What Accommodative Policy - Economic Target not People of Color stakeholders

Dr. Charles Evans - President and Chief Executive Officer

CHICAGO - (MPA-PPR) February 7, 2013, Today on Squawk Box, Dr. Charles Evans, Federal Reserve of Chicago gave a "high-end" and non-inclusive analysis while saying the market is "accommodative"  His outlook of 7% (7.9% Labor Department employment rate) does not speak to the millions in this nation that are People of Color and the Work Challenged (racial, gender and age).

Jobs Report Still Bleak for Black Workers Under 30
Among the major worker groups, the unemployment rates for adult men (7.3 percent), adult women (7.3 percent), teenagers (23.4 percent), whites (7.0 percent), blacks (13.8 percent), and Latinos (9.7 percent) showed little or no change in January. The jobless rate for Asians was 6.5 percent (not seasonally adjusted), little changed from a year earlier.  more

Participation rate
The participation rate in the marketplace for African American and other People of Color have not increased in an economic "trend".  Given the above totals, the employment rate difference for African American was 13.8% and Latinos were 9.7%).  The methods of acquiring data for both African American and Latino work groups in high poverty census tracts are skewed when "lumped" in the national total.  It also allows a significant portion of the population, People of Color, to not be represented AND not addressed for accuracy and infrastructure growth.  The 7.9% mentioned for January and by Evans, speaks to the Caucasian population.

Generation Opportunity, a non-partisan organization advocating for Millennials ages 18-29, breaks down January jobs numbers for millennials.

Economic Target
Evans (Evan's Rule) and those representing the banking and financial industry say they are going to hold interest rates until unemployment is 6%, yet they are not working with neighborhood stakeholders, central banks, CDFI/Community Development Financial Institutions, SBA/Small Business Administration, other financial institutions and other marketplace stakeholders to help the "un- and under-employed" become full participators in the marketplace.

Carol Marie - WI Business Growth Fund, David Lubar - Lubar & Company and Jeffrey Joerres - Manpower
Advisory - Chicago Federal Reserve Advisory Council and Board of Directors

Mary Glass, Chair/CEO, Milwaukee Professionals Association LLC said, "We reached out to Charlie Evans  during the semi-annually Monetary Policy report (July 17, 2012) and he would not respond after several attempts to get him to do so."

"My office brought to his attention that two members of the Chicago Federal Reserve Advisory Council on Agriculture, Small Business and Labor (David Lubar - Lubar & Company and Carol Marie - Wisconsin Business Growth Fund) as well as Chicago Federal Reserve Board of Directors, Jeffrey Joerres-Manpower, have failed to intereact/engage with Milwaukeeans, especially African American and other People of Color in an informative and empowering way.  This is about eliteness, proxy without authorization and Discrimination." 

"How can we grow with the trends when inhouse headwinds of 'discrimination' is alive, well and operating with Evans/U.S. Federal Reserve enabling?"
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Squawk Box Videos - February 7, 2013 - See Charles Evans videos