The U.S. economy is projected to add 6.7 million jobs from 2023 to 2033, the U.S. Bureau of Labor Statistics (BLS) reported today. Total employment is projected to increase to 174.6 million and grow 0.4 percent annually, which is slower than the 1.3 percent annual growth recorded over the 2013-23 decade. https://www.bls.gov/news.release/ecopro.nr0.htm

Employers have been wrestling with significant uncertainty on a host of high-stakes employment law issues throughout 2024. Attorneys say Tuesday's presidential election could provide some — although likely not all — of the answers businesses have been waiting on. As we've noted, the Biden administration has unveiled a wave of new rules and regulations that have altered the relationship between employee and employer — changes that have been met with significant opposition and legal challenges from business groups. Many critics of the changes say they will increase costs and regulatory burdens for businesses. Michael Lotito, co-chair of law firm Littler’s Workplace Policy Institute, said a victory by Vice President Kamala Harris would mean employers can expect a continuation of those efforts. A victory by former President Donald Trump, on the other hand, would mean a slowdown of those efforts, he said. It could also mean a reversal of several policies affecting employers, if past history involving changes in administration is any indication. “Theres a lot at stake. We are watching it all,” Lotito said. Here's a look at regulations, both proposed and final, with futures that are likely contingent on the winner of Tuesday's election. 1) Overtime pay and eligibility regulations The Department of Labor, on April 22, 2024, finalized a new annual salary threshold under which non-exempt workers would be eligible for overtime, which went from $35,568 to $43,888 as of July 1, 2024 On Jan. 1, that threshold will increase further, to $58,656. The salary threshold then would update every three years based on wage data, according to the Department of Labor. Over the first two updates, more than 3 million workers would be newly eligible for overtime, the agency said.

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https://www.cnbc.com/2024/11/01/us-jobs-report-october-2024.html U.S. economy added just 12,000 jobs in October, impacted by hurricanes, Boeing strike