Skeleton crews: U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn’t fallen since April. This morning’s figures from the Labor Department suggest that employers have rehired roughly all the workers they can afford to after having laid off more than 22 million in the spring—the worst such loss on record. Read the full story.
Payroll policies: Louisiana business advocates argued Thursday during a legislative task force meeting that state government should not crack down on businesses that misclassify their employees as independent contractors according to The Center Square. Rules regarding worker classification can be confusing, particularly for small business owners, and the issue has drawn attention from lawmakers who say businesses that break the rules gain a competitive advantage over those that don’t. Read the full story.
Injunction: Attorney General Jeff Landry this morning announced that a permanent injunction has been obtained against VetAttend Professional Services LLC and its owners, John Sutton and Marc Quiroz, prohibiting them from committing unfair and deceptive trade practices, WBRZ-TV reports. VetAttend operated a Veterans Affairs benefits consulting and management business without accreditation from the U.S. Department of Veterans Affairs, as well as a home care business without a license from the state. Read the full story.