Governor Pence Statement on June Employment Report

first_imgUnemployment Drops 0.2 Percent To 4.8 Percent; Labor Force Hits Record PeakIndianapolis – Governor Mike Pence today issued the below statement following news that Indiana’s unemployment rate decreased 0.2 percent to 4.8 percent in June, marking a 3.6 percent drop since January 2013. The report, issued by the Indiana Department of Workforce Development (DWD), shows that Indiana’s labor force has increased by more than 190,000 since January 2013. June is the 12th consecutive month that Indiana has recorded private sector employment above the March 2000 peak, and Indiana’s labor force participation rate is nearly 3 percent higher than the national average (65.4 percent vs. 62.7 percent). Over the past three years, Indiana’s private sector has grown by 148,000 jobs.“With more than 8,500 Hoosiers finding employment in June, and with a labor force participation rate nearly 3 percent higher than the national average, it’s clear that Indiana is on a roll,” said Governor Pence. “Our economic momentum is a testament to the hardworking Hoosiers in businesses large and small who are dedicated to starting and growing their companies in the Hoosier state. As we continue to foster an environment of growth and opportunity, our administration will continue to practice the pro-growth, low-regulation policies that help our economy grow.”BackgroundThe Indiana unemployment rate stands at 4.8 percent in June 2016. Indiana’s labor force increased 3,476 over the month, with an increase in employment of 8,594. Unemployment decreased by 5,118. Indiana’s total private employment grew by 36,300 over the year. Total private employment is now at 2,641,000. The highest levels of growth occurred in the following sectors: Leisure and Hospitality, Construction, Private Education and Health Services, and Trade, Transportation, and Utilities. Since July 2009, the highest point of unemployment for the state, Indiana’s private sector employment growth has surpassed the nation’s growth (13.7 percent vs. 12.8 percent). Total private employment for June stands at 28,400 above the March 2000 peak. Additionally, initial unemployment insurance claims for the first 28 weeks of 2016 are at their lowest point since 1987.FacebookTwitterCopy LinkEmailSharelast_img read more

Govt issues new regulation for belabored preemployment card

first_imgIt further clarifies that the appointment of online training platforms as program partners and third-party training institutions is not a “procurement of goods and services”, but “still takes into account the purpose, principles and ethics of the state procurement of goods and services”.Read also: KPK highlights inefficiency, mismanagement in preemployment card programThe new regulation is not retroactive, and stipulates that all decisions taken by the program management under the previous Perpres are “legitimate, as long as they were taken with good intentions”. The program’s Job Creation Committee is then required to evaluate the decisions.The provision is applicable to the appointment of partnering platforms and third-party training institutions, among other things.  The Perpres also restructures and expands the Job Creation Committee that oversees the program, which originally consisted of six members led by the coordinating economic minister and the presidential chief of staff.The new committee has 12 members comprising the state secretary and six ministers: the home, finance, education, manpower, industry and national development planning ministers. The five remaining committee members are the Cabinet secretary, the attorney general, the National Police chief, as well as the heads of the Development Finance Comptroller (BPKP) and the National Procurement Agency (LKPP).The preemployment card program had drawn widespread public criticism over the apparent lack of transparency since it was launched on March 20, with an aim to provide a safety net to workers affected by the health crisis. The two key criticisms were that the appointment of online partners through a nontransparent process left it open to conflicts of interest, and that it did not comply with the prevailing regulation on the procurement of goods and services.“We welcome suggestions from all parties, including [top] institutions like the KPK, and we have received many inputs from the public, including the [people] who are eligible for the preemployment card,” program director Denni Purbasari said on June 22.Earlier in June, the Corruption Eradication Commission (KPK) uncovered irregularities in the program, including a potential for conflicts of interest and a risk of mistargeting.The KPK found potential conflicts of interest in at least 250 courses provided by third-party institutions that had ties to partnering platforms. For instance, partnering platform Pintaria offered 199 courses, one-third of which was provided by its parent education technology company HarukaEdu.By the end of June, the program was offering 3,805 courses through eight partnering platforms, including e-commerce giants Tokopedia and Bukalapak.“It should not be like this because it weakens the [course] curation,” KPK corruption prevention deputy Pahala Nainggolan said on June 19.Read also: Jobs card may not help people find workDirector Denni said at the time that the program management had issued a public call for expressions of interest and that 19 firms had responded.The preemployment card was one of Jokowi’s reelection campaign promises and originally designed as an upskilling and reskilling program. As the global health crisis started impacting the economy and led to job losses when companies downsized in response, the government redesigned it into an incentivized training program as part of its COVID-19 safety net strategy.The reworked program offers participants Rp 1 million in “coupons” to be spent on training courses, and a Rp 2.4 million cash assistance to be disbursed over four months upon completing the program. The program targets 5.6 million affected workers and small business owners, and has a Rp 20 trillion (US$1.3 billion) budget for this year.In the nearly four months since it was rolled out, the program has registered 680,918 participants, more than half of whom had been laid off as a result of the health crisis.Topics : The government on Wednesday issued a new regulation for its flagship incentivized training program to close loopholes in the previous regulation that prompted public criticism of systemic irregularities and conflicts of interest.The newly issued Presidential Regulation (Perpres) No. 76/2020 on the preemployment card allows the program management to demand that ineligible participants return the financial assistance (incentives) in full within 60 days. The management may also file criminal charges against ineligible participants that used falsified personal data in applying to the program.The regulation clearly stipulates that the program is eligible to laid-off workers, furloughed employees and micro and small business owners. It also regulates the conditions for the program’s offline training courses.last_img read more

IDOR offers tips for newlyweds

first_imgIndianapolis, In. — Summertime has become an increasingly popular season for weddings, and the Indiana Department of Revenue (DOR) wants to help Hoosier newlyweds as they embark on wedded bliss to avoid the headache of tax issues.From name changes to filing status, DOR has several tips for 2018 newlyweds to be ready for next tax season and to ensure refunds are not delayed:1.) Name changes: If a customer changes their name as a result of marriage, the first step is to report this change to the Social Security Administration (SSA). Since tax returns are filed under an individual’s Social Security number (SSN), it is important to complete the name change process before filing a tax return. The name on the tax return must match the SSN to ensure any potential refund goes to the correct person. More information can be found online at www.SSA.gov.2.) Change withholding status: Newly married individuals may need to update their federal W-4 and state WH-4 forms to reflect additional exemptions or change their higher standard deduction. By claiming an additional allowance or changing the withholding status to married, fewer taxes may be withheld from their pay.3.) Update address: If marriage results in a change of address, be sure to update the address on file with DOR. DOR offers several methods for customers to update their address, including in-person, by fax or mail. By updating the address, customers can ensure they will receive important information from DOR on time, which may include a refund check. Details can be found on DOR’s website at www.in.gov/dor/4706.htm.4.) Evaluate tax filing status: Once an individual is married, the filing status on their tax return must be either: married filing jointly or married filing separately. Often, the option married filing jointly provides the most beneficial tax outcome for most couples, due to the available credits and deductions. However, all couples should explore both options to determine what works best.Changing filing status may also change an individual’s tax bracket, so the income might be taxed at a different rate. If a married couple chooses to file a joint return, their income is now combined which may result in one or both individuals being in a higher tax bracket.Remember, even if the wedding date is December 30, 2018, a couple is still considered married for the 2018 tax year.last_img read more