Features

Economic Snapshot: Private sector employment adds 147,000 jobs in October

Private sector employment increased by 147,000 jobs from September to October, which is down from 202,000 jobs added from August to September, according to the ADP Employment Report. Large businesses contributed the most heavily to the jobs added in October, adding 64,000 jobs. Medium businesses added 48,000 jobs and small businesses added 34,000 jobs. Service-producing employment increased by 165,000 in ...

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What you need to know about the overtime rule

On May 18, 2016, President Barack Obama and Secretary Thomas Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations for white-collar workers. The new rule sets the standard salary level at the 40th percentile of earnings of full-time salaried workers in the lowest-wage Census Region, which is $913 per week or $47.476 annually. Any ...

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Economic Snapshot: New home sales up nearly 30 percent from 2015

Sales of new single-family houses were at a seasonally adjusted annual rate of 593,000 in September 2016. This is 3.1 percent above the revised August rate of 575,000 and 29.8 percent above the September 2015 estimate of 457,000. The median sales price of new houses sold in September 2016 was $313,500 and the average sales price was $377,700. The seasonally ...

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14 everyday attitudes that kill success

“Martha has so much going for her, but she could be doing so much more for herself.” How many people do you know or work with like that? What keeps us from getting to where we want to be or what we want to do? Sure, it may be a lack of the right skills, bad luck, having other goals, ...

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Weekly 5: NMMA urges Congress to act on E15

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. NMMA sends letter to Congress on E15 The National Marine Manufacturers Association and a coalition of small engine manufacturers and consumer have sent a letter to Congress calling ...

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Yamaha Service Skills Training program builds technician career path

As the marine industry faces a shortage of qualified technicians, businesses across the industry will need to take it upon themselves to help address the issue. One notable example of a company taking action is Yamaha Marine Group. Two years ago, the company initiated a pilot program called Yamaha Service Skills Training. The program calls on individuals with a general ...

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Economic Snapshot: First-time buyers propel existing home sales

Photo credit to Dan Moyle

The share of first-time buyers in existing home sales was at its highest pace in four years in September. Existing home sales Total existing home sales jumped 3.2 percent to a seasonally adjusted annual rate of 5.47 million in September, up from a downwardly revised 5.3 million in August. Sales are now at their highest pace since June and are ...

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New industry report urges modernization in federal fisheries management

A coalition of industry and trade associations on Wednesday released a series of recommendations to improve management of and access to federal fisheries. The report, A Vision for Marine Fisheries Management in the 21st Century: Priorities for a New Administration is designed to offer guidance to the incoming administration and the new Congress that strives to balance improving access to ...

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