Bill would increase federal minimum wage to $11 an hour
By
Kathleen Steele Gaivin
Sep 15, 2023
Republican senators Bill Cassidy (LA), Susan Collins (ME), Shelley Moore Capito (WV), Tom Cotton (AR), Mitt Romney (UT) and JD Vance (OH) on Wednesday introduced a bill that would gradually increase the...
Parts of Texas, Arkansas see greatest gains in per-capita income over 4 decades
By
Kathleen Steele Gaivin
Sep 08, 2023
Per-capita income rankings among the 110 largest metropolitan areas in the United States — areas with populations of 500,000 or more — have changed little since 1980, according to a recent blog post...
Demand for healthcare workers still outpaces supply
By
Kathleen Steele Gaivin
Sep 06, 2023
Although the unemployment rate sits at 3.8% as of Friday, the healthcare industry remains an outlier.
Proposed overtime rule would worsen workforce, resident access issues, provider groups fear
By
Lois A. Bowers
Aug 31, 2023
A Labor Department-proposed rule that would make approximately 3.6 million more salaried workers and so-called highly compensated employees eligible for overtime pay is “ill-timed” and would worsen...
Healthcare execs eye new revenue streams, talent retention, survey finds
By
Alicia Lasek
Aug 29, 2023
US companies are upbeat about the future, focused on reinvention and less concerned about recessionary trends, according to PwC’s August 2023 Pulse Survey. But healthcare leaders cited talent retention...
Health issues limit work potential for a fifth of younger baby boomers
By
Alicia Lasek
Aug 29, 2023
Health-related issues appear to be hampering the job prospects of the baby boomer population’s youngest cohort, according to new data from the Bureau of Labor Statistics.
Ending, delaying retirement pondered by half of Americans in survey
By
Kathleen Steele Gaivin
Aug 24, 2023
Fifty percent of pre-retirees and retired workers are considering delaying or coming out of retirement, respectively, according to the results of a survey from F&G Annuities & Life.
Senior living construction backlogs hold steady
By
Kathleen Steele Gaivin
Aug 23, 2023
Backlogs for senior living construction projects are holding steady. Commodity prices have improved for some products, but labor rates continue to increase.
Soft landing more likely than recession, according to economists
By
Kathleen Steele Gaivin
Aug 22, 2023
As the Federal Reserve raised interest rates since March to their highest level in 22 years in an effort to slow inflation, economists braced for what many experts considered to be an inevitable recession...
Late boomers lag in retirement savings: report
By
Kathleen Steele Gaivin
Aug 17, 2023
Late boomers — those born between 1960 and 1965 at the tail end of the post-World War II baby boom — are not faring well when it comes to retirement savings. That’s according to a report published...