38,000 The Bureau of Labor Statistics reported only 38,000 jobs were created in May, which drew many negative reactions. “The latest jobs report is pathetic,” National Association of Manufacturers President and CEO Jay Timmons said in an NAM news release. “Manufacturers, and almost all employers for that matter, are holding back on hiring because they lack confidence in the ability of Congress and the administration to put aside partisan differences to do what is in the best interest of America’s future. In May, we also saw too few Americans go back to work and too many give up and leave the workforce altogether because they have given up on the American Dream.” 6.3% From Metals Service Center Institute, U.S. service center steel shipments decreased by 6.3% from April 2015. Steel product inventories decreased 19.3% from April a year ago, MSCI reported. 6.3 From a MediaShift guest post by Jonathan Abrams (founder and CEO of Nuzzel), according to a 2015 Reuters survey, U.S. workers spend 6.3 hours a day checking email, with 3.2 hours devoted to work emails and 3.1 hours to personal messages. In 2015, Harvard Business Review reported millennials check email more than any other age group. 1.1 trillion Via the Plumbing Industry Leadership Coalition, in 10 years the WaterSense program has helped U.S. consumers save more than 1.1 trillion gallons of water, more than the amount of water used by all the households in Texas for a year (according to the WaterSense website). 2.9 From HARDI’s monthly TRENDS report, average sales for HARDI distributor members increased by 2. 9% in April. “The real reasons for the low single-digit growth rate for the month were cool temperatures and the extreme precipitation in the country’s midsection,” HARDI Market Research & Benchmarking Analyst Brian Loftus said. 25% In 2015, the ASA Education Foundation conducted a national labor study that showed about 200,000 people are employed in the PHCP/PVF industry. But over the next 10 years, the study shows 25% of that workforce will retire and over the next 20 years, half of the current workforce will exit the industry. $47,476 The Department of Labor finalized regulations updating the annual salary threshold that generally determines who qualifies for overtime pay when they work more than 40 hours a week. The new requirements raise the minimum salary that an overtime exempt employee may earn from $23,600 to $47,476 ($913/week) and establishes an effective date of Dec. 1, 2016. DOL said the salary level will automatically be updated and increased every three years. It is expected the salary will be $51,000 per year on Jan. 1, 2020.
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