Labor Department News Releases Update
United States Department of Labor sent this bulletin at 03/19/2015 04:33 PM EDTYou are subscribed to the latest news releases from the U.S. Department of Labor.
Read the latest news releases.
03/19/2015 03:45 PM EDT
The Bank of New York Mellon has agreed to repay $84 million to employee benefit plan customers who were victimized through the bank's "standing instruction" foreign exchange trading program. The agreement was reached as part of a larger settlement that resolves private lawsuits against the bank as well as suits brought by the U.S. Department of Justice and the New York State Attorney General.
03/19/2015 03:00 PM EDT
This NEG was originally approved for up to $1,576,221 on April 30, 2014, with $721,370 initially released. Today's award increases the total funding to the full approved amount of $1,576,221. Individuals dislocated from three of the companies are certified as eligible for Trade Adjustment Assistance (TAA), and this dual enrollment project provides these workers with access to "wrap around" and supportive services that are not available through the TAA program. The full array of employment-related services allowable under a NEG is available to the workers not eligible for TAA.
03/19/2015 08:30 AM EDT
In the week ending March 14, the advance figure for seasonally adjusted initial claims was 291,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 289,000 to 290,000. The 4-week moving average was 304,750, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 302,250 to 302,500.