Senate Finance Advances Retirement Package

The Senate Finance Committee advanced bipartisan retirement legislation this week, leaving lawmakers optimistic about getting a final bill through Congress this year. Senate Finance passed the Enhancing American Retirement Now (EARN) Act by a 28-0 vote. The EARN Act builds on the SECURE Act of 2019 by incentivizing more small businesses to adopt retirement plans,… Read more »

Delta Variant Likely Impacting Jobless Claims

The number of Americans seeking unemployment benefits jumped last week to 332,000 after reaching a pandemic-low 312,000 the week before. The increase in new applications for jobless aid could reflect the spread of the delta variant slightly increasing layoffs, the Washington Post reported. According to the Post, last week’s increase was also small and may… Read more »

Jobless Claims Fall to Pandemic Low

The number of people filing first-time unemployment claims dropped to 340,000 last week, which is the lowest level since the pandemic struck in March of last year. The Department of Labor report comes just before the monthly jobs report due on Friday, which is expected to show 725,000 jobs were added in August as the… Read more »

Nonprofits Challenge Trump-Era H-1B Visa Rules

A coalition of nonprofit groups are challenging a Trump administration rule that would change the H-1B work visa selection system from a random lottery to a system favoring higher-paid workers. The number of H-1B visas that can be issued each year is capped at 65,000, with an additional 20,000 visas available for workers with advanced… Read more »

U.S. Jobless Claims Drop to Pandemic Low

The number of Americans seeking unemployment benefits dropped last week to 473,000, a new low since the pandemic began impacting the U.S. workforce last March. Today’s report from the Labor Department showed that the number of weekly jobless claims has dropped significantly from a peak of 900,000 in January as more businesses have reopened and… Read more »