payroll in October and will be forced to issue IOUs instead." Yvonne Yoerger, a spokeswoman for USPS, confirmed that the unions wrote the letter but disputed the claim that payroll deadlines will be missed.
  • Another steep drop in payrolls expected in April

    05/03/2009 7:00:37 PM PDT · by TigerLikesRooster · 38 replies · 1,231+ views
    Market Watch ^ | 05/03/09 | Rex Nutting
    Another steep drop in payrolls expected in April 580,000 lost jobs would be the least bad in six months By Rex Nutting, MarketWatch Last update: 10:13 a.m. EDT May 3, 2009 WASHINGTON (MarketWatch) - U.S. workers lost jobs at a devastating rate again in April, but the expected loss of 580,000 would be least bad since October, economists said. Compared with what the economy has just seen, 580,000 lost jobs might look good. But in absolute terms, it'd be horrible. Aside from the current recession, it would be in percentage terms the eighth worst month for job losses in the...
  • Tax holiday bill picks up steam

    12/14/2008 8:47:08 PM PST · by Sammy67 · 30 replies · 1,333+ views
    WorldNetDaily ^ | 12/14/08
    No other stimulus provision will be as immediate and as effective,' says small business lobby Posted: December 14, 2008 10:51 pm Eastern © 2008 WorldNetDaily WASHINGTON – Big business bailouts and "economic stimulus packages" are all the rage in the Capitol these days. Most involve massive transfers of wealth from taxpayers to government-directed projects. But a new and very different bill, proposed by a heretofore little-known congressman from Texas, is gaining traction from Republicans – and even a few Democrats, according to the sponsor. It's called "the tax-holiday plan." And one version of it picked up support from the National...
  • Gross pay inequity is simply bad business

    12/13/2008 7:42:52 AM PST · by Radix · 12 replies · 564+ views
    Boston Herald ^ | Saturday, December 13, 2008 | Garry Emmons
    How much is a CEO worth? What is appropriate compensation for the leader of a large and complex organization? The standard reply has always been, “Let the market decide.” Lately, though, markets have proven themselves to be spectacularly ill-suited to be the last word on just about any issue. Even before Alan Greenspan recently and belatedly figured it out, “the invisible hand” and “magic” of the markets were mostly what their airy nomenclature implies: figments of irrational economic exuberance. Markets have never been stand-alone forces of nature; rather they are shaped, controlled and guided by human beings as fallible and...
  • State's payroll soars under Schwarzenegger

    05/25/2008 8:15:30 AM PDT · by NormsRevenge · 35 replies · 133+ views
    SFGate.com ^ | 5/25/08 | Erin McCormick
    The state of California's payroll is skyrocketing, even as its budget deficit has grown to billions of dollars in recent months. In Gov. Arnold Schwarzenegger's first four years, the total bill for state workers' salaries jumped by 37 percent, compared with a 5 percent increase in the preceding four years under then-Gov. Gray Davis, a Chronicle analysis of state payroll records shows. One month before Schwarzenegger took office in November 2003, just eight state employees earned more than $200,000 a year working in the core state government, which excludes universities and the Legislature. In April of this year, there were...
  • Payroll report from ADP - WOW big number

    01/30/2008 6:22:23 AM PST · by q_an_a · 5 replies · 116+ views
    ADP ^ | 01.29.08 | ADP
    Nonfarm private employment grew 130,000 from December 2007 to January of 2008 on a seasonally adjusted basis, according to the ADP National Employment ReportTM. The estimated change in employment from November to December was revised down 3,000 to 37,000. January's increase of 130,000 is consistent with nonfarm private employment growth that averaged 110,000 during the three-month period from October through December 2007.
  • LAUSD (Los Angeles) payroll system price tag balloons - $ 210 Million!!

    12/17/2007 6:28:10 PM PST · by Loud Mime · 33 replies · 458+ views
    Los Angeles Daily News ^ | 12/15/2007 | Nash Boghossian
    Ten months after installing a new computerized payroll process that has been roiled by glitches, Los Angeles Unified officials now say costs for fixing the system and completing its rollout could top $210 million. The system, with an original price tag of $95 million, has underpaid or overpaid thousands of employees, and last week district officials said hiring consultants to fix it has already ballooned the cost to $132.5 million. And some officials are questioning the district's transparency on all the costs associated with the system, noting that at least $6 million will be forfeited by allowing some overpaid teachers...
  • A Bush Tax Increase?

    01/08/2007 1:46:00 AM PST · by GiovannaNicoletta · 20 replies · 966+ views
    Townhall.com ^ | January 8, 2007 | Robert D. Novak
    WASHINGTON -- More than the ascension of Nancy Pelosi & Co. was disturbing congressional Republicans last week. They worried that George W. Bush may proceed down the same path that made his father a one-term president. Thus, they ask this question: Will the current President Bush embrace a tax increase that would produce potential economic disaster and guaranteed political catastrophe?
  • Can N.J. afford the rising cost of teachers and cops?

    07/16/2006 7:31:59 PM PDT · by Coleus · 37 replies · 3,046+ views
    NorthJersey.com ^ | 07.16.06 | BOB IVRY
    We're grateful to our police officers. We count on them. We're proud of them.  Our state is going broke paying for them.  Same goes for teachers. We wish we could afford them, but we're having trouble.  We're having trouble paying for New Jersey's nearly 500,000 public employees. Especially at their current salaries and fringe benefits. Especially with New Jersey's property taxes among the steepest in the nation and rising.  Especially now that state officials have closed a $4.5 billion budget gap by raising taxes and cutting services while sidestepping the subject of how we compensate unionized public workers.  This isn't...
  • State, local government jobs jumped since 2000, In NJ the private sector stayed flat

    06/29/2006 9:36:00 PM PDT · by Coleus · 5 replies · 274+ views
    Star Ledger ^ | 06.25.06 | STEVE CHAMBERS AND ROBERT GEBELOFF
    New Jersey added 59,400 state and local-government jobs in the first half of this decade, even as private-sector employment was flat, a Star-Ledger analysis has found. The 11 percent increase in government jobs -- driven largely by ballooning education payrolls -- outpaced population growth and came at a time of rising anger over skyrocketing property taxes. "It's an incredible number that leaves private businessmen and taxpayers scratching their heads and saying, 'How is this possible?'" said Philip Kirschner, president of the New Jersey Business and Industry Association. "The economy is the same for all of us, so where are the...
  • 2003 Document: Saddam Ordered To Treat The Arab Feedayeen Terrorists The Same As Iraqi Soldiers

    04/20/2006 2:00:22 PM PDT · by jveritas · 99 replies · 8,067+ views
    Pentagon/FMSO Iraq Pre-War documents ^ | April 20 2006 | jveritas
    Document ISGQ-2004-00060580 is a memo that contains a direct order form Saddam Hussein in the middle of the war asking to treat the Arab Feedayeen i.e. the non Iraqi Foreign Arab Terrorists as equal as the Iraqi soldier in salary and benefits and not just any soldier but like those in the Special Forces. These are the same Arab terrorists who stayed in Iraq after the removal of the regime and caused those horrible attacks mostly on innocent civilians. This document is a follow on another document where the Iraqi were training Foreign Arab terrorist since the year 2000 (please...
  • Tale of Two Headlines

    11/04/2005 7:36:16 AM PST · by HDCochran · 16 replies · 769+ views
    New York Times, Associated Press | 11/4/05
    U.S. Economy Adds Fewer Jobs Than Expected in October (NYT) Payrolls Expand in Oct.; Jobless Rate Dips (AP)
  • FYI: Beware of Automatic Payroll Deposits

    06/14/2005 8:43:07 AM PDT · by The Ghost of FReepers Past · 46 replies · 752+ views
    The Ghost of FReepers Past
    Have you signed up with your employer for an automatic payroll deposit? Then be warned. The employer has access to your bank account for 5 days after the deposit is made. Technically, the employer can only debit your account to reverse an error. BUT IN REALITY, he can debit your account for the full amount of your check for any reason he chooses. Revenge. Coercion. Whatever. Your bank won't care; it's not their problem. His bank won't care, or they may fake it and just not call you back. The ACH people won't care. Mid-America Payment Exchange won't care (it's...
  • Social Security Hostage Crisis: Day 24,570

    04/25/2005 6:11:35 AM PDT · by hinterlander · 8 replies · 670+ views
    Human Events Online ^ | April 25, 2005 | Mac Johnson
    In January 1937 the Federal Government began taking Social Security taxes from the paychecks of Americans. Americans have been whining and voting to get their money back ever since. Election after election, year after year, the retirement that American workers are owed and have prepaid is held at virtual gunpoint by the same sort of politicians that 68 years ago sold the program as a new “freedom” -- freedom from worry in old age. Now old age is filled with worry about Social Security. Vote for me or the other guy will steal your Social Security.No, vote for me or...