Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says
Senators questioned whether workers were denied overtime pay; Labor Secretary Perez says in letter he ordered investigation.
DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.
Chamber of Commerce Raises Concerns With DOL Fiduciary Redraft
Top execs at U.S. Chamber of Commerce lay out their concerns about new rules affecting prohibited transaction exemptions, rollovers and IRAs.
Economy Added 243,000 Jobs in January; Unemployment Rate Falls to 8.3%
Unemployment is now at its lowest point since President Obama’s first full month in office, and Friday’s report is sure to win attention for Obama in his presidential bid for re-election in 2012.
U.S. Jobs Surprise: Unemployment Rate Falls to 8.6% From 9.0%
The unemployment rate dropped partly because of the large number of discouraged job seekers who have left the workforce.
Labor Day Bad News: Zero Job Growth in August, Unemployment Stuck at 9.1%
Unemployment rate held flat in August at 9.1% as no jobs were lost—nor gained. While some observers saw a silver lining, others fret over ongoing economic stagnation.