Benefits May 15, 2001

Confidence Shaken, But Outlook Still Positive

May 15, 2001 (PLANSPONSOR.com) - While almost 72% of workers are concerned about the increasing unemployment rate, nearly half believe that they could find a job within a month if they were given their pink slips today, a recent survey found.
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More educated workers have less to worry about. The Department of Labor notes that while US unemployment stands at 4.3%, only 2.3% of college graduates aged 25 and older are unemployed.

Indicative of the trend towards shorter spells of service at the same company, the poll of 6,000 workers by recruiter CareerBuilder Network also found that 87% of respondents do not expect to remain in their present jobs until retirement.

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Deals and People May 14, 2001

Bush To Nominate EEOC Head

May 14, 2001 (PLANSPONSOR.com) - The Bush administration is ready to nominate candidates for two key government positions, including head of the Equal Employment Opportunity Commission (EEOC).
Reported by

President Bush plans to name Cari Dominguez, a former high-ranking Labor Department official, to head the Equal Employment Opportunity Commission. He also plans to nominate Brian Roseboro, a risk management expert and former chief foreign exchange officer for the Federal Reserve Bank of New York, as assistant secretary of the treasury for financial markets.

Equal “Opportunity”

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Dominguez, currently a principal at Dominguez and Associates, a workforce issues consulting firm, previously served as director of the Labor Department’s Office of Federal Contract Compliance Programs and later as assistant secretary of labor for employment standards during the prior Bush administration.

Once confirmed by the Senate, Dominguez will be designated as chairman of the five-member commission, replacing Ida Castro, according to the White House. Dominguez will serve a five-year term expiring July 1, 2006.

Castro and the other two current EEOC commissioners are Democrats, serving in fixed, staggered five-year terms, the earliest of which expires in July 2002. Bush still needs to fill the fifth remaining vacancy and to name a new general counsel to the commission, according to BNA.

Dominguez, a native of Cuba, received bachelor’s and master’s degrees from American University and graduated from Massachusetts Institute of Technology’s advanced public management fellowship program.

Treasury Tap

If the Senate confirms his nomination, Roseboro’s duties would include oversight of the Treasury Department’s debt management operations.

Roseboro, 41, is deputy director of market risk management at American International Group.

He has previously worked at investment bank SBC Warburg Dillon Read and at the First National Bank of Chicago. From 1983 to 1986 he held several positions at the New York Fed, including chief dealer for foreign exchange trading, according to Reuters.

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