Federal Reserve Bank of Atlanta

Skills-First Talent Movement Receives Major Boost as Rework America Alliance Transitions to National Nonprofit Jobs for the Future

Retrieved on: 
Wednesday, October 4, 2023
Workforce, Federal Reserve Bank, Markle, Private sector, Fortune 1000, Employment, Second Chance, Justice, JFF, Education, Foundation (nonprofit), Policy, Multimedia, McKinsey & Company, Movement, Organization, UnidosUS, Federal Reserve Bank of Atlanta, EQOS, Markle Foundation, Trade, Health, Polaris, National Urban League, Management, Airline

BOSTON, Oct. 4, 2023 /PRNewswire/ -- Today, Jobs for the Future (JFF), a national nonprofit that drives transformation of the U.S. education and workforce systems, and the Markle Foundation, which works to improve the economic security, national security, and health of all Americans, announced plans to transfer one of the foundation's marquee initiatives, the Rework America Alliance, to JFF. The addition of the Alliance's unique coalition of organizations committed to helping millions of workers in low-wage jobs move into quality jobs will play a significant role in accelerating JFF's recently announced North Star goal to help 75 million people facing systemic barriers to advancement work in quality jobs within the next 10 years. 

Key Points: 
  • By bringing the Alliance to JFF, together we can move faster to support workers in securing not just any job, but a quality job."
  • The Alliance is made up of 40 partners including UnidosUS, National Urban League, Federal Reserve Bank of Atlanta, and McKinsey & Company.
  • "We enthusiastically partnered with the Markle Foundation to launch the Rework America Alliance, a pioneering movement centered on skills-based hiring," said Janet Murguía, president and CEO of UnidosUS.
  • Markle's recent focus has been working to expand access to quality jobs for all Americans through the Rework America Alliance and Rework America State Network .

New Economic Indicator from Square Shows Wages Continue to Rise, but the Post-Pandemic Job Boom is Over

Retrieved on: 
Wednesday, October 4, 2023
Technology, Retail, Human Resources, Finance, Online Retail, Electronic Commerce, Accounting, Restaurant, Bar, Professional Services, Other Retail, Software, Data Analytics, Fintech, Food, Beverage, Bureau of Labor Statistics, Square, Federal Reserve Bank, Federal Reserve Bank of Atlanta, Bureau, Point, Research, Occupation, Commerce, Growth, Ecosystem, Landscape maintenance, Omnichannel

Square Payroll Index data reveals that, despite slowing growth in recent months, average hourly earnings, which include tips and overtime pay, continue to grow faster than base wages and outpace inflation.

Key Points: 
  • Square Payroll Index data reveals that, despite slowing growth in recent months, average hourly earnings, which include tips and overtime pay, continue to grow faster than base wages and outpace inflation.
  • According to the Square Payroll Index, the median food and drink worker earned $13.64 per hour in base wages in September, totaling $17.44 including tips and overtime.
  • The median retail worker earned $15.80 per hour in base wages, which increased to $16.31 including tips and overtime.
  • “The Square Payroll Index shows that, while hourly wages continue to slowly rise, the post-pandemic job market boom is over,” said Ara Kharazian, Square’s Research and Data Lead.

Unemployment is staying low at 3.5%. But for those out of work, here's why it's become harder to get a job

Retrieved on: 
Thursday, July 20, 2023
Bureau, Workforce, Employment, COVID-19, Population growth, Growth, Unemployment, Federal Reserve Bank of Atlanta, Population, Time, COVID, Reserve Bank, Occupation, Employment agency, Renewable energy, Agriculture, Tourism, Delta

The rate of unemployment (happily) remains fixed at 3.5 per cent, although to two decimal places, it fell from 3.55% to 3.47%.

Key Points: 
  • The rate of unemployment (happily) remains fixed at 3.5 per cent, although to two decimal places, it fell from 3.55% to 3.47%.
  • The waning of the Delta wave of COVID-19 from late 2021 brought a strong recovery in the demand for workers.
  • Why unemployment didn’t jump
    A combination of slowing job growth and faster population growth ought to have pushed up the unemployment rate.
  • Having hit a low of 3.5% in August 2022, unemployment has stayed there pretty much the whole time since.

PATHBUILDERS REACHES MILESTONE OF 3,000 ACHIEVA GRADUATES WITH 34TH CLASS

Retrieved on: 
Wednesday, May 31, 2023
AT&T, Cricket Wireless, YKK, Learning, Comcast, Federal Reserve Bank, Mueller Water Products, RaceTrac, AT, Politics, Partner, Woman, Mentorship, Roper Technologies, Cox Enterprises, Federal Home Loan Banks, Organization, Equifax, Federal Reserve Bank of Atlanta, OFS, WestRock, Emory Healthcare, Indiana White Caps, Cox Communications, Gas South, Oldsmobile Achieva, Novelis, Premier Medical Group, Genuine Parts Company, Nursing, Management, Slalom, Printpack

ATLANTA, May 31, 2023 /PRNewswire/ -- Pathbuilders surpasses a new milestone graduating over 3,000 women from its flagship mentoring program, Achieva®.

Key Points: 
  • ATLANTA, May 31, 2023 /PRNewswire/ -- Pathbuilders surpasses a new milestone graduating over 3,000 women from its flagship mentoring program, Achieva®.
  • "Reaching 3,000 Achieva graduates reflects our ongoing commitment to moving women forward by transforming these leaders and creating cultures where they can thrive."
  • The company's most recent milestone was achieved with the graduation of 80 women in April from the 12-month Achieva® program.
  • Originally known as Georgia 100®, Achieva is one of the Pathbuilders programs designed for the four key stages in a woman's career.

NACD Atlanta Names Russell and Pennella to its Board of Directors

Retrieved on: 
Friday, May 12, 2023
Concession, Federal Reserve Bank, CH2M, BS, Food, University, Federal Reserve Bank of Atlanta, Clarkson University, Russell & Company, Mechanical engineering, Georgia State University, History of the Georgia Institute of Technology, MBA, Georgia Research Alliance, Progress, Mechanical, Black, Organization, Atlanta metropolitan area, Sustainable business, Corporation, NACD, Metro Atlanta Chamber of Commerce, City, National Association, Atlanta Committee for the Olympic Games, Holding company, Management, Atlanta

ATLANTA, May 12, 2023 /PRNewswire-PRWeb/ -- The Atlanta Chapter of the National Association of Corporate Directors (NACD), is pleased to announce today the election of Michael Russell and Thomas L. Pennella to its NACD Atlanta Chapter Board of Directors.

Key Points: 
  • The Atlanta Chapter of the National Association of Corporate Directors (NACD) is pleased to announce today the election of Michael Russell and Thomas L. Pennella to its NACD Atlanta Chapter Board of Directors.
  • ATLANTA, May 12, 2023 /PRNewswire-PRWeb/ -- The Atlanta Chapter of the National Association of Corporate Directors (NACD) , is pleased to announce today the election of Michael Russell and Thomas L. Pennella to its NACD Atlanta Chapter Board of Directors.
  • "We are excited to announce Michael and Thomas, both dynamic directors, to the NACD Atlanta Board.
  • "I'm honored to join the NACD Atlanta Board of Directors," said Mr. Russell.

Payments Summit 2023 and U.S. Payments Forum Meeting Unites Industry to Explore Digital Payment Surge, Fraud Shifts, BNPL, Crypto Concerns and More

Retrieved on: 
Tuesday, April 4, 2023
Bitcoin, National Urban Security Technology Laboratory, Payments Canada, Digital, Visa, Trade-weighted US dollar index, FedNow, Government, Wallet, SVP, Cash App, Organization, Federal Reserve Bank, Fed, Generation Z, Federal Reserve, United States dollar, Apple, Growth, J. P. Morgan, Canada, Blockchain, PAN, B2B, Central bank digital currency, Venmo, Eye, Millennials, History, YOY, Max, Bank of America, International use of the U.S. dollar, PAR, Traction, Research, Fraud, Federal Reserve Bank of St. Louis, Forum, Gen, Federal, Central bank, American Express, USDC, BNPL, CBDC, CNP, EMV, Federal Reserve Bank of Atlanta, Nature, Mastercard, AI, Ecosystem, Bank, PII, Cryptocurrency, Mobile phone, Online shopping, Sales, Payment card, Zelle, Health care

While the U.S. Payments Forum Meeting is closed to non-members, The Payments Summit is open to the public.

Key Points: 
  • While the U.S. Payments Forum Meeting is closed to non-members, The Payments Summit is open to the public.
  • Bad actors are gaining access to valuable rewards accounts, crypto wallets and more to utilize loyalty perks and funds.
  • That’s according to data from the Amex Trendex: Digital Payment Edition shared during the U.S. Payment Forum’s meeting.
  • Over the course of the Payments Summit, the industry weighed the impacts and potential risks of digital currencies on a broad scale.

FinLocker Announces Recession-Proof Ways For Loan Officers To Expand Their Mortgage Sales Database

Retrieved on: 
Monday, February 13, 2023
Host, United States Census Bureau, Health and Retirement Study, Center for Economic Studies (U.S. Census Bureau), Federal Reserve Bank of Atlanta, HECM, Create, MRP, Retirement, Worldwide ERC, CTA, Tax, Social Security, National Association, Database, Certification, Friends, Health, Worldwide, Family, Social media, Generation X, City, Federal Reserve Bank, Social, Marketing, Education, Service, Ageing, Real estate, Property management, Life insurance, Bank

Working empty nesters who still have a mortgage might be interested in paying off their mortgage before they retire.

Key Points: 
  • Working empty nesters who still have a mortgage might be interested in paying off their mortgage before they retire.
  • Giving every prospective homebuyer a FinLocker app, private-labeled with your company's brand will also provide loan officers with the engagement layer to nurture borrowers through the MOFU stage.
  • The FinLocker product can also facilitate the BOFU stage by streamlining the mortgage application process and driving loyalty with additional tools for homeowners.
  • To give your loan officers a competitive advantage to expand their database and nurture homebuyers in the sales funnel, click here to watch the FinLocker online demo or schedule a 1:1 personal consultation .

Special Report: Middle-Income Families Resilient Amid High Inflation, Economic Uncertainty

Retrieved on: 
Friday, February 3, 2023
Personal Finance, Insurance, Women, Seniors, Finance, Men, Professional Services, Family, Consumer, Other Professional Services, Federal Reserve Bank of Atlanta, PRI, African-American family structure, NYSE, Face, Food, Federal Reserve Bank, CPI, Online shopping, Video game, Primerica

As many economists continue to predict a recession this year, middle-income families are already taking an economic hit that is threatening their long-term financial security.

Key Points: 
  • As many economists continue to predict a recession this year, middle-income families are already taking an economic hit that is threatening their long-term financial security.
  • “High inflation stings for everyone, but it’s especially painful for middle-income American families,” said Dr. Cutts.
  • “With prices increasing at the fastest rate in a generation, the middle-market is now spending their savings to make ends meet.
  • Respondents frequently overestimated their ability to save and limit spending, as well as their ability to pay all their bills.

David Nicholas of Nicholas Wealth Management named to the 2023 Atlanta Magazine 500 Most Powerful Leaders

Retrieved on: 
Thursday, February 2, 2023
CNBC, Retirement, News, Radio, Federal Reserve Bank of Atlanta, The Home Depot, Student Investment Advisory Service, CBS News, Atlanta (magazine), Federal Reserve Bank, CNN, Fox & Friends, Chair, Atlanta Braves, Fox Business, Public policy, Name, Legend, SIPC, FINRA, Management, Financial services, Chick-fil-A, Atlanta

ATLANTA, Feb. 2, 2023 /PRNewswire/ -- President and Founder of Nicholas Wealth Management, David Nicholas has been named one of the Top 500 Most Powerful Leaders in Atlanta by Atlanta Magazine .

Key Points: 
  • ATLANTA, Feb. 2, 2023 /PRNewswire/ -- President and Founder of Nicholas Wealth Management, David Nicholas has been named one of the Top 500 Most Powerful Leaders in Atlanta by Atlanta Magazine .
  • The Atlanta 500 includes corporate CEOs, leading educators, entrepreneurs, researchers, artists, nonprofit leaders, and individuals shaping public policy.
  • David founded Nicholas Wealth Management, an investment advisory and retirement planning firm in Atlanta, Georgia in 2012.
  • Nicholas Wealth Management and BluePath Capital, LLC are separate entities and are not owned or controlled by World Equity Group, Inc.

Federal Home Loan Bank of Atlanta Announces Results of Board of Directors’ Leadership Elections

Retrieved on: 
Tuesday, January 24, 2023
Audit, Federal Home Loan Banks, Credit, First Bancorp, First Presbyterian Church, Commerce, Financial compensation, CPA, Humanity, Economic development, Mission Health System, First, Federal Reserve Bank, First Bank, Compensation, Federal Reserve Bank of Atlanta, Independent Bank (Michigan), Holding company, Management

ATLANTA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the election for chair and vice chair of its board of directors.

Key Points: 
  • ATLANTA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the election for chair and vice chair of its board of directors.
  • He is past chairman of the South Carolina Bankers Association Board of Directors and past president of the Independent Banks of South Carolina Board of Directors.
  • Mr. Dunlap is the past chairman of Greenwood Partnership Alliance and served on the Piedmont Technical College Foundation Board of Directors.
  • Mr. Dunlap has served on the Ten at the Top Board of Directors since 2009 and is a founding director.