U.S. Labor Department Proposing Rule to Boost Overtime Pay Eligibility for Salaried Workers

The U.S. Department of Labor issued notice Wednesday of a proposal to increase the threshold for required overtime payments to salaried workers whose weekly or annual wages are considered low income.

If enacted, the proposed rule would guarantee overtime pay for most salaried employees earning less than $1,059 per week, or about $55,000 per year. It also calls for an “escalator” that automatically updates the salary threshold every three years to reflect current earnings data. The Labor Department estimates the rule could apply to about 3.6 million workers nationwide.

Read More

Criminals Stealing Unemployment Benefits as Claims Surge

Criminals are seizing on a surge in job losses to steal unemployment benefits from Americans nationwide. This complicates an already tough situation for millions of financially strapped Americans and overwhelmed state unemployment offices.

While there’s no exact measure of how many fraudulent claims have been made, states from Washington to Maine say they’ve seen an increase and numerous federal agencies are working to fight it.

Read More

6.6 Million More US Workers Claim Jobless Benefits

Another 6.6 million U.S. workers filed for unemployment compensation last week as the coronavirus pandemic continues to wreak havoc on the American economy, the U.S. Labor Department reported Thursday.

The new figure pushed the three-week total to more than 16 million workers looking for financial assistance, with millions more laid-off employees expected to file claims in the coming weeks as businesses large and small shut their operations or severely limit them.

Read More