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A final Labor Department rule expanding overtime eligibility probably won’t come about until late next year, Solicitor of Labor Patricia Smith revealed at a panel discussion. The department has proposed raising the salary limit for overtime eligibility to $50,400, up […]

Workers who have switched jobs are being rewarded with higher pay, according to the ADP Research Institute’s Workforce Vitality Report. Employees in the same positions they were in last year are earning an average of 3.5% more. People who changed […]

Over half of clients underestimate their retirement expenses and the amount of money they’ll need to retire, a recent survey of CPA financial planners found. Over three-quarters of respondents said overspending was a key reason clients need to change their […]

Another data point in US Federal Reserve interest-rate thinking emerged with remarks by San Francisco Fed President John Williams, who said the decision to hold rates steady was a “close call” even at the Fed’s October meeting. However, Williams tempered […]

Employers hired at the fastest pace so far this year in October, creating 271,000 nonfarm jobs. The unemployment rate edged down to 5%. A broader measure of unemployment that includes people who are working part time or not actively looking […]

A mid-December decision to increase interest rates “could be appropriate” if economic growth holds up, Federal Reserve Chair Janet Yellen told the House Financial Services Committee. She stressed that no decision had been made.

The top three policymakers at the US Federal Reserve are scheduled to speak today, and they could use the opportunity to reinforce expectations of an interest-rate boost next month.

Consumers with the lowest levels of understanding about how health insurance works are the least likely to choose the most appropriate plan for their circumstances, and many consumers have trouble making cost-effective selections, studies have shown.

Although still in the minority, some companies are penalizing employees who don’t participate in wellness programs by levying surcharges on them. Critics have raised concerns about data privacy and the fact that some wellness vendors perform more screenings than medical […]