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Authored by: Andy Martone, Esq.
From SWACCA.org
Ohio BWC will be making some changes for the 2024 policy year (beginning 7/1/24), some of which may have a small advantage for certain policyholders.
On August 8, 2023, the United States Department of Labor finally published its long-awaited Davis Bacon rule. The DOL’s 812 pages of rule justifications and explanations contain many substantial changes which will both expand the scope of work covered by Davis Bacon and which will change the way that the DOL administers the Act.
Texas and Arkansas Top Lists of Year-over-Year Gains, While Colorado, North Dakota Record the Worst Losses; Texas and Nebraska Lead in Monthly Job Increases, While Washington and Maine Experience Largest Declines
The construction sector added 25,000 jobs in May while the sector’s unemployment rate fell to its second lowest rate for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released today. Association officials said construction firms are boosting pay and taking other steps to recruit workers amid tight labor conditions.
A few weeks ago, a bill (SB 116) was introduced in the Ohio Senate that would make drastic changes to the unemployment compensation system in Ohio. The bill would reduce the maximum number of weeks that workers can receive benefits from 26 to 12 and lower the weekly benefit amount by 10%. It would also impose stricter work search requirements and penalties for workers who quit their jobs or refuse suitable work offers. The bill is sponsored by Senator Bill Reineke (R-Tiffin), who claims that it would prevent fraud and save money for the state's unemployment trust fund.
