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The U.S. Department of Labor forecasts that, if finalized, the rule could result in net savings for employers of almost $481 million per year, most of that due to reduced litigation costs and fewer benefits payments.
The effect on Scholastic of the COVID-19 pandemic "includes significantly decreased revenue and customer counts as a result of widespread cancellation of orders across the book fairs, book clubs and scholastic education departments," according to the company's Senior Human Resources Manager Donna Millillo.
Recent jobs data have stymied analysts and labor officials, with the state’s unemployment rate rising to 9.1 percent in August from 8.3 percent a year earlier as the U.S. unemployment rate declined a full percentage point over the same period.
Like other retailers and restaurants, the Fairfield County entities among “the best in Connecticut” face still leery consumers