FacebookLinkedIn

Announcements: Financial Planning

White Paper: What to Know About Expiring Federal Unemployment Benefits

on Jul 22, 2020 in Announcements: Employer Group, Announcements: Financial Planning, COVID-19, General Parrott Insurance News

March of 2020, the Federal government signed into effect both the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Both laws were created in direct response to rising unemployment and economic challenges the country was facing as a result of the coronavirus pandemic. One principal component of...

Read More

Paycheck Protection Program

on Apr 3, 2020 in Announcements: Employer Group, Announcements: Financial Planning, COVID-19, General Parrott Insurance News

    Paycheck Protection Program Starts TODAY   The Paycheck Protection Program (PPP) is an SBA loan that helps small businesses (fewer than 500 employees) keep their workforce employed during the COVID-19 crisis. We at Parrott advise you– before you give your employees the option to take unemployment, look into the PPP first! It is a forgivable...

Read More

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...

Read More

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...

Read More

Weekly Economic Update, January 9 – 13, 2017

on Jan 13, 2017 in Announcements: Financial Planning, General Parrott Insurance News

RISING WAGES, MODERATE HIRING IN DECEMBER The Department of Labor’s latest employment report shows the average hourly wage at $26.00 last month, up 2.9% in a year. That is the largest annualized wage increase seen since June 2009. Payrolls expanded by 156,000 additional hires in December, leaving total 2016 job growth at a 5-year low of 2.2 million. (This...

Read More
Translate »