Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.
"Anything that negatively affects workforce participation — and productivity of workers — has a huge effect on our global competitiveness," said Robert Kaplan, president of the Federal Reserve Bank of Dallas.
Ford Motor Co., Barclays Plc and Booz Allen Hamilton Inc. are just some of the companies now targeting workers with previous experience who, for various reasons, have been outside the labor force.
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"articles": [
{
"uri": "/2023/05/03/fed-set-to-raise-interest-rates-again-to-highest-level-in-16-years/",
"title": "Fed set to raise interest rates again - to highest level in 16 years",
"byline": "Catarina Saraiva and Jonnelle Marte",
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"summary": "Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.",
"body": null
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{
"uri": "/2021/01/29/the-economic-recovery-has-a-child-care-problem/",
"title": "The economic recovery has a child-care problem",
"byline": "Catarina Saraiva, Reade Pickert and Olivia Rockeman",
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"summary": "\"Anything that negatively affects workforce participation — and productivity of workers — has a huge effect on our global competitiveness,\" said Robert Kaplan, president of the Federal Reserve Bank of Dallas.",
"body": null
},
{
"uri": "/2020/04/10/another-6-6-million-file-for-unemployment-straining-u-s-safety-net/",
"title": "Another 6.6 million file for unemployment, straining U.S. safety net",
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"summary": "\"It's not just high volumes. It's completely off the scales of what was thought was possible in an economic downturn,\" says one official.",
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{
"uri": "/2017/11/15/low-unemployment-healing-u-s-job-markets-ugly-secr/",
"title": "Low unemployment healing U.S. job market's ugly secret",
"byline": " Craig Torres and Catarina Saraiva, Bloomberg ",
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"summary": "Ford Motor Co., Barclays Plc and Booz Allen Hamilton Inc. are just some of the companies now targeting workers with previous experience who, for various reasons, have been outside the labor force.",
"body": null
}
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