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Posts made in February, 2017

Reminder: Employers Must Use New Form I-9

on Feb 27, 2017 in Announcements: Employer Group, General Parrott Insurance News

As a reminder, employers should note that U.S. Citizenship and Immigration Services (USCIS) has released a new version of Form I-9, Employment Eligibility Verification. As of January 22, 2017, employers must use the updated form. Background Federal law requires employers to hire only individuals who may legally work in the United States–either U.S. citizens or...

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Weekly Economic Update, February 13-17, 2017

on Feb 17, 2017 in Announcements: Employer Group, Announcements: Financial Planning, General Parrott Insurance News

CONSUMER SENTIMENT SLIPS A BIT The University of Michigan’s preliminary February index of consumer sentiment came in at a reading of 95.7 Friday, compared with a final January mark of 98.5 (which was a 13-year peak). Economists polled by Bloomberg had expected a slight decline to 98.0. While this was the index’s lowest level in three months, it still...

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Weekly Economic Update, February 6-10, 2017

on Feb 17, 2017 in Announcements: Financial Planning, General Parrott Insurance News

POSITIVES & NEGATIVES IN JANUARY’S JOB DATA The Department of Labor’s latest jobs report showed 227,000 net new hires last month. Unfortunately, wages grew just 0.1% in January as the headline jobless rate rose slightly to 4.8%. The U-6 rate, counting the underemployed, rose 0.2% to 9.4%.1 STRONG CONSUMER CONFIDENCE & SPENDING While the Conference...

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