JPMorgan Chase has removed a box on its job applications asking people about previous criminal convictions and will invest $7 million in community organizations to help those who have been convicted of crimes. About 10% of the bank's applicants hired last year had a criminal record, and JPMorgan Chase officials said hiring standards have not been lowered in its effort to offer second chances.

Seventy-five percent of workers in the US leave their jobs within five years, according to a study by iHire. Among the factors contributing to the job-hopping trend are dissatisfaction with wages (16%), low opportunity for growth or advancement (11.7%) and toxicity in the workplace (10.7%).

US employers are not prohibited by federal law from asking about job applicants' criminal histories, but they cannot discriminate against applicants based on family medical history and must follow strict guidelines when using drug screening or credit checks as part of their employment processes, Maria Greco Danaher writes. Federal standards contain certain exemptions for minimum wage and overtime requirements but do not require specific meal and rest breaks.

A surge in college education among white individuals is exacerbating a racial employment gap, with whites holding 58% of jobs paying a family-sustaining wage in 2016, while blacks and Latinos held fewer than half of such jobs, according to a new report by Georgetown University's Center on Education and the Workforce and JPMorgan Chase & Co. Center director Anthony Carnevale says more money for community colleges and retraining programs is needed to close the gap.