From the Washington Examiner: In the latest sign of a booming economy, human resources officers from some 500 corporations anticipate a massive 66 increase in cash Christmas bonuses, added to a big surge in gifts and parties for American workers.
New data to Secrets from Accounting Principals said the “average bonus” will jump from $1,081 last year to $1,797.
Other goodies: 39 percent of companies plan to give employees other perks throughout the year instead of a bonus. 38 percent will give charitable donations in lieu of a bonus, up from 31 percent in 2016. 33 percent of HR managers say that asking a boss for a bonus directly will increase the likelihood of getting a bonus, compared to 15 percent in 2016.
More good news: New claims for US jobless benefits fell in mid-November, confirming the strength of American labor markets and continuing a record streak of low levels, official data showed Wednesday.
The result suggested November could see continued strong job creation as employment recovers from hurricane-related disruptions at the end of the summer.
For the week ending November 18, new claims for unemployment insurance dropped by 13,000 to 239,000, matching analyst expectations.
Hat tip washingtonexaminer.com/Yahoo.com