Employment

“Early in the pandemic, Maine made additional resources available to ensure that seniors continued to receive in-home care and that essential workers would be able to afford personal protective equipment,” said U.S. Attorney Darcie McElwee for the District of Maine. “The U.S. Attorney’s Office is proud to partner with the Antitrust Division to protect essential workers from the type of conduct alleged in the indictment returned by the grand jury.” “PSS workers and other essential workers risked their health caring for others at the onset of the COVID-19 pandemic,” said Assistant Attorney General Jonathan Kanter of the Justice Department’s Antitrust Division. “The indictment in this case alleges that the employers of these workers colluded to deprive them of opportunities to earn better wages. The Antitrust Division and our partners will investigate and prosecute this conduct to the fullest extent of the law. more »

"The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent. With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate. The Committee decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. Beginning in February, the Committee will increase its holdings of Treasury securities by at least $20 billion per month and of agency mortgage backed securities by at least $10 billion per month. The Federal Reserve's ongoing purchases and holdings of securities will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses." more »

"Congress provided by far the fastest and largest response to any postwar economic downturn. At the Federal Reserve, we used the full range of policy tools at our disposal. We moved quickly to restore vital flows of credit to households, communities, and businesses and to stabilize the financial system. These collective policy actions, the development and availability of vaccines, and American resilience worked in concert, first to cushion the pandemic's economic blows and then to spark a historically strong recovery. Today the economy is expanding at its fastest pace in many years, and the labor market is strong." more »

The years Saturday’s graduates spent at Berkeley were marked by turmoil: days-long campus power outages, devastating wildfires that choked the air with smoke, free-speech demonstrations and national reckonings with economic inequality, police shootings, racism and anti-democratic violence. “Some of (your) most important lessons came from a real-life curriculum no one ever anticipated,” Chancellor Carol Christ told the graduates in her keynote speech. “We are living in a historic moment when everything is shifting about us in ways that will have a profound impact upon the future,” she added. “This may be a perilous time, but so, too, is it a time of creative ferment and possibility, and that is prime time for this public university and for you, our newest alumni.”   (UC Berkeley photo by Keegan Houser)   (UC Berkeley photo by Keegan Houser) 1 / 17 X Xand… more »