What is the Labor Participation Rate and how does it impact employers and the economic outlook? According to OECD.org, “The labor force participation rate is calculated as the labor force divided by the total working-age population. The working age population refers to people aged 15 to 64. This indicator is broken down by age group and it is measured as a percentage of each age group.” There are many factors impacting the Labor Market in 2023 including the benefits’ cliff, boomers exiting the workforce, the rate of working-aged males declining, women leaving the workforce by the millions and the decline
This week we have a very special guest blogger, Cassie Shropshire, with the Alabama Department of Rehabilitation Services (ADRS)! This year made the 33rd anniversary of The Americans with Disabilities Act (ADA). The act is a federal civil rights law that prohibits discrimination against people with disabilities in everyday life activities. The ADA guarantees that people with disabilities have the same opportunities as everyone else to enjoy employment opportunities, purchase goods and services, and participate in state and local government programs. Just four years after the ADA was signed into law, the Alabama Legislature created a state agency that would be
Supply and Demand. The first lesson of Economics, or at least I remember it that way. The most important lesson of economics as I remember it. Maybe I’m remembering it wrong, but I think the issues of the supply and demand of labor need to be reinforced when we think about anything and everything that is going on in our world. And one of those things is union activity. The issues at Starbuck, Amazon, UPS… the list goes on and on about union organization and in the media seems on the surface to be about wages, benefits, and the overall
School is starting back, and that means I’m collecting the latest news on union activity – good, bad, and ugly – for a college-level labor relations course I’m teaching. Each of us at Horizon Point has a unique perspective on the union landscape through our work with various clients and projects, which we’ll be sharing in a series over the next few weeks. I’m kicking us off with a look at union activity right here in our North Alabama region, featuring a snippet from the 2023 Wage & Benefit Survey. When asked if any employees are represented by a union,
Mid-Year Legal Update There have been a number of employment law changes in the first half of 2023, so let’s take a look at what has changed. Federal Changes: The Pregnant Workers Fairness Act The Pregnant Workers Fairness Act (PWFA) went into effect on June 27, 2023. It is part of Title VII of the Civil Rights Act of 1964 and requires covered employers to provide reasonable accommodations when an employee has known limitations due to pregnancy, childbirth, or related medical conditions, unless an accommodation would cause an undue business hardship. PWFA applies to employers with 15 or more employees,