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THE BIG LIST OF TAX-CUT RESULTS FOR THE PEOPLE
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2017 Dec 24, 12:26pm 16,849 views 66 comments
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62
MrMagic
2018 Jan 31, 8:58am
MrMagic
2018 Jan 31, 8:58am
Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody's Analytics.
Private companies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody's Analytics.
Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody's Analytics.
Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
On the goods-producing side, manufacturing added 12,000 jobs while construction saw 9,000 new hires despite the traditionally slow month for the industry.
In terms of company size, ADP reported that new hires were evenly distributed. Mid-sized firms (50 to 499 workers) led with 91,000, while large companies added 85,000 and small businesses hired 58,000.
https://www.cnbc.com/2018/01/31/private-jobs-up-234k-in-january-vs-185k-est-adp-moodys-analytics.html
Private companies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody's Analytics.
Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody's Analytics.
Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
On the goods-producing side, manufacturing added 12,000 jobs while construction saw 9,000 new hires despite the traditionally slow month for the industry.
In terms of company size, ADP reported that new hires were evenly distributed. Mid-sized firms (50 to 499 workers) led with 91,000, while large companies added 85,000 and small businesses hired 58,000.
https://www.cnbc.com/2018/01/31/private-jobs-up-234k-in-january-vs-185k-est-adp-moodys-analytics.html
63
anonymous
2018 Jan 31, 9:20am
Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
Wait a minute, wut?
I thought they were all beautiful full time manufacturing jobs? Only 10% of the jobs are outside of service industry? Yikes.
Wait a minute, wut?
I thought they were all beautiful full time manufacturing jobs? Only 10% of the jobs are outside of service industry? Yikes.
64
MrMagic
2018 Jan 31, 3:45pm
MrMagic
2018 Jan 31, 3:45pm
Hostess Brands Rewards Employees with Bonuses of More Than $1,000 Following New Tax Reform Law.
KANSAS CITY, Mo.--(Business Wire)--Hostess Brands, Inc. today announced that, following the recently enacted tax legislation, the snack cake maker will be providing bonuses totaling $1,250 to its 1036 hourly bakery and corporate employees. The bonuses will include $750 in cash and a $500 401k contribution.
To further sweeten the benefit, Hostess is also offering a year’s worth of free product to all employees. A representative from each bakery location will choose a “product of the week” for the bakery and all employees will be eligible to take home one multi-pack of the week’s selection, every week for a year.
http://www.digitaljournal.com/pr/3641788
KANSAS CITY, Mo.--(Business Wire)--Hostess Brands, Inc. today announced that, following the recently enacted tax legislation, the snack cake maker will be providing bonuses totaling $1,250 to its 1036 hourly bakery and corporate employees. The bonuses will include $750 in cash and a $500 401k contribution.
To further sweeten the benefit, Hostess is also offering a year’s worth of free product to all employees. A representative from each bakery location will choose a “product of the week” for the bakery and all employees will be eligible to take home one multi-pack of the week’s selection, every week for a year.
http://www.digitaljournal.com/pr/3641788
65
MrMagic
2018 Jan 31, 3:47pm
MrMagic
2018 Jan 31, 3:47pm
Lowe's to give some employees bonuses of up to $1,000 and expand benefits due to tax reform.
Lowe's will follow rival Home Depot in giving thousands of its hourly employees a one-time bonus of up to $1,000 due to new tax legislation, according to an internal company memo reviewed by CNBC on Wednesday.
The bonuses will be based on an employee's length of service with Lowe's, and more than 260,000 part- and full-time individuals are set to receive the payouts, the company said. Lowe's declined to comment on how the bonuses would be broken out based on tenure.
Effective May 1, Lowe's will also be expanding its benefits package for full-time workers to include paid maternity leave for 10 weeks, parental leave for 10 weeks, adoption assistance of up to $5,000, and faster eligibility for health benefits, the memo said.
https://www.cnbc.com/2018/01/31/lowes-to-give-some-employees-bonuses-expands-benefits-due-to-tax-reform.html
Lowe's will follow rival Home Depot in giving thousands of its hourly employees a one-time bonus of up to $1,000 due to new tax legislation, according to an internal company memo reviewed by CNBC on Wednesday.
The bonuses will be based on an employee's length of service with Lowe's, and more than 260,000 part- and full-time individuals are set to receive the payouts, the company said. Lowe's declined to comment on how the bonuses would be broken out based on tenure.
Effective May 1, Lowe's will also be expanding its benefits package for full-time workers to include paid maternity leave for 10 weeks, parental leave for 10 weeks, adoption assistance of up to $5,000, and faster eligibility for health benefits, the memo said.
https://www.cnbc.com/2018/01/31/lowes-to-give-some-employees-bonuses-expands-benefits-due-to-tax-reform.html
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WASHINGTON – Before the ink was even dry on President Trump’s signature on the Republican tax-cut bill, corporate America was not only toasting it, praising it and celebrating it, but handing out money to employees like Santa Claus.
Here’s the growing BIG LIST of companies reacting to the tax cuts with bonuses, more pay and expansion leading directly to new jobs:
U.S. Bank of America employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.
PNC Financial Services will give $1,000 bonus to about 47,500 workers.
New Braunfels-based Rush Enterprises of Texas is giving each of its 6,600 employees a $1,000 bonus – a total of $6.6 million. Chief Financial Officer Steven Keller said: “You’ve got a choice – we could’ve kept it and stuffed it in the company bank account or coffers, or we can share it with the people.”
Associated Bank in Wisconsin boosted its minimum hourly wage to $15 and paying workers a $500 bonus.
Idaho health-care and home-products company Melaleuca Inc. is providing its 2,000 employees $100 bonuses for every year they worked for the company. The company has 147 employees who have worked for the company for 20 years or more.
In Hawaii, Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.
Washington Federal in Seattle will increase wages for most of its workers by 5 percent and is adding 25 people to its information-technology staff.
Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.
Canary LLC announced it will hire new employees and purchase more equipment.
AT&T expanding its bonus program to an additional 200,000 staffers getting $1,000 apiece.
Boeing gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”
Wells Fargo raises minimum wage to $15.
Fifth Third raises minimum wage to $15 and offering bonuses of $1,000 to 13,000 employees.
Comcast NBC Universal anted up $1,000 bonuses to more than 100,000 non-executive employees.
http://www.wnd.com/2017/12/the-big-list-of-tax-cut-payoffs/
#economics