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.

According to the US Department of Labor, in the week ending December 18, the advance figure for seasonally adjusted initial claims was 420,000, a decrease of 3,000 from the previous week’s revised figure of 423,000. The 4-week moving average was 426,000, an increase of 2,500 from the previous week’s revised average of 423,500.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.2% for the week ending December 11, a decrease of 0.1 percentage points from the prior week’s unrevised rate of 3.3%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending December11 was 4,064,000, a decrease of 103,000 from the preceding week’s revised level of 4,167,000. The 4-week moving average was 4,155,500, a decrease of 38,250 from the preceding week’s revised average of 4,193,750.

According to the US Department of Labor, in the week ending December 11, the advance figure for seasonally adjusted initial claims was 420,000, a decrease of 3,000 from the previous week’s revised figure of 423,000. The 4-week moving average was 422,750, a decrease of 5,250 from the previous week’s revised average of 428,000.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 3.3% for the week ending December 4, unchanged from the prior week’s revised rate of 3.3%.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending December 4 was 4,135,000, an increase of 22,000 from the preceding week’s revised level of 4,113,000. The 4-week moving average was 4,185,500, a decrease of 47,250 from the preceding week’s revised average of 4,232,750.

According to the US Department of Labor, in the week ending December 4, the advance figure for seasonally adjusted initial claims was 421,000, a decrease of 17,000 from the previous week’s revised figure of 438,000. The 4-week moving average was 427,500, a decrease of 4,000 from the previous week’s revised average of 431,500.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.2% for the week ending November 27, a decrease of 0.2 percentage points from the prior week’s unrevised rate of 3.4%.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending November 27 was 4,086,000, a decrease of 191,000 from the preceding week’s revised level of 4,277,000. The 4-week moving average was 4,226,000, a decrease of 64,250 from the preceding week’s revised average of 4,290,250.

The unemployment rate edged up to 9.8% in November, and nonfarm payroll employment was little changed (+39,000), the US Bureau of Labor Statistics reported recently. Temporary help services and health care continued to add jobs over the month, while employment fell in retail trade. Employment in most major industries changed little in November.

Household Survey Data

The number of unemployed persons was 15.1 million in November. The unemployment rate edged up to 9.8%; it was 9.6% in each of the prior 3 months.

Among the major worker groups, the unemployment rates for adult men (10.0%), adult women (8.4%), whites (8.9%), and Hispanics (13.2%) edged up in November. The jobless rate for blacks (16.0%) showed little change over the month, while the rate for teenagers declined to 24.6%. The jobless rate for Asians was 7.6%, not seasonally adjusted.

Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 390,000 to 9.5 million in November. The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 6.3 million and accounted for 41.9% of the unemployed.

The civilian labor force participation rate held at 64.5% in November, and the employment population ratio was essentially unchanged at 58.2%.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed over the month at 9.0 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.5 million persons were marginally attached to the labor force in November, up from 2.3 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.3 million discouraged workers in November, an increase of 421,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.2 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

According to the US Department of Labor, in the week ending November 27, the advance figure for seasonally adjusted initial claims was 436,000, an increase of 26,000 from the previous week’s revised figure of 410,000. The 4-week moving average was 431,000, a decrease of 5,750 from the previous week’s revised average of 436,750.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending November 20, unchanged from the prior week’s revised rate of 3.4%.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending November 20 was 4,270,000, an increase of 53,000 from the preceding week’s revised level of 4,217,000. The 4-week moving average was 4,288,500, a decrease of 29,250 from the preceding week’s revised average of 4,317,750.

This week’s question comes from Roy, a company controller. We received a CP 213 Notice on a Form 5500. The notice requests missing information, but that missing information was supplied with an amended Form 5500. Do we need to respond to a CP 213 notice on an amended Form 5500? Answer: A CP 213 notice is sent to notify filers of a proposed Internal Revenue Service (IRS) penalty due to a late or incomplete Form 5500 or Form 5500-EZ return. Taxpayers that receive a CP 213 should reply to the notice even if an amended Form 5500 has already been filed.

CP 213 Notices Are Sent by the IRS, not DOL

In many instances, there are two letters sent out by the Department of Labor (EFAST Contractor) asking for the missing information or addressing the late-filed return. If there is no response to either of the letters, the return is processed as is, and the information is provided to the IRS. In some other instances, this CP 213 Notice is the first correspondence between the filer and the IRS.

Taxpayers Should Respond Within Thirty Days of Notice

The CP 213 Notice gives the filer thirty days after the date the notice was issued to respond. If you believe you received a CP 213, Proposed Penalty Notice, in error, respond to the notice within thirty days of receipt. In your response, be certain to submit:

• A copy of the CP 213 Notice,
• Any appropriate supporting documents, and
• Evidence that the return was timely filed or a reasonable cause statement, or
• Evidence that the return was corrected with an amended return.

Mail Response To Ogden Accounts Management Center

Send your responses by certified mail or a traceable private delivery service to the following address:

Ogden Accounts Management Center
EP Accounts Unit, Mail Stop 6270
Ogden, UT 84201

Contact Vision Payroll for Further Information

Contact Vision Payroll if you need assistance responding to a CP 213 notice sent in error.

According to the US Department of Labor, in the week ending November 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week’s revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week’s revised average of 443,500.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.3% for the week ending November 13, a decrease of 0.1 percentage points from the prior week’s unrevised rate of 3.4%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending November 13 was 4,182,000, a decrease of 142,000 from the preceding week’s revised level of 4,324,000. The 4-week moving average was 4,309,000, a decrease of 51,500 from the preceding week’s revised average of 4,360,500.

According to the US Department of Labor, in the week ending November 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week’s revised figure of 437,000. The 4-week moving average was 443,000, a decrease of 4,000 from the previous week’s revised average of 447,000.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending November 6, a decrease of 0.1 percentage points from the prior week’s revised rate of 3.5%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending November 6 was 4,295,000, a decrease of 48,000 from the preceding week’s revised level of 4,343,000. The 4-week moving average was 4,353,250, a decrease of 45,500 from the preceding week’s revised average of 4,398,750.

According to the US Department of Labor, in the week ending November 6, the advance figure for seasonally adjusted initial claims was 435,000, a decrease of 24,000 from the previous week’s revised figure of 459,000. The 4-week moving average was 446,500, a decrease of 10,000 from the previous week’s revised average of 456,500.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 3.4% for the week ending October 30, a decrease of 0.1 percentage points from the prior week’s revised rate of 3.5%.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending October 30 was 4,301,000, a decrease of 86,000 from the preceding week’s revised level of 4,387,000. The 4-week moving average was 4,388,250, a decrease of 35,750 from the preceding week’s revised average of 4,424,000.