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Considerable spikes in employment characterized the U.S. economy in May – more than enough to offset an April jobs report viewed as underwhelming in numerous respects. According to the latest Employment Situation Summary from the Bureau of Labor Statistics, nonfarm payroll employment in America rose by 223,000 through May. This was...
Last Thursday, the Senate confirmed Jelena McWilliams as the new chair of the FDIC. McWilliams will replace former chairman Martin Gruenberg. Jelena McWilliams was the executive vice president and chief legal officer for Fifth Third Bank. McWilliams confirmation comes at a pivotal time for the financial industry. The Federal Reserve is...
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