MESSAGE FROM THE PRESIDENT


July 24, 2023

Most Delaware employers have some form of family and medical leave programs for their employees. However, for those that do not have coverages, the Department of Labor is reaching out to businesses to explain all that is involved. The following is a message I received last Friday from Secretary of Labor, Karryl Hubbard:


"On July 19th, the Department of Labor held the first of many public events that are designed to help stakeholders understand the impact of Delaware’s new Family and Medical Leave Insurance Program. While we had a large turnout for this initial session, we know that we need to provide ongoing opportunities for employers and those in the business community to learn about the implementation of the law. 


As we move towards the implementation of the program, we will continue to give employers the tools and training they need for implementation and ensure that the program is rolled out as efficiently as possible. Over the next few months, the Division of Paid Leave will be conducting information and training sessions up and down the state, held at different times, both in-person and online, to help employers get ready for the program’s launch. We understand our responsibility to employers as partners in this process and will work with you to ensure that the program is a success.

 

To that end, if you or your business group and/or association has regular meetings and would like to include a briefing on Paid Family Leave from a member of our team, we ask that you email the Division of Paid Leave, on PFML@delaware.gov. 

We look forward to hearing from you."

News You Can Use

We kick off the economic news of the week with the S&P U.S. manufacturing and service PMI results from July. On Tuesday, we’ll see the S&P Case-Shiller home price index for May and consumer confidence ratings for July. On Wednesday, we'll hear from Fed Chairman Jerome Powell, and learn of June's new home sales. Thursday will bring advanced retail and wholesale inventories for June, as well as initial jobless claims for July. We close out the week on Friday with personal income and spending figures from June and consumer sentiment numbers for July. 


This is a busy week for earnings calls, many of which are from State Chamber members. We start off today with a call from Whirlpool. Tuesday brings us earnings calls from Alaska Air, General Electric, General Motors, Kimberly-Clark, Microsoft, Spotify, Visa and Verizon. Wednesday brings us earnings calls for AT&T, Boeing, Coca-Cola, Fiserv, Mattel and Navient. Amazon has the spotlight on Thursday, joined by Boston Beer, Chemours, Comcast, McDonalds, Southwest Air, and S&P global. We round out the week on Friday with calls from AstraZeneca and Procter & Gamble.

Michael J. Quaranta
President
Delaware State Chamber of Commerce

Uniquely Delaware

Delaware ranked #4 nationwide for producing workers

that employers want to hire

With many more job openings in the U.S. than there are people available to fill them, companies are increasingly deciding where to set up shop based on where the workers are. It is why CNBC’s 2023 America’s Top States for Business study, which scores all 50 states’ business climates, pays special attention to each state’s workforce.


Delaware was ranked #4 due to its large concentration of STEM talent, high net migration rates, and worker training programs that outperform most of the country. See the full list >

275/400 points

2023 Workforce score 

#21

Net Migration Rank

33.6%

Adults with Bachelor’s Degree or higher

14.5%

Career Education Credential

7.2%

STEM Workers 

Sea Watch International is a seafood company based in the Chesapeake Bay region of Maryland and has been a major supplier of clams for over 35 years. The company was founded in 1978 in Milford, Delaware. Sea Watch is proud to be recognized as the largest harvester and processor of clam products in the world.

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