More people are entering the workforce, according to experts at Nevada’s Department of Employment, Training and Rehabilitation (DETR) in their November 2022 economic report.
The Department of Employment, Training and Rehabilitation is receiving $72 million toward upgrading its unemployment insurance system. The project is expected to take four years to fully implement.
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The state’s Department of Administration’s Hearings and Appeals Division reports a backlog of 13,842 workers’ compensation cases, caused, in part, by the pandemic. Officials currently have no concrete plans for reform.
For a distressed company, interim finance is not only a requisite to meet the cost of insolvency resolution process, but also crucial for making regular payments to avail critical input supplies.