The Federal Reserve System stands ready to take further steps to help aid a fragile U.S. economy, Fed Chairman Ben Bernanke told lawmakers Tuesday. Bernanke made the remarks before the Joint Economic Committee of Congress, presenting the Fed’s semiannual report on monetary policy. The U.S. economy grew 1.3 percent in …
Read More »Bernanke: Unemployment a ‘National Crisis’, Unconventional Policies on the Cards
At a forum in Cleveland Thursday, Federal Reserve System Chairman Ben Bernanke called the U.S.’ unemployment a “national crisis” and indicated the Fed could continue implementing unconventional policies if economic growth remains stagnant. “We’ve had close to 10 percent unemployment now for a number of years and, of the people who …
Read More »Obama Proclaims Week to Support Guard, Reserves
The week of Sept. 18-24 will be marked to honor the National Guard and Reserve, President Barack Obama said Friday. Obama issued a proclamation calling on state and local officials, private organizations and military commanders to hold ceremonies and events in observation of National Employer Support of the Guard and …
Read More »OPM Updating USAJOBS Search Portal
The Office of Personnel Management is transitioning its USAJOBS employment search portal to version 3.0, the agency announced Friday. USAJOBS 3.0 is scheduled to roll out between Oct. 6-12. Search and apply functions will be offline during the transition period. Daily transition activities status updates and general employment information will …
Read More »Job Growth Halted in August, Labor Dept. Says
New job numbers released Friday by the Labor Department show job growth remained unchanged in August, with the unemployment rate holding at 9.1 percent. The new report says the number of those unemployed for 27 weeks and over was unchanged at 6 million in August and accounted for 42.9 percent …
Read More »White House Cuts This Year’s Projected Deficit, Growth Estimates
The Office of Management and Budget released its mid-year review Thursday, lowering this year’s projected deficit to $1.316 trillion, a 20 percent drop from the $1.645 trillion deficit projected in February. According to OMB estimates, the new deficit is projected to equal 8.8 percent of the gross domestic product. February …
Read More »EEOC & OPM Vow Equal Pay Enforcement in Letter
Equal pay laws for federal employees will be rigorously enforced, says an Aug. 18 letter from both the Equal Employment Opportunity Commission and the Office of Personnel Management. A 2009 report from the Government Accountability Office found the gender wage gap for federal employees declined from 28 cents on the …
Read More »President Announces Vet Workforce Initiatives
President Barack Obama announced Friday a series of administration initiatives to help veterans find jobs once they return to the U.S. AFPS reports the president proposed a series of tax credits for companies hiring veterans, including an increase to the existing tax credit for hiring disabled veterans. The Returning Heroes …
Read More »Job Fair for Jettisoned Shuttle Workers
Federal agencies hosted a job fair Tuesday in Cape Canaveral, Fla. for job seekers looking for employment after the Space Shuttle program ended, Greenwire reports. NASA and the Office of Personnel Management hosted the job fair to help the nearly 5,500 employees at the Kennedy Space Center who have lost …
Read More »Report: Jobs Growing in Washington, DC
The Washington, D.C., metropolitan areas is one of the best-performing during the post-recession era, according to MetroMonitor, a quarterly report by Brookings Institute’s Metropolitan Policy Program. By the second quarter of 2010, Washington was one of the 10 best overall cities nationwide in terms of improvements in employment, gross metropolitan …
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