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Orlando Police Foundation Creates $75K Endowment for UCF Undergrads on ‘Day of Giving’
University of Central Florida criminal justice and legal studies students will be able to receive new annual scholarships as part of a $75,000 endowment announced Thursday by Orlando Police Chief Eric Smith. The endowment, donated by the Orlando Police Foundation on UCF’s “Day of Giving,” will fund $1,500 scholarships annually to two undergraduate students of both majors. Smith, who graduated from UCF in 1993 before embarking on a 28-year career at the Orlando Police Department, said the money is aimed at helping students complete their programs and, hopefully, to boost recruitment efforts at the department and other local agencies. “We have a lot of UCF alumni that work for us throughout the whole department. From our communications to our police officers to our analysts, we are well-represented by UCF graduates,” Smith said. “It’s one of the biggest places we recruit from … this is just another link in that chain in trying to get more people to come to OPD and work for us.” B. Grant Hayes, dean of UCF’s College of Community Innovation and Education, thanked Smith and the foundation for the endowment and their “commitment to supporting the success of our students.” “This endowed scholarship,” he said, “will help students expand their talents, their identity and to pursue careers that really impact the community and pave the way for more UCF students to unleash their potential to serve their communities.”
Orlando Sentinel
Americans Becoming More Concerned About Job Loss and Ability to Pay Off Debt
The fear among Americans about losing their job and being unable to pay their bills is at the highest level in years. Results of the latest Survey of Consumer Expectations, released April 8 by the Federal Reserve Bank of New York's Center for Microeconomic Data, showed that concern among Americans about losing their job is at the highest level it has been since September 2020. Economists participating in the first-quarter 2024 Bankrate Economic Indicator Survey predict that the unemployment rate will rise to around 4.2% by March 2025. While the job market has exceeded expectations for five straight quarters, they also predict that employers will scale back on hiring. Between now and March 2025, economists expect the rate of job growth to average about 117,000 per month—half the growth seen in the previous 12 months. Among the 17 economists participating in the survey was Sean Snaith, director of the Institute for Economic Forecasting at the College of Business at the University of Central Florida. In an interview with The Epoch Times, Snaith suggested that a softening of the labor market is likely to occur as we move through the next three quarters of 2024. “I don’t think this is going to be a dramatic change in the labor market in terms of a large increase in unemployment or widespread layoffs. But I do think hiring will slow to a crawl and I think we will see the unemployment rate tripped up over the course of the year,” he said. Despite the sentiments expressed by the respondents in the survey of consumer expectations, Mr. Snaith said the national labor market is very strong.
The Epoch Times