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Cape & Islands Workforce Investment Board
Weekly Update
 

Volume: 6 Issue: #32

April 3rd 2009

Greetings!

Unemployment Insurance Weekly Claims Report Update

 

In the week ending March 28, the advance figure for seasonally adjusted initial claims was 669,000, an increase of 12,000 from the previous week's revised figure of 657,000. The 4-week moving average was 656,750, an increase of 6,500 from the previous week's revised average of 650,250.

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"Lifeguard Leaders" May Be Just the Right Fit For Corporate America

Move over Builders, Organization Men, and Visionary CEOs and make way for the Lifeguard Leader. Fortune reports that the recent economic crisis has caused company boards and stockholders to reassess what type of leaders will bring their companies success and stability. Lifeguard Leaders are willing to admit they don't have all the answers and are comfortable asking members of their team for help, have the ability to scan the horizon for potential problems that may derail their companies, work well with government regulators and stock­holders, have the courage to admit they are wrong and change course if an approach isn't working, and not be "in it just for the money."

QUICK LINKS


ciwib.org

SAVE THE DATE!!!

Join us for this timely and powerful workshop designed to give women of all ages the tools they need to be successful financially! Come hear about the issues specific to women and how to overcome the obstacles to your success!! Please forward this email to those women you care about and would like to see become financially successful!!

This event is FREE!!!

Date: Tuesday, April 14, 2009

Time: 6:30 PM

Location:  BUSY BODIES STUDIOS

70C INDUSTRY RD. MARSTONS MILLS


Refreshments will be served

It's your financial future. It's time to feel good about it.


Dear Friends,

Women face some unique issues when planning their financial future. Please join us for our new seminar, Strong Women - Powerful Financial Strategies. This seminar is designed to give women like you the solid financial strategies needed to achieve peace of mind and financial security.
 
This is an educational seminar, and there's no cost or obligation to attend. Ameriprise Financial is committed to helping you learn more about your options in managing your financial resources and giving you straightforward advice on personal money management and investment strategies.20

You will receive our new Dream Book® guide, to help you explore your retirement dreams.

I hope you can attend. I feel confident that this seminar can provide you with the knowledge you need to plan for your financial future.

Seating is limited. For reservations for you and up to three guests, call Paula at (508) 362-1008 ext. #1 or email her at:
paula.a.taylor@ampf.com

This seminar presented by:
Robert M. Thorne, CRPC®
Senior Financial Advisor
Chartered Retirement Planning Counselor (SM)
 
This seminar is sponsored by: Laura Nardone, Region Vice President - RiverSource Asset Management

Employers Expect to Cut Jobs and Benefits, Not Salaries

Difficult economic times are forcing companies to save money any way they can. But surprisingly, cutting salaries is not on the top of the their list, according to a survey by Watson Wyatt Worldwide. Here are the ways that companies report they will reduce costs:

  • 26% will layoff or offer early retirement packages to employees
  • 25% will implement hiring freezes
  • 25% plan to increase employee contributions for health care coverage
  • 12% plan to freeze salaries
  •  4% will reduce their match to employee retirement plans
  •  4% will cut salaries
  •  2% plan to implement a mandatory holiday shutdown of offices

Upcoming Meetings
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  • WIB Planning Evaluation Committee Meeting: Thursday April 9th 2:00pm WIB Office
  • WIB Executive Committee Meeting: Friday April 10th 8:00am WIB Office
  • WIB Budget Finance Committee Meeting: Thursday April 30th 11:00am The Community Bank Sandwich


   

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