May 18, 2022: State of the Industry Quarterly Update

May 18, 2022

Business Economics

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In a highly anticipated decision, a federal district court in Texas ruled on Friday, November 15, 2024 that the soon-to-be effective federal Fair Labor Standards Act (FLSA) Overtime Rule cannot be implemented. The district court held that the Department of Labor (DOL) exceeded its authority by raising the “threshold” salary that employees must be paid before they qualify as being exempt from receiving overtime wages.

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