For construction firms ready to add workers, a new law aimed at reducing unemployment offers grease for the skids. Enacted earlier this year, The Hiring Incentives to Restore Employment (or HIRE) Act grants a payroll tax exemption for hiring workers who have been out of work for at least 60 days.
It wasn’t long ago that rehiring was a non-issue, given the rate at which jobs were being slashed. Certain business sectors and regions are now on the upswing. In Texas, job growth is fairly impressive. In May Texas had 75,200 more jobs than in May 2009, according to the U.S. Dept. of Labor.