Money
Federal Reserve: Keeping the Target Fderal Funds Rate Below Levels the Committee Views as Normal in the Longer Run
The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced but is monitoring developments abroad. Inflation is anticipated to remain near its recent low level in the near term but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of declines in energy and import prices dissipate. more »
For Some States, a Focus on Older Workers: Laws With Little Protection from Hiring Discrimination
According to the EEOC, charges of age discrimination have risen steadily since the turn of the century, from about 16,000 in 2000 to close to 21,000 in 2014. A senior attorney with AARP said "the number of charges filed with the EEOC is just the tip of the iceberg." Most employers, according to the attorney "are smart enough not to make any sort of comment against the person's age, which would provide the smoking gun piece of evidence. So often, it's really not worth filing a job discrimination claim." more »
After Years of Cuts, Cities and States Are Hiring Again
Public employment, long seen as a secure job with good benefits, took a series of hits during the recession, with state and local governments implementing hiring freezes and layoffs. But job-seekers can take solace: Many states and localities are now hiring, buoyed by an improving economy and better-than-expected revenue. State and local governments are having trouble filling jobs involving accounting, information technology, finance, mental health, skilled trade work, social work, water treatment and some others, the report said. more »
States to Colleges: Prove You’re Worth It
The idea of using outcomes — not enrollments — to guide public funding of higher education has so much bipartisan backing that both President Barack Obama and Florida's Republican Gov. Rick Scott support it. Just last week, the Florida Board of Education approved a performance-funding system for state colleges, adding to its existing system for state universities. more »