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Maxing out your 401 might not be enough to have a secure retirement

“Saving for retirement in a 401(k) plan is a great choice” writes Alessandra Malito for marketwatch.com. A better idea is to have a financial plan to accompany that account.According to its study, participants with access to an online financial program in the workplace increased their contributions to retirement accounts by an average of 40%.The Boston-based financial firm has created a new feature for employers to incorporate into their managed account products for 401(k) and 403(b) plans. Source: marketwatch.com Share This:

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Employers will do almost anything to find workers to fill jobs — except offer higher pay

“As a reflection, if not a cause, of this trend, wages have been stagnant since the early 1980s” writes Michael Hiltzik for latimes.com. To the extent there has been job growth, it has been at the lower end of the income scale, in part because wage scales for what once were middle-class or lower-middle-income jobs have been downsized. Source: latimes.com Share This:

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US unemployment rate jumps even though employers add more jobs than expected

“The unemployment rate increased because more people were looking for jobs; the labor-force participation rate rose to 62.9% from 62.7%” writes Akin Oyedele for businessinsider.com. Mike Segar/Reuters The US economy added 213,000 jobs in June, more than expected, while the unemployment rate jumped to 4%, according to the jobs report released by the Bureau of Labor Statistics on Friday.Economists had forecast that employers added 195,000 payrolls last month, according to the median estimate compiled by Bloomberg.June was a record 93rd straight month in which private-sector employers hired more people than…

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U.S. added 213,000 jobs in June; unemployment rose to 4 percent

“Signs of economic strength have helped bolster hiring despite the difficulty many employers say they’re having in finding enough qualified workers to fill jobs” writes Josh Boak for sun-sentinel.com. Still, economists say they think the low unemployment rate will eventually force more employers to offer higher pay in order to fill jobs.U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a trade war with China.The low jobless rate has yet to force employers to offer higher…

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Judge blocks 1 California sanctuary law, allows 2 others

“California says its policies promote trust between immigrant communities and law enforcement” writes The Associated Press for seattletimes.com. California has resisted the administration’s effort to restrict funding to sanctuary jurisdictions if they refuse to help federal agents detain and deport immigrants.The lawsuit considered by Mendez argued that the U.S. Constitution gives the federal government pre-eminent power to regulate immigration, and California can’t obstruct enforcement efforts.The decision came in a lawsuit filed against the state by the Trump administration seeking to block all three laws.The law requiring inspections of detention facilities…

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Florida job cuts double in June, but longer trend still shows layoffs declining

“South Florida’s unemployment declines: ‘Best time to look for a job,’ economist says Employees at growing Davie company get to know each other during ‘coffee break’ at nearby cafe Florida job cuts double in June, but longer trend still shows layoffs declining” writes Marcia Heroux Pounds for sun-sentinel.com. Employers have announced 245,179 cuts through June — 8 percent more than the 227,000 cuts announced through June of last year.But year-to-date, job cuts were down 6 percent from the same period a year ago: 8,163 compared with 8,684.There were also 96…

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Employees expect more perks from their companies

“US companies are increasingly providing employees with more benefits and perks to both lure and retain the best talent” writes Elisabeth Buchwald for nypost.com. Only 48 percent of employees know all of the perks their employers offer, according to the Randstad survey.Whether it’s free yoga or meditation classes or discounts on movie tickets or restaurants, not employees take advantage of such perks.Many employees want Facebook-style perks Still, job hunters look at the perks offered by cash-rich companies like Google which offers cooking classes and Facebook which has a bike repair…

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New York to Investigate Claims of Pregnancy Discrimination at 4 Companies

“Andrew M. Cuomo of New York directed a state agency on Wednesday to investigate allegations of pregnancy discrimination at Walmart, Merck, Novartis and Glencore” reports nytimes.com. Cuomo said the agency, the Division of Human Rights, also planned to run ads on New York City subways to raise awareness about pregnancy discrimination.Cuomo’s office said. “Discrimination against those who are pregnant is illegal, and we will hold employers who violate the law fully accountable,” Mr. Source: nytimes.com Share This:

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