Apex Advertising buys Md. firm New jobless claims jump to 357,000 Workers' comp rates to drop
Apex Advertising announced Thursday that it has acquired Calvert Associates of Timonium, Md., for an undisclosed price.
The Calvert location will operate as a branch of Apex. The transaction increases Apex's workforce from 24 to 28 employees.
Led by Frank Rauch, president and chief executive officer, Apex sells promotional products. Based at 2959 Old Tree Drive, it was founded in 1991. Calvert dates to 1961.
WASHINGTON (AP) -- The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market.
Applications increased to a seasonally adjusted 357,000 for the week ending March 23, the Labor Department said Thursday. That's up from 341,000 the previous week, which was revised slightly higher.
The four-week average, a less volatile measure, rose 2,250 to 343,000. Even with the gain, the average is only slightly higher than the previous week's five-year low of 340,750. Economists pay closer attention to the four-week average because it smooths out week-to-week fluctuations.
HARRISBURG (AP) -- The state Insurance Department says a workers' compensation insurance rate reduction will go into effect next week for employers.
The department said the overall 4 percent decrease that takes effect Monday could mean as much as $110 million in savings for Pennsylvania employers.
It says the estimate may vary according to claims experience, payroll and other factors, and not all employers will see a decrease.