Online Community

ASA Central

A dynamic online community for ASA members to exchange ideas and best practices, and connect with industry peers in their sector. Visit the site ›
Find Goods & Services

ASA Marketplace

This powerful online resource enables staffing companies to find and access industry supplier information, products and services. Visit the site ›
Daily Publication

Staffing Today Newsletter

Your #1 daily source for news about the workforce industry. With versions available to members and nonmembers. Visit the site ›
Health Care Reform

Affordable Care Act Resources for Staffing

Up-to-date news, resources, interactive tools, and more—all focused on helping ASA members comply with the ACA. Visit the site ›
Advertisers & Exhibitors

Staffing Industry Suppliers

ASA has numerous and diverse marketing opportunities available to help you reach the rapidly growing staffing industry. Visit the site ›
Exclusive Products

ASA Store

From certification packages and study guides to marketing tools and data reports, ASA resources add value to your business. Visit the site ›

Yellen Says Fed Is Determined to Improve the Labor Market

New York Times (03/31/14) Binyamin Appelbaum

U.S. Federal Reserve Chairman Janet Yellen continues to focus central bank attention on unemployment, and she is hopeful that the Fed has the power to help. Some economists have said that the central bank has reached the limits of its ability to improve the labor market, and some Fed officials have indicated that the central bank could be winding down its economic stimulus campaign faster. Yellen has said that the Fed’s commitment to economic stimulus is “strong.”

Although the unemployment rate has fallen, the figure represents only those people looking for work and does not include those who have given up the search. Some economists say that structural unemployment following the recession is marked by a number of people without the skills to find new jobs, and Yellen indicated that the share of workers quitting jobs remains unusually low, signaling a dearth of better opportunities. Moreover, the share of workers with part-time jobs is unusually high, and wages for all workers are rising very slowly because of the abundant supply of labor.