In spite of a lackluster jobs report Friday, September 6 that questioned the country’s economic stability, analysts are of the opinion that the Federal Reserve will be pulling back on its stimulus program that helps secure the job market in a matter of weeks.

Economists said Fed governors would make light of the Labor department’s August report that showed a meager addition of only 169,000 jobs to the employment market, and still justify dwindling their monthly purchase of long-term Treasury bonds and mortgage-backed securities – initiatives that help push down long-term interest rates – after their next assembly on September 17 and 18.

Pantheon Macroeconomics chief economist Ian Shepherdson said Fed governors should postpone making such an action, as “the risks posed by Syria and the impending fiscal chaos in Washington” are at hand, with Shepherdson referencing Congressional debates over debt limit and spending measures.

Unfortunately, regardless of the job market, many people are treated unfairly by their employers. At The Melton Law Firm, our attorneys are dedicated to helping Austin residents who have suffered through such mistreatment, from unpaid overtime to workplace discrimination. Call us at 512-330-0017 to discuss your case with us today.

Bank of America-owned brokerage giant Merrill Lynch, one of the world’s largest brokerage firms with more than 15,000 financial advisers, and the lawyers for hundreds of its African-American financial advisers, who accused the company of racial discrimination, reached a $160 million settlement on Wednesday, August 28.

Merrill Lynch issued a statement on the same day saying that they will not comment on the “existence of a settlement [nor its status].” The company maintained that it practices fair standards among all its employees, saying that all its financial advisers are “judged by the same metric regardless of race.”

However, the plaintiffs claimed discrimination prevailed in the company, citing as proof a 2009 filing that only 2 percent of the brokers at Merrill Lynch were black.

If you too are facing racial discrimination from your Austin employer, seek the assistance of our lawyers at The Melton Law Firm. We can help you fight any acts of discrimination, in addition to other employment violations, so call us at 512-330-0017 today.