In February of 2015, President Obama called on the Department of Labor (DOL) to update the rules and requirements for retirement advice. The administration stated that its goal would be to end loopholes that allow some advisors to put their own profits ahead of their clients’ best interests. In response to this request, the DOL … Continue reading
This past summer, the Department of Labor (DOL) unveiled a proposed rule that could provide almost five million new workers with overtime protections. Currently, overtime regulations apply only to those earning $455 or lower weekly. If implemented, this new rule would increase the salary threshold up to $970 a week. This threshold is equivalent to … Continue reading
Supplemental Nutrition Assistance Program The 2009 Recovery Act was scheduled to have its boost to Supplemental Nutrition Assistance Program (SNAP) reduced when it expired on November 1. For households of three, this will be reduced by $29/month reducing monthly assistance from $63 to $37, Single person households’ SNAP benefits will be cut $11/month, and two-person … Continue reading
The Reality of Unemployment in the Youth Unemployed persons are typically defined by the Department of Labor as people who are not employed but are actively seeking a job. When the Department of Labor measures youth unemployment they take measurements in April and gather numbers through July. April is the beginning of hiring for the … Continue reading
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