275  7TH Ave  7th floor New York , NY 10001                                                                                                                dcullinanecpa@yahoo.com

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​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     

​MARCH NEWSLETTER

The Apple vs FBI showdown will boost the use of strong online security and speed the roolout of encrypted communications for e-mails and chats. Apple and other tech firms will push harder to protect hardware and software with security that is all but uncrackable much to the dismay of law enforcement. That means more business for security firms that sell encrption tools and rising the use of free apps, such as Signal, that allow users to encrypt messages.


At the same time, lawmakers are working on ways to help investigators. Under consideration: fining companies that do not cooperate with the FBI. Forcing websites to monitor terrorist activity. Updating the 1994 wire tapping law, which applies to telecommunications companies but not to software firms. Expect congress to struggle to reach consensus as tech firms dig in.


E-mail scams are a growing security threat to businesses. Malicious software from web links in legitimate looking e-mails is getting harder to detect and prevent. The attacks known as phishing, plague banks, retailers online services and others. Companies that do business overseas are often sought after prey for online crooks.  Expecially vulnerable, Finance department staffers working on invoices and payroll.



(CNSNews.com) - The number of Americans not in the labor force last month totaled 93,688,000, 374,000 fewer than the 94,062,000 not in the labor force in January--and the labor force participation rate also improved, with 62.9 percent of the civilian noninstitutional population either holding a job or actively seeking one.
In the past 12 months, the highest labor participation rate was 62.8 percent in February and May 2015; the lowest was 62.4 percent in September 2015, and that 62.4 percent was the lowest in 38 years.The Bureau of Labor Statistics says the economy added 242,000 jobs in February (compared with a revised 172,000 in January), and the unemployment rate was unchanged at 4.9 percent for the second month in a row.In February, according to the Labor Department's Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 252,577,000. Of those, 158,890,000 participated in the labor force by either holding a job or actively seeking one.
The 158,890,000 who participated in the labor force equaled 62.9 percent of the 252,577,000 civilian noninstitutional population.Among the major worker groups, the unemployment rates for adult men (4.5 percent), adult women (4.5 percent), teenagers (15.6 percent), Whites (4.3 percent), Blacks (8.8 percent), Asians (3.8 percent), and Hispanics (5.4 percent) showed little or no change in February.On the negative side, average hourly earnings for all employees on private nonfarm payrolls declined by 3 cents in Feburary to $25.35, following an increase of 12 cents in January.The Labor Department reported on Thursday that initial claims for unemployment insurance have been below 300,000 for a solid year. The last time this happened was in December 1973. In the first half of 2009, more than 600,000 laid-off workers were applying for unemployment insurance benefits each week.Another Labor Department report noted that in 2015, annual average unemployment rates decreased in 47 states and the District of Columbia; increased in 2 states; and were unchanged in 1 state, the U.S. Bureau of Labor Statistics reported last week.North Dakota had the lowest unemployment rate -- 2.7 percent in 2015, followed by Nebraska and South Dakota -- 3.0 percent and 3.1 percent, respectively. Nevada and West Virginia had the highest jobless rates among the states at 6.7 percent each. The District of Columbia had a rate of 6.9 percent.

INCREASE IN LABOR PARTICIPATION RATE

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