Data/Research - Community Development Resources
This Federal Reserve Bank of Atlanta discussion paper examines a sample of recent randomized controlled trials of workforce development programs and reports to what extent this body of evidence informs policymakers about what works at scale. The findings show that most programs are implemented at a small scale, use nonrandom samples from the population of interest, and are concentrated in the most populous urban areas and U.S. states.
Consumer & Community Context is a new article series from researchers at the Federal Reserve Board. The series features original analysis of financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The first issue focuses on two questions regarding student loan debt: can it explain low homeownership rates for young adults, and does it affect millennial migration patterns or "rural brain drain"?
The Opioid Epidemic and Its Effects: A Perspective on What We Know from the Federal Reserve Bank of Cleveland
Drug overdoses are now the leading cause of death for Americans under 50. In the Fourth Federal Reserve District states of Kentucky, Ohio, Pennsylvania, and West Virginia, opioid overdose deaths are at least 1.5 times more frequent than the national average. This report details what the Cleveland Fed has learned about the opioid epidemic and specifically, its effect on workers’ participation in the labor force.
This issue of the Community Pulse presents the findings from our 2017 survey. Amount of/and or access to affordable housing, skill level of local labor force and general poverty were the top three current issues in the fifth district.
This issue of 5th District Footprint examines opioid prescription rates and drug overdose mortality rates in the Fifth District.
The Atlanta Fed’s interactive data tool identifies well-paying jobs across various educational requirement levels in states and metro areas. The monitor separates occupations into labor market groups based on entry-level educational requirements by employers. It also provides geographic-specific information on occupations, including total employment, median salary, and percent of monthly income needed for median regional housing costs.
"Investing in America’s Workforce: Report on Workforce Development Needs and Opportunities" analyzes information gathered from nearly 1,000 leaders who work at the intersection of workforce training, recruitment, and finance. The study provides a current snapshot of the workforce development sector and its key challenges. It offers strategies for improving the human capital of America’s labor force, expanding access to jobs, and innovating workforce development funding.
Opportunity Occupations: Exploring Employers’ Educational Preferences for Registered Nurses Using Online Job Posting Data
The Cleveland Fed took a deep dive into the Registered Nurses (RN) labor market, using online job posting data to gain a better understanding of how much education employers prefer when hiring. Why RNs? Since 2014, online job postings for RNs have far outpaced the postings for all other jobs.
In the July 2017 edition of Housing Market Perspectives, St. Louis Fed economist Bill Emmons considers homeowner's equity, or HOE, as the single largest component of wealth for black and Latino families, accounting for nearly half of those families' wealth as opposed to roughly a third for Asian and other families and about a quarter for white families.
New approaches to developing such training programs are the topic of an Atlanta Fed ebook, Developing Career-Based Training. The ebook is a collaboration with national experts in workforce development. It follows the Atlanta Fed’s first ebook, Models for Labor Market Intermediaries, which shows how organizations in different contexts make the connections needed to address local workforce challenges. The ebook is also a companion to the 2015 publication, Transforming U.S. Workforce Development Policies for the 21st Century.
In this fourth issue of the Quarterly Debt Monitor, covering the fourth quarter of 2016, the St. Louis Fed explores decreasing auto debt growth alongside a rise in subprime delinquencies on car loans. Over the past few years, strong lending of auto and student debt has buoyed total debt, accounting for the majority of credit expansion. This report offers a closer look at auto lending, including the factors that contributed to the expansion in this sector.
In 2016, the Federal Reserve Bank of San Francisco held a series of roundtable discussions across the Western states to examine drivers of the recent rise in involuntary part-time employment and the impact it has on lower-income households. This paper summarizes existing research on the topic of underemployment, discusses themes that surfaced during the locally focused meetings, and proposes ways to address the underlying causes through solutions that build on the interrelated nature of housing, jobs, transportation, and child care.
The third issue of Community Scope 2016 will offer a broad overview of the challenges faced by today’s watermen that may be precipitating their declining numbers and will discuss alternative and supplemental employment options that may be available to them.
Unequal growth at the ends of the income distribution has received much attention in recent years, but what income trend has the middle quintile experienced since the Great Recession? The March 2017 issue of 5th District Footprint examines this change in real mean income.
In this third issue of the Quarterly Debt Monitor, which focuses on the third quarter of 2016, the St. Louis Fed finds consumer debt growth stalling in the four largest metropolitan statistical areas (MSAs) in the St. Louis Fed's District (St. Louis, Little Rock, Ark., Louisville, Ky, and Memphis, Tenn.) and across the United States. Additionally, a special section is included in the issue that focuses on consumer debt trends in some of the smaller MSAs in the District, including Evansville, Ind.-Ky.; Fayettevillle-Springdale-Rogers, Ark.-Mo.; Jackson, Tenn.; and Springfield, Mo.
In this second issue of the Quarterly Debt Monitor, covering the second quarter of 2016, the St. Louis Fed gives a detailed report on consumer debt nationally compared with the four largest metropolitan statistical areas (MSAs) in the St. Louis Fed's District (St. Louis, Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.) and finds consumer debt grew across the United States, as well as all of the MSAs in the Eighth Federal Reserve District.
In this inaugural edition covering the first quarter of 2016, the St. Louis Fed reports on consumer debt nationally compared with the four largest metropolitan statistical areas (MSAs) in the Eighth Federal Reserve District. These quarterly reports will examine changes in total consumer debt and in specific types of liabilities: mortgages, home equity lines of credit (HELOC), automobile and student loans, and credit card balances.
While the preventive effect of loan modifications on mortgage default has been well-documented, evidence on the broad consequences of modifications has been fairly limited. Based on two unique loan-level data sets with borrower credit profiles, the study Borrower Credit Access and Credit Performance After Loan Modifications reports novel empirical evidence on how homeowners manage their credit before and after receiving modifications.
Student Debt, Wealth Inequality, and the Return on a College Degree: The Role of Children’s Savings Accounts
Research shows that in time, an investment in higher education eventually pays off. However, the payoff of investing in higher education varies greatly depending on whether one graduates with or without student debt. This Chicago Fed blog, from November 2016, summarizes the disparity of investment returns in education between those with and without student debt, and ways to make such returns more equitable.
This Dallas Fed article provides an overview of the latest in Texas' payday lending field, highlighting impact on low-income communities, recent changes to local ordinances, the CFPB's proposed federal regulations and low-cost alternatives in the state and across the U.S.
In this issue of 5th District Footprint, the Richmond Fed explores changes in the net migration rates of individuals within Fifth District counties from 2011 to 2015. The U.S. Census Bureau estimates net migration rates annually by expressing the net number of individuals that moved into a county from the U.S. (domestic migration rate) and abroad (international migration rate) as a percentage of the county’s total estimated population.
Interested in learning consumer credit trends in your region? The Consumer Credit Explorer (CCE) is a new interactive tool for examining trends in consumer credit use at the regional, state, and national levels. The CCE enables users to look at quarterly changes in credit use indicators from 2005 to 2015 and to compare indicators across different areas. Check out the CCE and examine key credit use indicators related to mortgage debt, auto debt, student loan debt, debt collections, and others. Users can view these indicators by borrowers’ neighborhood income, credit score, and age.
In this issue of 5th District Footprint, the Richmond Fed examines the share of people living in a county’s low- and moderate-income (LMI) areas. In the Fifth Federal Reserve District, the average county’s percentage of population living in LMI areas was 23 percent with a median of 18 percent. Financial institutions and regulators use the income level indicator to determine whether banking activity is taking place in targeted areas.
The rapid growth of asset poverty in the United States is a troublesome sign that millions of families nationwide lack the resources necessary to secure a more stable financial future. The findings in this report, published by the San Francisco Fed, from the National Asset Scorecard for Communities of Color (NASCC) survey reveal major disparities in wealth accumulation across various racial and ethnic groups in Los Angeles.
Boosting the Power of Youth Paychecks: Integrating Financial Capability into Youth Employment Programs
This working paper from the San Francisco Fed summarizes the results of the first-ever quasi-experimental design study of a youth financial capability initiative seamlessly integrated into a youth workforce development program.
This blog summarizes responses from the latest survey from the Federal Reserve Bank of Chicago’s Community Development and Policy Studies (CDPS) Division survey focused on two topics: (1) community bank closures/acquisitions and (2) student debt.
The Low- and Moderate-income Conditions Survey:A Summary of Seventh Fed District Community Development Practitioner Responses
Increased employment hasn’t translated into greater financial well-being, according to findings from the LMI ((low- and moderate-income) survey published by the Chicago Fed’s Community Development and Policy Studies (CDPS) Division. While surprising on its face, Seventh District respondents offer three broad reasons for this seeming contradiction.
Given changing regulatory and market factors in mortgage finance, the time is ripe for innovation, and it behooves policymakers, business leaders, and communities to consider potential alternatives to traditional mortgages. In this 2016 ProfitWise New and Views article, the Chicago Fed’s Community Development and Policy Studies (CDPS) Division explores five innovative products in the residential mortgage marketplace – some already in place, others in progress.
Federal funding for the traditional workforce development system has declined dramatically over the past few decades. In this April 2016 discussion paper, Stuart Andreason from the Atlanta Fed examines several promising alternative financing models for workforce development programs, such as social impact bonds and income-share agreements.
In this Forefront article, two Cleveland Fed researchers look at whether the increase in student loan debt could be responsible for the decline in mortgage borrowing among those between the ages of 18 and 30.
Some local communities are developing and deploying effective strategies and tactics to address common challenges in local workforce development. Critical to this effort is the fostering and facilitation of partnerships with traditional and nontraditional organizations. These partnerships are the topic of the Federal Reserve Bank of Atlanta’s recently released electronic book--a collaboration with national experts in workforce development, and companion to the 2015 publication, Transforming U.S. Workforce Development Policies for the 21st Century.
Close collaboration in the workforce development field is the current trend, creating a more accessible system for businesses and job seekers alike. In this Economic Development podcast, the Atlanta Fed's Stuart Andreason and Dee Baird of the Cedar Rapids Metro Economic Alliance discuss research findings on how the various players collaborate.
In this Community Development Issue Brief from the Boston Fed, researchers offer insights from interviews with both African American and Caribbean-ancestry blacks that disturb any presumption that those who have made it to the middle class have achieved economic stability.
Poor access to credit has long been theorized to contribute to poverty and economic inequality. However, costly fringe credit products like payday loans may be even more harmful. Critics call for strict regulation of such products, while the empirical evidence on the effects of fringe borrowing is mixed. In this Community Development Discussion Paper from the Boston Fed, researchers examine how regulation on fringe lending at the federal level and payday lending bans at the state level affected credit standing, search, and access of likely fringe borrowers.
The Tenth District Consumer Credit Report summarizes consumer credit trends in the Tenth District and compares conditions to the nation and across states. The reports provide data on consumer debt, loan delinquency rates, personal bankruptcy filings and mortgage delinquencies. As a special topic, this issue explores the composition of consumer debt.
Lacking transit access, many lower-skilled workers in Northeast Ohio miss out on job opportunities, say Cleveland Fed researchers. This study looks at what Northeast Ohio business and civic leaders can do to increase job access.
What happens in metropolitan labor markets that are successful at attracting and retaining residents with a bachelor or higher degree? This discussion paper by the Atlanta Fed's Stuart Andreason investigates labor market outcomes in "leader metros."
Transforming U.S. Workforce Development Policies for the 21st Century is a dynamic new book that explores how innovative policies and practices can meet the changing needs of workers, businesses, and their communities. Produced in partnership by the Federal Reserve Banks of Atlanta and Kansas City, and the John J. Heldrich Center for Workforce Development at Rutgers University, this edited volume presents contributions from more than 65 leading scholars and practitioners engaged in workforce development. They examine the state of the labor market, and potentially transformative workforce development and education strategies and policies to improve opportunities for job seekers, students, and workers, especially those encountering the greatest difficulties in the labor market.
Are there well-paying jobs for people without a four-year college degree? Identifying Opportunity Occupations in the Nation's Largest Metropolitan Economies summarizes research conducted by the Federal Reserve Banks of Philadelphia, Cleveland, and Atlanta on employment opportunities for workers without a formal education. This research examines what employment opportunities can be considered opportunity occupations, where these opportunity occupations are located, and how employer preferences differ from the education requirements for these jobs.
Over the past 35 years, America's fertility has reflected, to some extent, the business cycle, but that trend doesn't appear to be holding up in the current expansion. Two Cleveland Fed researchers take a closer look at this in an August 2015 Economic Trends.
The second student loan article in the Dallas Fed's Texas Consumer Credit Series explores possible factors influencing Texas student loan trends, higher education financing tools and circumstances that contribute to loan delinquencies. It shows that despite growing concerns, student loans are critical in bringing higher education–and a brighter financial future–within reach for many.
This new Kansas City Fed publication is a consolidation of two existing publications: the LMI Survey and Tenth District LMI Labor Force Report, neither of which will be published separately in the future. The impetus for the change was a desire to provide information on economic conditions in the low- and moderate-income (LMI) community in a concise and complete publication. Each issue will continue to report results from the LMI Survey, and a labor market section will offer additional analysis of official labor market data relevant to LMI communities.
This third essay in the Center for Household Financial Stability’s “Demographics of Wealth” series from the St. Louis Fed examines the connections between age and wealth. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
Organizations that help foster regional coordination among workforce development service providers recently convened to discuss successful strategies. This May/June 2015 Partners Update article summarizes their discussions, which include key challenges and methods for surmounting them.
This second essay in the Center for Household Financial Stability’s “Demographics of Wealth” series examines the strong correlation between education and money. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
The Tenth District Consumer Credit Report summarizes consumer credit trends in the Tenth District and compares conditions to the nation and across states. The reports provide data on consumer debt, loan delinquency rates, personal bankruptcy filings and mortgage delinquencies.
The widening wealth gap in the US is a worrisome sign that millions of families nationwide do not have enough in assets to offer better opportunities for future generations. Using the National Asset Scorecard for Communities of Color survey data, researchers at the Boston Fed analyzed assets and debts among subpopulations in the Boston MSA according to race, ethnicity, and country of origin—granular detail ordinarily unavailable in public datasets. Their analysis shows large differences between white and nonwhite households, and that the net worth of whites compared with nonwhites is staggeringly divergent.
Interested in knowing what credit conditions are like in your community and elsewhere? The New York Fed's Community Credit interactive maps highlight credit conditions in communities across the United States. The maps provide measures of credit inclusion and credit stress for the US., as well as for states and counties, from 2005 to 2014. Indicators include the percentage of quality borrowers and the percentage of residents who have access to some type of formal credit.
This discussion paper by the Atlanta Fed's Stuart Andreason and Ann Carpenter examines the Atlanta metro area’s challenges in coordinating workforce development programs and services. The paper explores four cities that can serve as models of successful collaboration--Boston, Chicago, Cincinnati, and Detroit.
The New York Fed's Regional Household Debt and Credit Snapshots provide an overview of trends in borrowing and indebtedness at the state and local level. Snapshots include data about mortgages, student loans, credit cards, auto loans, home equity lines of credit (HELOC) and delinquencies.
This first essay in the Center for Household Financial Stability’s “Demographics of Wealth” series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. The essay is the result of an analysis of data collected from more than 40,000 heads of households between 1989 and 2013 through the Federal Reserve’s Survey of Consumer Finances.
From Classroom to Career: An Overview of Current Workforce Development Trends, Issues and Initiatives
This Fall 2014 edition of the Federal Reserve Bank of Chicago’s Profitwise News and Views highlights: workforce-focused programs and research around the Federal Reserve System; trends in educational attainment and (resulting) wage disparity; skills gaps among those seeking work; employer efforts to train workers; and examples of current workforce development initiatives in the District.
To what extent does the Small Business Administration (SBA) 7(a) loan guarantee program help facilitate flows of credit to small businesses in the city of Detroit, and to black and low- and moderate-income neighborhoods in Michigan? The Chicago Fed's Community Development and Policy Studies (CDPS) Division offers its analysis in this insightful article.
The LMI Labor Force Report provides a snapshot of low- and moderate-income (LMI) labor market conditions in the Federal Reserve's Tenth District. The current report contains individual-level data from the Current Population Survey to compute statistics about LMI labor market conditions. It also provides updated information from the Kansas City Fed's LMI Survey on the availability of jobs in LMI communities and obstacles faced by LMI workers.
The Federal Reserve Bank of Kansas City's biannual Consumer Credit Report provides a snapshot of consumer credit conditions in each of the Tenth District's seven states: Colorado, Kansas, western Missouri, Nebraska, northern New Mexico, Oklahoma and Wyoming. The reports provide data on consumer debt, loan delinquency rates, personal bankruptcy filings and mortgage delinquencies, including maps showing serious mortgage delinquencies county-by-county.
The Kansas City Fed's biannual survey measures the economic conditions of low- and moderate-income (LMI) populations and the organizations that serve them. LMI individuals have incomes below 80 percent of the area median income, which is defined as the metropolitan median income for urban residents and state median income for rural residents.
The first student loan article in the Dallas Fed's Texas Consumer Credit Series examines patterns and trends in student loan borrowing and its impacts. Part 1 shows that Texas' average student loan balance is lower than the national average, while delinquency rates are higher.
Analyzing Home Mortgage Disclosure Act (HMDA) data, researchers at the Boston Fed provide a brief overview of New England's mortgage lending activity in 2012 and evidence of disparities in loan origination outcomes for borrowers of various incomes, races, and ethnicities in this Community Development Issue Brief from November 2014.
Disagreement over the nature of poverty and debate over how to address it are part of a long-running narrative in our nation. In a new essay published in Ledger, the Boston Fed's economic education journal, writer Bob Jabaily looks at three aspects of this narrative: the recurrence of certain themes in America's response to poverty, the ongoing discussion over how to define and measure poverty, and some of the more notable efforts to document the lives of poor people and raise awareness of poverty.
This Dallas Fed 2014 research update presents maps and charts of consumer loan balances and delinquencies in the Eleventh District. The report indicates that aggregate consumer debt increased 7.6% from 2013, yet consumer loan performance in the district was still improved.
Interested in learning about current issues affecting consumer financial well-being? Curious about what trends in household financial behaviors and sentiments have looked like since the recovery? In this August 26, 2014, Connecting Communities® webinar session, participants hear findings from a recently issued report covering results from the Survey of Household Economics and Decisionmaking (SHED) in 2013. Speakers include: Anna Alvarez Boyd, senior associate director; David Buchholz, assistant director; Max Schmeiser, senior economist; and Jeff Larrimore, economist, all from the Federal Reserve Board of Governors.
The Kansas City Fed recently launched the first installment of its newest periodic series. The Tenth District LMI Labor Force Report provides a snapshot of low-and-moderate-income (LMI) labor market conditions in the Tenth Federal Reserve District. The analyses provide trends in unemployment rates, employment projections for workers with training and experience typical of the LMI, wage data, and the LMI Job Availability Index from the Kansas City Fed’s LMI Survey. The goal of the report is to provide community development and social service organizations, policymakers, and others a gauge of District LMI labor market conditions.
In the Report on the Economic Well-Being of U.S. Households, the Federal Reserve Board provides a snapshot of the self-perceived financial and economic well-being of U.S. households and the issues they face, based on responses to the Board's 2013 Survey of Household Economics and Decisionmaking. The report provides insight into numerous topics of current relevance to household finances, including: housing and living arrangements; credit access and behavior; education and student loan debt; savings; retirement; and health expenses.
Buying a home is exhausting enough; does it help to add hours of financial counseling to the process? In a longitudinal study by the Philadelphia Fed, researchers evaluate the effectiveness of pre-purchase homeownership and financial management skills counseling. The study improves on previous efforts by employing an experimental design methodology, and it tracks study participants’ creditworthiness over time. Two key findings: pre-purchase homeownership counseling improves financial capability, and more hours of counseling produce greater outcomes for participants.
In this issue of 5th District Footprint, read about the Fifth District's four-year cohort high school graduation rates for the class of 2013.
This poster illustrates a research study from the Dallas Fed with partners from the FDIC and New York University. The study used the 2007-09 Survey of Consumer Finances Panel to examine how a household’s economic circumstances, demographic characteristics and certain attitudes or financial behaviors influenced basic savings account ownership during the Great Recession.
With the price of a college degree rising, students and families are taking on more debt. Is it paying off? Two Cleveland Fed researchers look at trends in student loan debt for young households and find that, by going to college, one is likely to end up in a household that earns a considerable wage income premium throughout its working life but which also has a sizeable amount of college debt early on. There is one education group for which this does not hold: those with some college but no degree. These households, which on average make up 32 percent of those 22 to 29 years of age and 25 percent of those 30 to 65 years of age, have some college debt but get little to no labor market benefit.
The Dallas Fed summarizes findings from a research study conducted in a South Dallas neighborhood which tests how gateways (basic bank products) and stepping stones (asset building financial products) can put households on a path to financial security.
Older adults face unique situations in the post-financial crisis economy. How are they managing financial transactions with new and emerging technologies? How well are they navigating an increasingly complex financial marketplace? The Federal Reserve Board of Governors convened several events and published a forum briefing paper on this topic.
This repository provides access to research published since 2008 by the Board of Governors and all 12 Federal Reserve Banks on topics related to employment, unemployment and workforce development. The aim is to make this resource a vital tool for researchers, students, and all those interested in the economics of labor markets and workforce development.
As part of the U.S. central bank—which has a dual mandate to promote price stability and maximum employment—the Atlanta Fed has a natural interest in deepening its understanding of labor force dynamics and workforce development issues. The Center for Human Capital Studies supports those efforts through its research, as well as by offering such resources as conferences, seminars, and labor market tracking tools.
Visit the Center’s web page for information on this community development research initiative of the St. Louis Fed, which conducts primary and applied research focused on rebuilding the household balance sheets of struggling American families. The Center leverages its research to inform public policy, community practice, families and future research.
In this 55-minute webinar hosted by the Philadelphia Fed, Community Development Research Manager Keith Wardrip shares highlights from a Cascade Focus report, Student Loan Trends in the Third Federal Reserve District, which looks at student borrowing in the Third Federal Reserve District and explores lending patterns, by the neighborhood income of the borrower, to better understand implications for low- and moderate-income communities. The webinar also includes on-the-ground insights from Clarifi, a Philadelphia-based nonprofit.
Postsecondary educational expenses and student loan balances have been trending steadily upward, but persistent unemployment and weak economic conditions have created an alarming new trend of rising student loan defaults. This research brief from the San Francisco Fed examines broad trends in student borrowing in the Federal Reserve’s 12th District, with an emphasis on students from low- and moderate-income households.
Within the Federal Reserve’s 12th District, over 4 million families and individuals received the Earned Income Tax Credit (EITC) for tax year 2007, totaling over $8 billion in credits. In this research brief, the San Francisco Fed examines trends in EITC usage across the 12th District and looks at how the EITC and tax time provide a unique opportunity to link lower-income households to financial services and promote asset building.
The Dallas Fed highlights the importance of filing for the Earned Income Tax Credit (EITC), avoiding alternative refund settlement products and Volunteer Income Tax Assistance (VITA) programs in maximizing tax savings for low- and moderate-income families.
The Boston Fed conducts a semi-annual survey of service providers' perceptions of the economic and financial conditions of lower-income communities and individuals in New England and the organizations that serve them. Read about the results of their October 2013 survey in this report.
The Boston Fed has created a powerful, time-saving, easy-to-use tool for people interested in the New England region. The tool uses census data to compare the demographic characteristics of lower-income and higher-income areas within a city. It also provides aggregate information for New England states and for the region as a whole
One problem low-income communities may face in trying to revitalize is dealing with a high share of residents who are returning home after serving prison terms. Returning citizens often concentrate in low-income areas, and they typically lack the education and skills needed to find jobs. In this Commentary from the Cleveland Fed, a researcher examine these and other barriers to employment, estimates the degree of unemployment, and describes some solutions emerging for this population.
This paper from the Kansas City Fed provides a detailed overview of the U.S. student loan market, presents new statistics that highlight student loan debt burdens and delinquency rates, and discusses current concerns among many Americans about student loans, including their fiscal impact.
This Kansas City Fed Economic Review article examines payday lending and provides new empirical evidence on how restrictions could affect consumers.
A study of the underbanked and unbanked in the Tenth Federal Reserve District looks at households who rely on non-banks to meet all or some of their basic financial needs.
The Chicago Fed's IBEX is a series of economic statistics that measure the economic experience of particular income and demographic groups. The IBEX groups include the elderly and the working poor, as well as groupings by education, income quartile and race. The “IBEX 12 Month Inflation Rates” provide a monthly chain-weighted inflation measure for more than 30 socio-economic and demographic groups and overall urban population; the “IBEX Consumer Sentiment (IBEX-CS)” provides a monthly and quarterly index of consumer sentiment for 46 groups and the overall urban population.
Introduced in July 2012, the Chicago Cook Workforce Partnership is a result of a coordinated effort between Cook County and the city of Chicago to broaden the reach of workforce development services for employers and job seekers by reducing costs, improving services, and engaging the business community. Quarterly reports analyze where the jobs are and who is hiring in Cook County. Data helps public and private officials, economists, academics, and others to better understand hiring needs across the region.
This article explores the roles of community colleges across the Seventh Federal Reserve District in addressing worker skill gaps. U.S. Census data indicate the percentage of the population with at least a high school degree has been increasing since 1970, as has the percentage of the population with post high school education (if not a four-year degree). During that time, the percentage of people with some college or a college diploma increased 160 percent. While these trends are encouraging, demands in the labor marketplace for technically skilled workers reinforce the value of investment in skills training. Published by the Chicago Fed’s Community Development and Policy Studies Department (CDPS)
It's hard to argue against the value of education these days, but with so many adult workers lacking a college degree, we set out to learn more about the prospects today for young workers with no plans to get a four-year degree. This report describes the patterns of education, employment, and wages in eight metro areas of Ohio, Pennsylvania, and Kentucky and how they stack up against the 100 largest metros in the U.S. Young workers in Pittsburgh, it turns out, are in a relatively strong position. We point to relevant labor market research as we examine the prospects of workers in the region without a college degree.
These data briefs from the Community Development team at the Cleveland Fed examine the educational attainment levels, employment status, and occupations of workers in four MSAs in Ohio, Pennsylvania, and Kentucky, with a primary focus on those aged 18 to 35 with no post-secondary degree.
In this inaugural issue of the 5th District Spotlight, produced by the Richmond Fed, key facts about the unbanked populations in the U.S. and within the Fifth Federal Reserve District are presented in an Infographic format.
Together with Living Cities, the Boston Fed launched a unique challenge to smaller industrial cities in the Northeast: Expand collaborative leadership that leads to a comprehensive city vision and cross-sectoral partnerships. Cities competed for grant monies to fund their ideas. Learn more about the Working Cities Challenge -- which cities' bold platforms are being funded, and how might their futures, and those of their residents, be improved.
Early, Broadly, and Through Young Adulthood: A Child Development Perspective on Youth Personal Financial Education
This research from the Minneapolis Fed suggests that educators should take a broad perspective on where and how personal finance is taught and learned and make use of findings from psychology and behavioral economics to enhance youth personal financial instruction.