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May Consumer Spending and Income

KEY DATA: Consumption: +0.4%; Disposable Income: +0.2%; Prices: +0.2%/ Pending Sales: -3.7% IN A NUTSHELL: “The consumer is back spending and that should lead to solid second quarter growth.” WHAT IT MEANS: You can talk about Brexit and the Fed all you like, but what...

June Consumer Confidence

KEY DATA: Confidence: +5.6 points: GDP: +1.1% (up from 0.8%); National Home Prices: +0.1%; Year-over-Year: +5% IN A NUTSHELL: “When the dust settles on Brexit, it will be consumer spending that will determine the course of the U.S. economy and we need to wait a while...

DOL Updates Persuader Rule

The Department of Labor (DOL) recently changed what it considers reportable “persuader” activity under the Labor-Management Relations Act. Any agreements entered on or after July 1, 2016 with attorneys or consultants to provide a number of common services...

[Survey]: New FLSA Regulations

Learn How Your Peers are Preparing By Participating in this Short Survey </center/>The Department of Labor has communicated a rule change to raise the exempt employee salary threshold from $455/week to $913/week. Responding to this change has presented...

April Job Openings, Hires and Quits

KEY DATA: Openings: +118,000; Hires: -198,000; Quits: -36,000 IN A NUTSHELL: “Hiring may be slowing, but it is not because the need for workers is declining.” WHAT IT MEANS: We have had two consecutive disappointing payroll numbers and it is unclear if that is due to...