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(CNN) -- JPMorgan wants to give people with criminal records a second chance at a good job.The United States is boasting its lowest unemployment rate in nearly 50 years, but that doesn't hold true for people with prior convictions. Enter the largest bank in the country, which said on Monday it wants to level the playing field."When someone cannot get their foot in the door to compete for a job, it is bad for business and bad for communities that need access to economic opportunity," said JPMorgan CEO Jamie Dimon in a press release.The bank said it wants to broaden its pool of potential employees after already hiring some people with a conviction on their record for entry-level jobs, like transaction processing and account servicing.The United States loses between billion and billion in annual GDP by excluding people who have a criminal record from the workforce, according to the bank. Studies also show that providing education and opportunities also reduces recidivism."Jamie [Dimon] believes, and we believe as a firm, that business has an important role to play in building a more inclusive economy," Heather Higginbottom, president of the newly launched JPMorgan Chase PolicyCenter, told CNN Business.Financial institutions are regulated by the Federal Deposit Insurance Corporation as far as hiring goes. The agency began relaxing the rules last year.JPMorgan has now "banned the box" that asks prospective employees whether they have a criminal record.Barriers to entryBut there are still plenty of employers requiring the disclosure of prior convictions, and that poses a barrier to entry to the job market for people with a criminal background.Because of that, the unemployment rate is much higher for Americans with records than for those without. In fact, it's an estimated 27% for the roughly five million formerly incarcerated people in the country, according to JPMorgan. That is compared with 3.5% for the United States as a whole.A record that is eligible for pardon or to get expunged shouldn't matter for a job applicant, Higginbottom said.But if you robbed a bank, chances are you're still not getting hired by JPMorgan."We're not lowering our hiring standards," Higginbottom said.Last year, 10% of its hires — 2,100 people — had some sort of criminal record, she added. Crimes ranged from disorderly conduct to personal drug possessions and DUI charges.Getting a record expunged can be confusing and the process differs from state to state, Higginbottom said. A study done in Michigan showed that only 6.5% of people eligible for a clean slate actually go through the process of expunging their records. Pennsylvania, Utah and California have passed laws to automate the process. A handful of other states are moving to do the same.JPMorgan said it will be working with community organizations that can help guide people in the process.The bank said it will invest some billion in community organizations in cities including Chicago, Detroit and Nashville to support people with a criminal past. 3046
(KGTV) — Authorities have identified the South Bay woman killed in a multi-vehicle pileup on Interstate 5 in Irvine this week.Maria Osuna, 25, of National City, was killed in the collision involving at least nine vehicles at about 1:25 a.m. on I-5 near Irvine Spectrum Center.Osuna was the only person killed in the crash, according to California Highway Patrol.RELATED: Girl, 12, among victims in fiery wrong-way crash on Interstate 805 in University City areaA six-month-old boy, believed to be Osuna's son, also suffered "major to moderate injuries" in the crash. 10News learned that the boy was taken to Mission Viejo hospital.Two other children from different vehicles were also hospitalized with unknown injuries.A 22-year-old Nevada man was arrested on suspicion of DUI, according to ABC7 in Los Angeles. Authorities believe he caused the chain-reaction crash.An Uber driver told ABC7 that his Toyota Prius -- which had no passengers at the time -- was the first to be struck by the suspect’s Dodge Challenger. He said 10 minutes passed before additional vehicles became involved in the pileup. 1139

(KGTV) -- A group of women were rescued from a giant rainbow unicorn floatie in Minnesota Saturday.According to the local sheriff’s department, deputies were driving by a lake when they noticed the women stuck in the weeds atop the floaty.The department said in a tweet, “With a handful of laughs and some mad rescue roping skills they were pulled back to the dock!” 384
(KGTV) — For shoppers who find themselves needing a holiday gift at the last minute this year, several retailers will keep their doors open with special hours.Major retailers have changed their normal hours on Dec. 23 and 24 to give those last-minute shoppers plenty of time to find the perfect gift.According to Offers.com, Americans will spend an average of 6 on holiday gifts this year. RELATED: Hundreds of San Diego kids get holiday shopping spree with copsAbout 80 percent of those shoppers will get their shopping done in December, according to the website. About 42 percent of shoppers also plan to take care of that shopping in store.Department store holiday hours:Bed Bath & Beyond - Dec. 23: 8 a.m. to 11 p.m.; Dec. 24: 8 a.m. to 6 p.m.Best Buy - Dec. 23: 8 a.m. to 11 p.m.; Dec. 24: 7 a.m. to 6 p.m.BJ's - Dec. 23: 8 a.m. to 10 p.m.; Dec. 24: 8 a.m. to 6 p.m.Costco - Dec. 23: 10 a.m. to 8:30 p.m.; Dec. 24: 9 a.m. to 5 p.m.Dillard's - Dec. 23: 9 a.m. to 10 p.m.; Dec. 24: 8 a.m. to 6 p.m.Game Stop - Dec. 23: 9 a.m. to 10 p.m.; Dec. 24: 8 a.m. to 8 p.m.Home Depot: Dec. 23: Regular store hours; Dec. 24: Opens at 6 a.m., closing hours vary by locationJCPenney - Dec. 23: 7 a.m. to 10 p.m.; Dec. 24: 7 a.m. to 6 p.m.Kohl's - Dec. 23: 24 hours; Dec. 24: 12 a.m. to 6 p.m.Macy's - Dec. 23: 7 a.m. to midnight; Dec. 24: 7 a.m. to 6 p.m.Nordstrom: Dec. 23: 9 a.m. to 10 p.m.; Dec. 24: 8 a.m. to 6 p.m.Sam's Club - Dec. 23: 7 a.m. to 9 p.m.; Dec. 24: 7 a.m. to 6 p.m.Target - Dec. 23: 7 a.m. to 11 p.m.; Dec. 24: 7 a.m. to 10 p.m.Walmart - Dec. 23 & Dec. 24: Check specific store's regular hours 1621
(KGTV) - A truck driver narrowly missed a boy stepping off his school bus in Norway.Video from another truck’s dash cam shows the boy running straight into the path of the oncoming vehicle.The truck driver slammed on the brakes and missed the boy by centimeters.The dash cam owner said he flashed his lights to help alert the truck driver. 347
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