Papers presented at the ICES-III, June 18-21, 2007, Montreal, Quebec, Canada
|
|
- Jeremy Bridges
- 5 years ago
- Views:
Transcription
1 Future Developments In the Bureau of Labor Statistics Business Employment Dynamics Data By Kristin Fairman and Sheryl Konigsberg Division of Administrative Statistics and Labor Turnover Bureau of Labor Statistics I. Introduction The Business Employment Dynamics (BED) data series highlights the dynamics of the U.S. labor market by revealing the drivers underlying job growth. A fall in jobs lost or an increase in jobs gained can individually create job growth. Job growth as a result of a decline in the numbers of jobs lost has far different policy implications than job growth driven by an increase in job gains. BED data offer policy makers and others insight into the dynamics of job growth and the business cycle. Business dynamics data are currently available at a national level, by industry and by firm size class. Several new BED data series and extensions are under research and development. BED data at the State level are scheduled for release in August Annual BED data and a study of establishment and firm births and deaths and establishment age will follow. Finally, another ongoing development is the study of entrepreneurship related measures. II. What are Business Employment Dynamics? The BED data demonstrate the theory of creative destruction: the idea that jobs are constantly being created and destroyed by measuring the underlying dynamics of job growth in businesses and employment over time. Job growth is the net result of jobs being both created, or gained, and destroyed, or lost. BED data highlight the dynamics of job growth as well as the dynamics of job gains and job losses. Job gains are the sum of jobs created from existing establishments expanding their workforce and from new establishments opening with new hires. Job losses are the result of jobs destroyed, or lost, from both existing firms contracting their workforces and establishments closing their operations. Job gains, job losses, openings, closings, expansions and contractions are all components of BED data. The Bureau of Labor Statistic s (BLS) Quarterly Census of Employment and Wages (QCEW) is the data source for the BED statistics. The QCEW is a census of all U.S. establishments that have at least one employee and accounts for nearly 98 percent of all U.S. non-farm payrolls. The QCEW starts with administrative data from the businesses that report to the individual State s Unemployment Insurance (UI) system. Covering virtually all businesses, this mandatory reporting of business name, address, industry, employment and wages to the State s UI system is the framework for the nations most timely and complete census of businesses. BLS supplements these data with two additional data collections: the Annual Refilling Survey and the Multiple Worksite Report. First, each quarter, all businesses provide a list of all separate locations allowing BLS to provide accurate employment and wage information for each U.S. county and other areas. Second, BLS updates name, address, physical location, industry and other related information for one-third of all U.S. businesses each year on a threeyear cycle. Also, a careful review of employment and wage levels is conducted each quarter, at both the macro and micro-record level, looking at over-thequarter and over-the-year changes to ensure the changes are the result of economic events as opposed to administrative error. The goal of the review is to improve the quality of the incoming data to yield the highest quality data with timeliness, accuracy and relevance in the U.S. statistical system. As a universe the QCEW data are not subject to sampling or estimation error. In order to create a time-series for each establishment in the QCEW, the establishment data is linked over time to create a continuous history for each establishment. BED data are used to assess the business cycle, the level of labor market volatility and the effect of establishment level employment changes on aggregate employment. A decrease in employment stemming from a decrease in gross job gains has far different business cycle implications than a decrease in employment due to an increase in gross job losses. Many employment statistics only show the decrease in the aggregate employment level but BED data show not only a decline in overall employment but also the root of that decline, helping the business community, economists and policy-makers develop a more complete understanding of the business cycle. Chart 1 highlights gross job gains and gross job losses and Chart 2 highlights the four components that make up the BED data: openings, closings, 469
2 expansions and contractions for a 10-year period ending in September Charts 1 and 2 also illustrate the job-less recovery after the 2001 recession (indicated on both Charts by the gray bar) with job growth stemming from declining job losses and not an increase in job gains, which remained below pre-recession levels. The sum of gross job gains and gross job losses illustrates the total number of jobs that are either gained or lost in the economy over the course of one quarter, and may be considered a measure of job churn. BED data demonstrate the tremendous amount of consistent upheaval in a labor market of approximately 114 million jobs with an average of 15 million jobs turning over each quarter. The following sections address the BED data series that are currently available from 1992 onwards: national by industry and by firm size class, and the future developments in BED. Current research and development in BED consist of a near-endless progression of the series with increasing detail at both industry and geographic levels. These series consist of State and county data, annual data, business birth and death statistics, establishment age and survival and entrepreneurship related measures. III. Industry BED Data Overall national job gains remain below prerecession levels, however gross job gains in several industries have returned to pre-recession levels. The construction industry has seen positive job growth with job gains returning to pre-recession levels. This is, in part driven by low home mortgage rates leading families and individuals to increase their demand for new housing (89,000 jobs added in the first three quarters of 2006). As the baby boomers age, there is an increased demand for health care and health care workers spurring job gains in education and healthcare to return to pre-recession levels and positive job growth in recent quarters (291,000 jobs added in the first three quarters of 2006) as shown in Chart 3. Telling a different story, illustrated in Chart 4, the manufacturing sector continues to lose jobs with job gains remaining below pre-recession levels (89,000 jobs lost in the first three quarters of 2006). While the manufacturing sector is not gaining many new jobs, the rate at which the sector is destroying jobs is declining, down from a high of 6.4 percent in the second quarter of 2001 to 4.3 percent in the third quarter of Gross job gains and losses also remain below pre-recession levels in all other industries. All industries, except manufacturing, exhibit net job gains in recent quarters indicating job destruction fell more than job creation. 470
3 IV. Firm Size Class BED Data In third quarter 2006, firms with 1 to 4 employees and firms with greater than 1,000 employees shared the largest percentages of gross jobs gained and gross jobs lost. Predictably, the smallest size class, firms with 1 to 4 employees, was responsible for more than half of the jobs gained from openings and jobs lost from closings (59.1 percent and 59.2 percent, respectively in third quarter 2006) while the largest size class, firms with 1,000 plus employees, on average had the lowest share of jobs created from openings and jobs lost from closings (0.1 percent and 0.5 percent, respectively in third quarter 2006). The largest size class had the largest shares of jobs lost from contractions and jobs gained from expansions (19.8 percent and 19.9 percent, respectively in third quarter 2006). Although the largest share of jobs created through openings and the largest share of jobs destroyed from closings are attributed to firms with 1 to 4 employees, these same firms do not contribute the most to job growth. In recent quarters, firms with 1,000 or more employees and firms with employees have been the largest contributors to net job growth. Historically, however, no one size class accounts for being the largest contributor to growth. 471
4 Chart 5. Average quarterly share of net change for firms with 1 to 499 employees and firms with 500 or more employees during the business cycle to 499 Employess 500 or more Employees Share (percent) Recession 1990/2-1992/1 Expansion 1992/2-2001/1 Recession 2001/2-2003/2 Recovery 2003/3-2005/3 Business cycle period Note: Recession periods in this chart are based on when the BED data exhibited negative net changes and are longer than the NBER (National Bureau of Economic Research) designated date frames for both the 1991 and 2001 recessions. Source: Jessica Helfand, Akbar Sadeghi, and David Talan, Employment dynamics: small and large firms over the business cycle, Monthly Labor Review, March 2007, pp In the March 2007 issue of the Monthly Labor Review, Jessica Helfand and Akbar Sadeghi published an article highlighting some basic findings from the BED size class data. The article, Employment dynamics: small and large firms over the business cycle, indicates that small firms, those with 1 to 499 employees, create about 64 percent of new jobs in the U.S. economy. In addition, the share of growth of small firms is larger than their base share of employment. This growth causes small firms to become large, increasing the employment share of large firms over time. Helfand and Sadeghi also found that firms of different size classes behave differently throughout the phases of the business cycle. During the most recent economic recovery, the contribution of large firms to net job gains appears to come from a fall in the level of gross job losses, rather than increased job creation. The 1991 recession saw the bulk of net job losses occurring in small firms; while large firms generated the majority of job losses during the economic slowdown of 2001 (see Chart 5.) V. Firm Survival Firm survival is of particular interest to anyone starting a business or studying the business cycle and the behavior of new firms. Amy Knaup, in a May 2005 Monthly Labor Review article, Survival and Longevity in the Business Employment Dynamics Data, found that 66 percent of business establishments opening during the second quarter of 1998 were still in existence two years later and 44 percent were still in business four years later. Knaup found no significant differences in these survival rates across industries. A second paper, "Characteristics of Survival: Longevity of Business Establishments in the Business Employment Dynamics Data: Extensions," written by Merissa Piazza and Amy Knaup in December 2006 extends Knaup s original cohort an additional three years. The study found the original cohort had a 31 percent survival rate in the seventh year (see Chart 6). The number of firms exiting the economy declines at a slower rate after the first four years. In addition, survival rates across industries tend to stay consistent over time; in other words, industries with slightly lower survival rates than the average continued to have lower survival rates. 472
5 Source: Knaup, Amy and Merissa Piazza. Characteristics of Survival: Longevity of Business Establishments in the Business Employment Dynamics Data: Extensions, December VI. State BED Data One of the more immediate developments is BED data at the State level. This data series will be released in August In preparation for the release of State BED data, the BED staff conducted an extensive review of employment data for all 50 States and the District of Columbia. The review focused on identifying outliers, where openings, closings, expansions or contractions, were larger or smaller than the expected level in the State. Many of these outliers were caused by data entry errors or missed linkages and were corrected through manual corrections. Other outliers were determined to be a result of the business cycle or administrative errors and were not fixed. In addition to the review conducted by the BED staff, the States also reviewed their individual data. Some of the preliminary findings at the State level show the rates of gross job gains exceeded gross job losses in 21 States in the third quarter of 2006 (see Chart 7). Wyoming, with its strongly seasonal economy, had the highest rate of gross job gains while Alaska had the highest rate of gross job losses in third quarter 2006, the most recent quarter of available data. In third quarter 2006, preliminary data indicates the levels of gross job gains in only 9 States increased over the levels in those States reported in second quarter Over the same time period, 17 States experienced a decline in the levels of gross job losses. Five States, South Carolina, Kansas, Mississippi, Oklahoma and Nebraska, experienced an increase in gross job gains along with a decline in gross job losses according to early data. However, 30 States experienced both a decline in gross job gains and an increase in gross job losses from second to third quarter
6 Chart 7. Rates of Gross Job Gains, Gross Job Losses and Net Change by State, June September 2006, seasonally adjusted Rates of Gross Job Gains and Gross Job Losses Rate of Net Change 4.0 Alaska Minnesota Delaware Maine Michigan Montana New Hampshire Vermont Ohio Virginia Kentucky West Virginia Arkansas Maryland Georgia Nevada New Jersey Wisconsin Indiana Connecticut New York California Illinois Missouri National Alabama Colorado Florida Iowa Massachusetts Tennessee North Carolina Pennsylvania District of Hawaii New Mexico Rhode Island Nebraska Washington Mississippi Oklahoma Oregon South Dakota Wyoming Idaho North Dakota Utah Arizona Texas Louisiana Kansas South Carolina -3.0 Gross Job Gains Gross Job Losses Net change VII. Annual BED Data Research on annual BED data is currently under way. Annual BED data compare the employment at the end of one calendar year to employment at the end of the following year, breaking the net change down into its underlying components. Calculating annual BED data is not as simple as summing gross job gains, openings, expansions, gross job losses, contractions and closings for a calendar year. While a data user can sum the net employment change over a year for an annual number, the components can not be summed over the year because this would result in inaccurate counting of the data. For example, an establishment contracts by 50 employees in first and second quarter and then closes its operations, releasing its remaining 100 employees and ending the year out of business. From a quarterly perspective this is seen as a contraction in both first and second quarter of 50 employees and a closing of 100 in the third quarter. By simply adding the quarterly data, we would see a closing of 100 and a contraction of 100, which is not an accurate picture of the underlying annual dynamics. When looking at an annual perspective this establishment should be seen as a closing of 200 since it did exist at the end of the previous year but did not exist at the end of the current year. Therefore, a method was developed to link establishments involved in mergers, acquisitions or other business changes over the year and not just from one quarter to another. A record that both opens and closes during the year is not part of the annual tabulations since it has no impact on employment when comparing the end of one year to the end of the following year. Over calendar year 2005, the most recent year with a full year of data available, preliminary data indicates approximately 27.3 million jobs were created and destroyed. The U.S. labor market gained 14.7 million jobs and lost 12.6 million, resulting in a net increase of 2.1 million jobs to the economy. In addition to the 2.1 million new jobs, 126,000 new establishments were added to the business environment. VIII. Business Establishment Births and Deaths Currently underway is an analysis of establishment births and deaths using BED data. In addition to studying births and deaths, this analysis also allows us to determine an establishment s age. The current BED data does not refer to births and deaths but rather openings and closings. However, births are a 474
7 subset of openings and deaths are a subset of closings. The BED defines an opening as any establishment with positive employment that did not exist or was reporting zero employment in the one prior quarter while a birth is any establishment with positive employment that did not exist or had zero employment for the prior four quarters. Similarly, BED defines a closing as any establishment that was reporting positive employment in the one quarter but has zero employment or does not exist in the subsequent quarter while a death is any establishment that was reporting positive employment in the one quarter but has zero employment or does not exist in the four subsequent quarters. The difference between openings and births are seasonal re-openings and the difference between closings and deaths are temporary shut downs. In first quarter 2006, there were 219,000 births and 368,000 openings based on preliminary data. In first quarter 2005, there were 185,000 deaths and 348,000 closings based on preliminary data. Sources: Merissa Piazza and Amy Knaup, Establishment Characteristics of Survival: Longevity of Business Establishments in the Business Employment Dynamics Data: Extensions, December Amy Knaup, Survival and Longevity in the Business Employment Dynamics Data, Monthly Labor Review, May 2005, pp Jessica Helfand, Akbar Sadeghi, and David Talan, Employment dynamics: small and large firms over the business cycle, Monthly Labor Review, March 2007, pp IX. Entrepreneurship Measuring entrepreneurship is another area being studied. There are many different definitions of entrepreneurship and BLS is considering which definition best fits the needs of its data users and how BED data can be best used to provide the most relevant information on entrepreneurship. Since the data source used by BED, the QCEW, is a census of almost all U.S. establishments, it provides a rich source from which to study entrepreneurs. The intent of the entrepreneurship study is to examine characteristics of entrepreneurs such as survival rates, age, growth rates and size-of-employment change over time. In addition, BED entrepreneurship data can be combined with other demographic information for a more detailed analysis of the demographic characteristics of entrepreneurs. X. Conclusion Business Employment Dynamics (BED) offers a new perspective on the U.S. labor market by outlining the underlying components of the aggregate employment change in the economy. Since its initial publication of national data in 2003, the range of BED data has consistently been updated and improved in response to user demands with the release of industry data and size class data. In addition to the BED developments underway, other data series such as county and metropolitan statistical area (MSA) data and a study on establishment wages are presently being reviewed for possible publication in the future. 475
Union Members in New York and New Jersey 2018
For Release: Friday, March 29, 2019 19-528-NEW NEW YORK NEW JERSEY INFORMATION OFFICE: New York City, N.Y. Technical information: (646) 264-3600 BLSinfoNY@bls.gov www.bls.gov/regions/new-york-new-jersey
More informationCheckpoint Payroll Sources All Payroll Sources
Checkpoint Payroll Sources All Payroll Sources Alabama Alaska Announcements Arizona Arkansas California Colorado Connecticut Source Foreign Account Tax Compliance Act ( FATCA ) Under Chapter 4 of the Code
More informationState Individual Income Taxes: Personal Exemptions/Credits, 2011
Individual Income Taxes: Personal Exemptions/s, 2011 Elderly Handicapped Blind Deaf Disabled FEDERAL Exemption $3,700 $7,400 $3,700 $7,400 $0 $3,700 $0 $0 $0 $0 Alabama Exemption $1,500 $3,000 $1,500 $3,000
More informationIncome from U.S. Government Obligations
Baird s ----------------------------------------------------------------------------------------------------------------------------- --------------- Enclosed is the 2017 Tax Form for your account with
More informationThe Costs and Benefits of Half a Loaf: The Economic Effects of Recent Regulation of Debit Card Interchange Fees. Robert J. Shapiro
The Costs and Benefits of Half a Loaf: The Economic Effects of Recent Regulation of Debit Card Interchange Fees Robert J. Shapiro October 1, 2013 The Costs and Benefits of Half a Loaf: The Economic Effects
More informationThe Effect of the Federal Cigarette Tax Increase on State Revenue
FISCAL April 2009 No. 166 FACT The Effect of the Federal Cigarette Tax Increase on State Revenue By Patrick Fleenor Today the federal cigarette tax will rise from 39 cents to $1.01 per pack. The proceeds
More informationState Corporate Income Tax Collections Decline Sharply
Corporate Income Tax Collections Decline Sharply Nicholas W. Jenny and Donald J. Boyd The Rockefeller Institute Fiscal News: Vol. 1, No. 3 July 26, 2001 According to a report from the Congressional Budget
More informationKentucky , ,349 55,446 95,337 91,006 2,427 1, ,349, ,306,236 5,176,360 2,867,000 1,462
TABLE B MEMBERSHIP AND BENEFIT OPERATIONS OF STATE-ADMINISTERED EMPLOYEE RETIREMENT SYSTEMS, LAST MONTH OF FISCAL YEAR: MARCH 2003 Beneficiaries receiving periodic benefit payments Periodic benefit payments
More informationAnnual Costs Cost of Care. Home Health Care
2017 Cost of Care Home Health Care USA National $18,304 $47,934 $114,400 3% $18,304 $49,192 $125,748 3% Alaska $33,176 $59,488 $73,216 1% $36,608 $63,492 $73,216 2% Alabama $29,744 $38,553 $52,624 1% $29,744
More informationFederal Registry. NMLS Federal Registry Quarterly Report Quarter I
Federal Registry NMLS Federal Registry Quarterly Report 2012 Quarter I Updated June 6, 2012 Conference of State Bank Supervisors 1129 20 th Street, NW, 9 th Floor Washington, D.C. 20036-4307 NMLS Federal
More informationPay Frequency and Final Pay Provisions
Pay Frequency and Final Pay Provisions State Pay Frequency Minimum Final Pay Resign Final Pay Terminated Alabama Bi-weekly or semi-monthly No Provision No Provision Alaska Semi-monthly or monthly Next
More informationUndocumented Immigrants are:
Immigrants are: Current vs. Full Legal Status for All Immigrants Appendix 1: Detailed State and Local Tax Contributions of Total Immigrant Population Current vs. Full Legal Status for All Immigrants
More informationAIG Benefit Solutions Producer Licensing and Appointment Requirements by State
3600 Route 66, Mail Stop 4J, Neptune, NJ 07754 AIG Benefit Solutions Producer Licensing and Appointment Requirements by State As an industry leader in the group insurance benefits market, AIG is firmly
More informationSales Tax Return Filing Thresholds by State
Thanks to R&M Consulting for assistance in putting this together Sales Tax Return Filing Thresholds by State State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Filing Thresholds
More informationFingerprint, Biographical Affidavit and Third-Party Verification Reports Requirements
Updates to the State Specific Information Fingerprint, Biographical Affidavit and Third-Party Verification Reports Requirements State Requirements For Licensure Requirements After Licensure (Non-Domestic)
More informationState Income Tax Tables
ALABAMA 1 st $1,000... 2% Next 5,000... 4% Over 6,000... 5% ALASKA... 0% ARIZONA 1 1 st $10,000... 2.87% Next 15,000... 3.2% Next 25,000... 3.74% Next 100,000... 4.72% Over 150,000... 5.04% ARKANSAS 1
More informationMEDICAID BUY-IN PROGRAMS
MEDICAID BUY-IN PROGRAMS Under federal law, states have the option of creating Medicaid buy-in programs that enable employed individuals with disabilities who make more than what is allowed under Section
More informationImpacts of Prepayment Penalties and Balloon Loans on Foreclosure Starts, in Selected States: Supplemental Tables
THE UNIVERSITY NORTH CAROLINA at CHAPEL HILL T H E F R A N K H A W K I N S K E N A N I N S T I T U T E DR. MICHAEL A. STEGMAN, DIRECTOR T 919-962-8201 OF PRIVATE ENTERPRISE CENTER FOR COMMUNITY CAPITALISM
More informationTermination Final Pay Requirements
State Involuntary Termination Voluntary Resignation Vacation Payout Requirement Alabama No specific regulations currently exist. No specific regulations currently exist. if the employer s policy provides
More informationMotor Vehicle Sales/Use, Tax Reciprocity and Rate Chart-2005
The following is a Motor Vehicle Sales/Use Tax Reciprocity and Rate Chart which you may find helpful in determining the Sales/Use Tax liability of your customers who either purchase vehicles outside of
More informationQ Homeowner Confidence Survey Results. May 20, 2010
Q1 2010 Homeowner Confidence Survey Results May 20, 2010 The Zillow Homeowner Confidence Survey is fielded quarterly to determine the confidence level of American homeowners when it comes to the value
More informationMedia Alert. First American CoreLogic Releases Q3 Negative Equity Data
Contact Information Below Media Alert First American CoreLogic Releases Q3 Negative Equity Data First American CoreLogic, the first company to develop a national, state and city-level negative equity report,
More informationAbility-to-Repay Statutes
Ability-to-Repay Statutes FEDERAL ALABAMA ALASKA ARIZONA ARKANSAS CALIFORNIA STATUTE Truth in Lending, Regulation Z Consumer Credit Secure and Fair Enforcement for Bankers, Brokers, and Loan Originators
More informationMINIMUM WAGE WORKERS IN HAWAII 2013
WEST INFORMATION OFFICE San Francisco, Calif. For release Wednesday, June 25, 2014 14-898-SAN Technical information: (415) 625-2282 BLSInfoSF@bls.gov www.bls.gov/ro9 Media contact: (415) 625-2270 MINIMUM
More informationNation s Uninsured Rate for Children Drops to Another Historic Low in 2016
Nation s Rate for Children Drops to Another Historic Low in 2016 by Joan Alker and Olivia Pham The number of uninsured children nationwide dropped to another historic low in 2016 with approximately 250,000
More informationFingerprint and Biographical Affidavit Requirements
Updates to the State-Specific Information Fingerprint and Biographical Affidavit Requirements State Requirements For Licensure Requirements After Licensure (Non-Domestic) Alabama NAIC biographical affidavit
More informationMINIMUM WAGE WORKERS IN TEXAS 2016
For release: Thursday, May 4, 2017 17-488-DAL SOUTHWEST INFORMATION OFFICE: Dallas, Texas Contact Information: (972) 850-4800 BLSInfoDallas@bls.gov www.bls.gov/regions/southwest MINIMUM WAGE WORKERS IN
More informationFHA Manual Underwriting Exceeding 31% / 43% DTI Eligibility Quick Reference
Credit Score/ Compensating Factor(s)* No Compensating Factor One Compensating Factor Two Compensating Factors No Discretionary Debt Maximum DTI 31% / 43% 37% / 47% 40% / 50% 40% / 40% *Acceptable compensating
More informationFederal Rates and Limits
Federal s and Limits FICA Social Security (OASDI) Base $118,500 Medicare (HI) Base No Limit Social Security (OASDI) Percentage 6.20% Medicare (HI) Percentage Maximum Employee Social Security (OASDI) Withholding
More informationQ209 NATIONAL DELINQUENCY SURVEY FROM THE MORTGAGE BANKERS ASSOCIATION. Data as of June 30, 2009
NATIONAL DELINQUENCY SURVEY FROM THE MORTGAGE BANKERS ASSOCIATION Q209 Data as of June 30, 2009 2009 Mortgage Bankers Association (MBA). All rights reserved, except as explicitly granted. Data are from
More informationForecasting State and Local Government Spending: Model Re-estimation. January Equation
Forecasting State and Local Government Spending: Model Re-estimation January 2015 Equation The REMI government spending estimation assumes that the state and local government demand is driven by the regional
More informationThe table below reflects state minimum wages in effect for 2014, as well as future increases. State Wage Tied to Federal Minimum Wage *
State Minimum Wages The table below reflects state minimum wages in effect for 2014, as well as future increases. Summary: As of Jan. 1, 2014, 21 states and D.C. have minimum wages above the federal minimum
More informationEBRI Databook on Employee Benefits Chapter 6: Employment-Based Retirement Plan Participation
EBRI Databook on Employee Benefits Chapter 6: Employment-Based Retirement Plan Participation UPDATED July 2014 This chapter looks at the percentage of American workers who work for an employer who sponsors
More informationRecourse for Employees Misclassified as Independent Contractors Department for Professional Employees, AFL-CIO
Recourse for Employees Misclassified as Independent Contractors Department for Professional Employees, AFL-CIO State Relevant Agency Contact Information Online Resources Online Filing Alabama Department
More informationPAY STATEMENT REQUIREMENTS
PAY MENT 2017 PAY MENT Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia No generally applicable wage payment law for private employers. Rate
More informationA Study of Factors Impacting Resiliency
A Study of Factors Impacting Resiliency Place cover image here Brian Lewandowski Associate Director, Business Research Division June 13, 2017 Project Team Colorado Research Team: Brian Lewandowski Richard
More informationResidual Income Requirements
Residual Income Requirements ytzhxrnmwlzh Ch. 4, 9-e: Item 44, Balance Available for Family Support (04/10/09) Enter the appropriate residual income amount from the following tables in the guideline box.
More informationQ309 NATIONAL DELINQUENCY SURVEY FROM THE MORTGAGE BANKERS ASSOCIATION. Data as of September 30, 2009
NATIONAL DELINQUENCY SURVEY FROM THE MORTGAGE BANKERS ASSOCIATION Q309 Data as of September 30, 2009 2009 Mortgage Bankers Association (MBA). All rights reserved, except as explicitly granted. Data are
More informationTA X FACTS NORTHERN FUNDS 2O17
TA X FACTS 2O17 Northern Funds Tax Facts provides specific information about your Northern Funds investment income and capital gain distributions for 2017. If you have any questions about how to apply
More informationSTATE AND FEDERAL MINIMUM WAGES
2017 STATE AND FEDERAL MINIMUM WAGES STATE AND FEDERAL MINIMUM WAGES The federal Fair Labor Standards Act (FLSA) establishes minimum wage and overtime requirements for most employers in the private sector
More informationATHENE Performance Elite Series of Fixed Index Annuities
Rates Effective August 8, 05 ATHE Performance Elite Series of Fixed Index Annuities State Availability Alabama Alaska Arizona Arkansas Product Montana Nebraska Nevada New Hampshire California PE New Jersey
More informationTHE STATE OF THE STATES IN DEVELOPMENTAL DISABILITIES
THE STATE OF THE STATES IN DEVELOPMENTAL DISABILITIES Richard Hemp, Mary Kay Rizzolo, Shea Tanis, & David Braddock Universities of Colorado and Illinois-Chicago REINVENTING QUALITY CONFERENCE BALTIMORE,
More informationUnderstanding Oregon s Throwback Rule for Apportioning Corporate Income
Understanding Oregon s Throwback Rule for Apportioning Corporate Income Senate Interim Committee on Finance and Revenue January 12, 2018 2 Apportioning Corporate Income Apportionment is a method of dividing
More informationMapping the geography of retirement savings
of savings A comparative analysis of retirement savings data by state based on information gathered from over 60,000 individuals who have used the VoyaCompareMe online tool. Mapping the geography of retirement
More informationDATA AS OF SEPTEMBER 30, 2010
NATIONAL DELINQUENCY SURVEY Q3 2010 DATA AS OF SEPTEMBER 30, 2010 2010 Mortgage Bankers Association (MBA). All rights reserved, except as explicitly granted. Data are from a proprietary paid subscription
More informationChild Care Assistance Spending and Participation in 2016
Policy solutions that work for low-income people Child Care Assistance Spending and Participation in 2016 i Background The Child Care and Development Block Grant (CCDBG) is the primary federal funding
More informationWhite Paper 2018 STATE AND FEDERAL MINIMUM WAGES
White Paper STATE AND FEDERAL S White Paper STATE AND FEDERAL S The federal Fair Labor Standards Act (FLSA) establishes minimum wage and overtime requirements for most employers in the private sector and
More informationNOTICE TO MEMBERS CANADIAN DERIVATIVES CORPORATION CANADIENNE DE. Trading by U.S. Residents
NOTICE TO MEMBERS CANADIAN DERIVATIVES CORPORATION CANADIENNE DE CLEARING CORPORATION COMPENSATION DE PRODUITS DÉRIVÉS NOTICE TO MEMBERS No. 2002-013 January 28, 2002 Trading by U.S. Residents This is
More informationTaxes and Economic Competitiveness. Dale Craymer President, Texas Taxpayers and Research Association (512)
Taxes and Economic Competitiveness Dale Craymer President, Texas Taxpayers and Research Association (512) 472-8838 dcraymer@ttara.org www.ttara.org Presented to the Committee on Economic Competitiveness
More informationEstimating the Number of People in Poverty for the Program Access Index: The American Community Survey vs. the Current Population Survey.
Background Estimating the Number of People in Poverty for the Program Access Index: The American Community Survey vs. the Current Population Survey August 2006 The Program Access Index (PAI) is one of
More informationDFA INVESTMENT DIMENSIONS GROUP INC. DIMENSIONAL INVESTMENT GROUP INC. Institutional Class Shares January 2018
DFA INVESTMENT DIMENSIONS GROUP INC. DIMENSIONAL INVESTMENT GROUP INC. Institutional Class Shares January 2018 Supplementary Tax Information 2017 The following supplementary information may be useful in
More informationCLMS BRIEF 2 - Estimate of SUI Revenue, State-by-State
CLMS BRIEF 2 - Estimate of SUI Revenue, State-by-State Estimating the Annual Amounts of Unemployment Insurance Tax Collections From Individual States for Financing Adult Basic Education/ Job Training Programs
More informationCAPITOL research. States Face Medicaid Match Loss After Recovery Act Expires. health
CAPITOL research MAR health States Face Medicaid Match Loss After Expires Summary Medicaid, the largest health insurance program in the nation, is jointly financed by state and federal governments. The
More information2014 STATE AND FEDERAL MINIMUM WAGES HR COMPLIANCE CENTER
2014 STATE AND FEDERAL MINIMUM WAGES HR COMPLIANCE CENTER The federal Fair Labor Standards Act (FLSA), which applies to most employers, establishes minimum wage and overtime requirements for the private
More informationPhase-Out of Federal Unemployment Insurance
National Employment Law Project Phase-Out of Federal Unemployment Insurance FACT SHEET June 2012 As of June 2012, 24 states will no longer qualify for a portion of benefits under the federal Emergency
More information2012 RUN Powered by ADP Tax Changes
2012 RUN Powered by ADP Tax Changes Dear Valued ADP Client, Beginning with your first payroll with checks dated in 2012, you and your employees may notice changes in your paychecks due to updated 2012
More informationJANUARY 30 DATA RELEASE WILL CAPTURE ONLY A PORTION OF THE JOBS CREATED OR SAVED BY THE RECOVERY ACT By Michael Leachman
820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org January 29, 2010 JANUARY 30 DATA RELEASE WILL CAPTURE ONLY A PORTION OF THE JOBS CREATED
More informationFiscal Policy Project
Fiscal Policy Project How Raising and Indexing the Minimum Wage has Impacted State Economies Introduction July 2012 New Mexico is one of 18 states that require most of their employers to pay a higher wage
More informationRequired Training Completion Date. Asset Protection Reciprocity
Completion Alabama Alaska Arizona Arkansas California State Certification: must complete initial 16 hours (8 hrs of general LTC CE and 8 hrs of classroom-only CE specifically on the CA for LTC prior to
More informationMinimum Wage Laws in the States - April 3, 2006
1 of 15 Wage Laws in the States - April 3, 2006 Note: Where Federal and state law have different minimum wage rates, the higher standard applies. Wage and Overtime Standards Applicable to Nonsupervisory
More informationChapter D State and Local Governments
Chapter D State and Local Governments State and Local Governments contains detailed information on the taxes, revenues, and expenditures of states and localities. The public finances of these two levels
More informationInsurer Participation on ACA Marketplaces,
November 2018 Issue Brief Insurer Participation on ACA Marketplaces, 2014-2019 Rachel Fehr, Cynthia Cox, Larry Levitt Since the Affordable Care Act health insurance marketplaces opened in 2014, there have
More informationWorkers Compensation Coverage: Technical Note on Estimates
Workers Compensation October 2002 No. 2 Data Fact Sheet NATIONAL ACADEMY OF SOCIAL INSURANCE Workers Compensation Coverage: Technical Note on Estimates Prepared for the International Association of Industrial
More informationFAPRI Analysis of Dairy Policy Options for the 2002 Farm Bill Conference
FAPRI Analysis of Dairy Policy Options for the 2002 Farm Bill Conference FAPRI-UMC Report #04-02 April 11, 2002 Food and Agricultural Policy Research Institute University of Missouri 101 South Fifth Street
More informationJ.P. Morgan Funds 2018 Distribution Notice
J.P. Morgan Funds 2018 Distribution Notice To assist you in preparing your 2018 Tax returns, we re pleased to provide this distribution notice for your J.P.Morgan Fund investment. If you are unclear about
More information# of Credit Unions As of March 31, 2011
# of Credit Unions # of Credit Unins # of Credit Unions As of March 31, 2011 8,600 8,400 8,200 8,000 8,478 8,215 7,800 7,909 7,600 7,400 7,651 7,442 7,200 7,000 6,800 # of Credit Unions -Trend By Asset-Based
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. DRI Will Submit Credit For You To Your State Agency. (hours ethics included)
A d j u s t e r C r e d i t C E I n f o r m a t i o n INSURANCE COVERAGE AND CLAIMS INSTITUTE APRIL 3 5, 2019 CHICAGO, IL Delaware Georgia Louisiana Mississippi New Hampshire North Carolina (hours ethics
More informationIMPORTANT TAX INFORMATION
IMPORTANT TAX INFORMATION The following information about your enclosed 1099-DIV from s should be used when preparing your 2017 tax return. Form 1099-DIV reports dividends, exempt-interest dividends, capital
More informationHow Much Would a State Earned Income Tax Credit Cost in Fiscal Year 2018?
820 First Street NE, Suite 510 Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org www.cbpp.org Updated February 8, 2017 How Much Would a State Earned Income Tax Cost in Fiscal Year?
More informationEconomic Impacts of Wait Times for Commercial Driver s Licenses Skills Tests
Economic Impacts of Wait Times for Commercial Driver s Licenses Skills Tests Nam D. Pham, Ph.D. Mary Donovan January 2019 Economic Impact of Wait Times for Commercial Driver s Licenses Skills Tests Nam
More informationProviding Subprime Consumers with Access to Credit: Helpful or Harmful? James R. Barth Auburn University
Providing Subprime Consumers with Access to Credit: Helpful or Harmful? James R. Barth Auburn University FICO Scores: Identifying Subprime Consumers Category FICO Score Range Super-prime 740 and Higher
More informationSTATE MINIMUM WAGES 2017 MINIMUM WAGE BY STATE
STATE MINIMUM WAGES 2017 MINIMUM WAGE BY STATE The table below, created by the National Conference of State Legislatures (NCSL), reflects current state minimum wages in effect as of January 1, 2017, as
More informationMetrics and Measurements for State Pension Plans. November 17, 2016 Greg Mennis
Metrics and Measurements for State Pension Plans November 17, 2016 Greg Mennis Fiscal Sustainability Metrics Net Amortization Measures whether contributions are sufficient to reduce pension debt if plan
More informationMutual Fund Tax Information
2008 Mutual Fund Tax Information We have provided this information as a service to our shareholders. Thornburg Investment Management cannot and does not give tax or accounting advice. If you have further
More informationMutual Fund Tax Information
Mutual Fund Tax Information We have provided this information as a service to our shareholders. Thornburg Investment Management cannot and does not give tax or accounting advice. If you have further questions
More informationExhibit 57A. Approved Attorney Fees and Title Expenses
Exhibit 57A Approved Attorney Fees and Title Expenses Written pre-approval from Freddie Mac is required before incurring any expense in excess of any of the below amounts. See Sections 9701.11 and 9701.15
More informationState Unemployment Insurance Tax Survey
444 N. Capitol Street NW, Suite 142, Washington, DC 20001 202-434-8020 fax 202-434-8033 www.workforceatm.org State Unemployment Insurance Tax Survey NATIONAL ASSOCIATION OF STATE WORKFORCE AGENCIES April
More informationS T A T E INSURANCE COVERAGE AND PRACTICE SYMPOSIUM DECEMBER 7 8, 2017 NEW YORK, NY. DRI Will Submit Credit For You To Your State Agency
A d j u s t e r C r e d i t C E I n f o r m a t i o n INSURANCE COVERAGE AND PRACTICE SYMPOSIUM DECEMBER 7 8, 2017 NEW YORK, NY Delaware Pending Georgia Pending Louisiana Pending Mississippi 12.00 New
More informationTotal state and local business taxes
Total state and local business taxes State-by-state estimates for fiscal year 2017 November 2018 Executive summary This study presents detailed state-by-state estimates of the state and local taxes paid
More informationNumber of Estates Owing Federal Estate Taxes in 2006 and 2007 by State
CTJ December 3, 2008 Citizens for Tax Justice Contact: Steve Wamhoff (202) 299-1066 x33 Latest State-by-State Data Show Why Obama Should Scale Back His Proposal to Cut the Federal Estate Tax New estate
More informationSupporting innovation and economic growth. The broad impact of the R&D credit in Prepared by Ernst & Young LLP for the R&D Credit Coalition
Supporting innovation and economic growth The broad impact of the R&D credit in 2005 Prepared by Ernst & Young LLP for the R&D Credit Coalition April 2008 Executive summary Companies of all sizes, in a
More informationIf the foreign survivor of the merger is on the record what do you require?
Topic: Question by: : Foreign Mergers Tracy M. Sebranek Maine Date: December 17, 2013 Manitoba Corporations Canada Alabama Alaska Arizona We require only a certified copy of the merger documents, as long
More informationSTATE EMPLOYMENT AND UNEMPLOYMENT JANUARY 2019
For release 10:00 a.m. (EDT) Monday, March 11, 2019 USDL-19-0398 Technical information: Employment: Unemployment: Media contact: (202) 691-6559 sminfo@bls.gov www.bls.gov/sae (202) 691-6392 lausinfo@bls.gov
More informationTax Recommendations and Actions in Other States. Joel Michael House Research Department June 9, 2011
Tax Recommendations and Actions in Other States Joel Michael House Research Department June 9, 2011 Governors FY 2012 Recommendations 12 governors recommend net revenue (tax and fee) increases 12 governors
More informationS T A T E TURNING THE TABLES ON PLAINTIFFS IN TRUCKING LITIGATION APRIL 26 27, 2018 CHICAGO, IL. DRI Will Submit Credit For You To Your State Agency
A d j u s t e r C r e d i t C E I n f o r m a t i o n TURNING THE TABLES ON PLAINTIFFS IN TRUCKING LITIGATION APRIL 26 27, 2018 CHICAGO, IL Delaware Georgia Louisiana Mississippi New Hampshire North Carolina
More information8, ADP,
2013 Tax Changes Beginning with your first payroll with checks dated in 2013, employees may notice changes in their paychecks due to updated 2013 federal and state tax requirements. This document will
More informationECONOMIC IMPACT OF LOCAL PARKS FULL REPORT
ECONOMIC IMPACT OF LOCAL PARKS AN EXAMINATION OF THE ECONOMIC IMPACTS OF OPERATIONS AND CAPITAL SPENDING BY LOCAL PARK AND RECREATION AGENCIES ON THE UNITED STATES ECONOMY FULL REPORT Center for Regional
More informationTotal state and local business taxes
Total state and local business taxes State-by-state estimates for fiscal year 2016 August 2017 Executive summary This study presents detailed state-by-state estimates of the state and local taxes paid
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. DRI Will Submit Credit For You To Your State Agency. (hours ethics included)
A d j u s t e r C r e d i t C E I n f o r m a t i o n STRIKING BACK AGAINST THE REPTILE IN MEDICAL MALPRACTICE AND LONG TERM CARE CASES JUNE 13, 2018 CHICAGO, IL S T A T E Delaware Georgia Louisiana Mississippi
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. Pending. DRI Will Submit Credit For You To Your State Agency.
A d j u s t e r C r e d i t C E I n f o r m a t i o n STRIKING BACK AGAINST THE REPTILE IN MEDICAL MALPRACTICE AND LONG TERM CARE CASES JUNE 13, 2018 CHICAGO, IL P O S T S E M I N A R A C T I O N Delaware
More informationSECTION 109 HOST STATE LOAN-TO-DEPOSIT RATIOS. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance
SECTION 109 HOST STATE LOAN-TO-DEPOSIT RATIOS The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (the agencies)
More informationAiming. Higher. Results from a Scorecard on State Health System Performance 2015 Edition. Douglas McCarthy, David C. Radley, and Susan L.
Aiming Higher Results from a Scorecard on State Health System Performance Edition Douglas McCarthy, David C. Radley, and Susan L. Hayes December The COMMONWEALTH FUND overview On most of the indicators,
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. DRI Will Submit Credit For You To Your State Agency. (hours ethics included)
A d j u s t e r C r e d i t C E I n f o r m a t i o n NURSING HOME/ALF LITIGATION SEPTEMBER 13 14, 2018 NEW ORLEANS, LA Delaware Georgia Louisiana Mississippi New Hampshire North Carolina (hours ethics
More informationState Tax Treatment of Social Security, Pension Income
State Tax Treatment of Social Security, Pension Income The following chart Provides a general overview of how states treat income from Social Security and pensions for the 2016 tax year unless otherwise
More informationSTATE EMPLOYMENT AND UNEMPLOYMENT JUNE 2018
For release 10:00 a.m. (EDT) Friday, July 20, USDL-18-1183 Technical information: Employment: Unemployment: Media contact: (202) 691-6559 sminfo@bls.gov www.bls.gov/sae (202) 691-6392 lausinfo@bls.gov
More informationAmerican Economics Group Clear and Effective Economic Analysis. American Economics Group
Presentation for: Federation Clear of and Tax Effective Administrators Economic Analysis 9/22/03 Charles W. de Seve, Ph.D. www.americaneconomics.com The Economy is Recovering : The National Economic Setting
More informationADDITIONAL REQUIRED TRAINING before proceeding. Annuity Carrier Specific Product Training
American Equity REQUIRED CARRIER SPECIFIC TRAINING (CST) INSTRUCTIONS Annuity Carrier Specific Product Training and state mandated NAIC Annuity Training (see STATE ANNUITY SUITABILITY TRAINING REQUIREMENT
More informationCHAPTER 6. The Economic Contribution of Hospitals
CHAPTER 6 The Economic Contribution of Hospitals Chart 6.1: National Health Expenditures as a Percentage of Gross Domestic Product and Breakdown of National Health Expenditures, 2014 U.S. GDP 2014 $3.03
More information820 First Street, NE, Suite 510, Washington, DC Tel: Fax:
820 First Street, NE, Suite 510, Washington, DC 20002 Tel: 202-408-1080 Fax: 202-408-1056 center@cbpp.org http://www.cbpp.org June 26, 2002 THE IMPORTANCE OF USING MOST RECENT WAGES TO DETERMINE UNEMPLOYMENT
More informationWhat is your New Financing Statement Fee? What is your Amendment Fee (include termination fee if a different amount)?
Topic: UCC Filing Fee Information Question By: Tana Gormely Jurisdiction: Montana Date: 03 April 2012 Jurisdiction Alabama Alaska Arizona Arkansas California Question(s) What is your New Financing Statement
More information