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 ›

Janet Yellen: Fed on Track to Raise Rates This Year

Wall Street Journal (05/22/15) Jon Hilsenrath; Jeffrey Sparshott

The U.S. Federal Reserve is on track to raise interest rates this year even though the job market hasn’t fully healed, inflation is low, and growth is disappointing, according to chairman Janet Yellen. The bank will remain cautious, she says. It may be several years before the benchmark short-term rate returns to a level considered normal over the long run. Though officials expect the rate to eventually reach 3.75%, it likely will be below that level at the end of 2017. The economy is expected to gain momentum in the coming months.

Even though the unemployment rate fell to the relatively low level of 5.4% in April, it “probably does not fully capture the extent of slack” in the economy, Yellen says. Numerous people have dropped out of the labor market, while others are working in part-time jobs when they prefer full-time jobs.