Are we there yet? Progress back to full employment for the United States economy is not on a fast track. The unemployment rate for April as announced by the Bureau of Labor Statistics stood at 7.5 percent, down from 7.6 percent in March and from 8.1 percent in April of 2012.
Average hourly earnings for workers, meanwhile, rose 0.2 percent to $23.82 from $23.78 in January. They are up just 2.1 percent in the past year, barely keeping pace with inflation — despite record corporate profits and cash hoards. Wages have grown just 12 percent since the recession began in December 2007.
With a weekly pay check, the employees know which days they are getting paid. Usually, pay day falls on a specific day, such as Thursday. Sometimes, due to holidays on certain weeks, the pay checks may be delayed a day. With the bi-weekly affordable payroll, the pay dates do not always fall on the same week. Usually the pay days fall on days fifteen and thirty, unless if either of these days falls on a weekend. An employee not paying attention to when his check is available may not have the funds to pay a bill. Many people are taking advantage of online banking to pay bills. If an employee does not have the funds in the bank when a bill is paid, he can be hit with costly overdraft fees.
Our second and equally important priority is to stop hemorrhaging money. We have to stop spending. We can not afford to continually increase the deficit.
Credit cards make it far too easy to spend money without really thinking about it. Suddenly you have tallied up hundreds if not thousands of payroll jobs dollars in high-interest debt without ever realizing it.
Yes it is? Why? Think about it, do you think a franchise wants you to open up shop cheaply? No, your franchise is a marketing tool for them. If you look bad, they will look bad. It is to the best interest of the franchise that you have the best site selection, the best construction and plan assistance, the best furniture and the best grand opening,. You are at the mercy of the contract you signed with the franchise. That is why they want to make sure you have enough capital to pay for your start-up. They have pre-selected vendors that you must work with. Generally you are required to work with there vendors.
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