Vision Payroll

According to the US Department of Labor, in the week ending December 25, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 34,000 from the previous week’s revised figure of 422,000. The 4-week moving average was 414,000, a decrease of 12,500 from the previous week’s revised average of 426,500.

Advance Seasonally Adjusted Insured Unemployment Rate Increases

The advance seasonally adjusted insured unemployment rate was 3.3% for the week ending December 18, an increase of 0.1 percentage points from the prior week’s unrevised rate of 3.2%.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending December18 was 4,128,000, an increase of 57,000 from the preceding week’s revised level of 4,071,000. The 4-week moving average was 4,120,000, a decrease of 37,250 from the preceding week’s revised average of 4,157,250.

Saturday, December 25, 2010 will be Christmas Day, a federal holiday. The offices of Vision Payroll will close Christmas Eve, December 24 at 2 pm EST and re-open Monday December 27. Most banks will also be closed in observance of the holiday. Payroll changes and hours must be submitted before the processing deadlines as listed below.

Date Paid	Process Deadline
12/24/2010	12/22/2010
12/27/2010	12/22/2010
12/28/2010	12/23/2010
12/29/2010	12/27/2010

Payroll Dates May be Affected by Christmas Day

Payrolls dated December 25 will be paid December 24 unless a previous change in schedule has been submitted.

New Year’s Day Is Next Federal Holiday

Due to heavy USPS and UPS delivery requirements as well as limited bank hours and staffing, we strongly recommend submitting payrolls during this time as early as practicable. UPS does not ship ground deliveries received on December 24 until December 27 so we do not recommend submitting payrolls on that date. The next federal holiday will be January 1, 2011, New Year’s Day. Contact Vision Payroll as soon as possible to make changes to or for questions on your processing schedule.