Federal Employment System Act

Federal Employment System Act - Establishes the Federal Full Employment Board as an independent agency in the executive branch. Directs the Board to: (1) recommend to the President and the Congress by January 20 of each year a legislative program to help achieve full employment and alternative means of attaining that objective; (2) request the President to direct the implementation of federally funded programs directly or indirectly affecting employment; (3) review and make recommendations with respect to governmental policies in terms of the impact of such policies upon achieving full employment and to decisions made by private and public employers; (4) undertake national and regional manpower and employment planning including taking affirmative action to encourage participation and cooperation of employers and trade unions to improve such planning; (5) assess the activities of relevant Federal agencies for the purpose of developing an improved labor market exchange system; (6) hold nationwide and regional conferences designed to encourage the support of management and labor in meeting the objective of full employment; and (7) analyze and make recommendations with respect to the extent to which the Federal budget may assist in reaching full employment.

Establishes ten regional full employment councils, to be located in designated cities. Includes among the functions of the regional councils (1) making policy recommendations to the Federal Full Employment Board, (2) making general assessments and analyses of long- and short-range labor shortages and surpluses in regional labor markets, (3) encouraging greater coordination between education and training institutions and industrial and labor organizations, and (4) disseminating specified materials and publishing an annual nontechnical report for the people of the region on conditions in local labor markets.