Workforce Development and Human Capital - Featured
Using data from the Federal Reserve Banks' 2017 Small Business Credit Survey (SBCS), this paper investigates the various ways in which different types of firms with less than 500 employees experience and address hiring difficulties, including when they decide to increase compensation.
The results provide insight for policymakers trying to understand the linkage between compensation, labor market tightness, and productivity. Further, the variation in hiring difficulties across firm industry, education requirement, and geographic location informs economic and workforce development practitioners and policymakers working to develop targeted interventions.
The Federal Reserve Bank of Chicago and the American Bankers Association will host Tools toward Market Restoration: Where Growth and Opportunity Converge on May 1-2, 2018, in Detroit. The two-day conference will delve into how policies and practices impact place-based inequality. Policy experts and leading practitioners will share knowledge derived from current research, innovative programs, and interventions.
This podcast asks community members and organizations across the U.S. about the challenges they are facing and solutions they’ve found for significant social issues like economic mobility, affordable housing, small business development and community reinvestment. Each episode showcases programs that help provide access to opportunity for low- and moderate-income individuals and families. The latest episode, "Access to Job Success," features an organization that helps reduce barriers to job success for workers and includes an interview with former U.S. Secretary of Housing and Urban Development Julián Castro. All episodes are available at accesspodcast.org or on iTunes, Stitcher and TuneIn.
Bridges is a quarterly review of regional community and economic development issues, projects, and regulatory changes for practitioners from community-based organizations, as well as for CRA officers, academics, and government officials that work in the Eighth Federal Reserve District. Feature articles in the Winter 2017-2018 issue include: New St. Louis Fed Tool Dives Deep into Community Investment; Cash on Hand Is Critical for Avoiding Hardship; Connecting a Memphis Community to the Built Environment through Equity; Investment Connection: The St. Louis Fed’s New Approach to CRA; CRA: An Examiner’s Perspective – Questions to Ask Workforce Development Partners; and more.
This article from the Chicago Fed's ProfitWise News and Views, Issue 4, 2017, explores employment change in ethnic minority neighborhoods in the Seventh District in comparison to job growth within their regions before and after the Great Recession.
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.
Ever wonder about the Federal Reserve’s involvement in the field of community development? Wonder no more. Released in June 2014, Federal Reserve Community Development Perspectives: A summary of activities, insights, and future opportunities answers the "what," "why" and "how" of the Fed's role in community development. The report highlights the Fed’s recent efforts to address barriers to economic growth, and promote fair and informed access to financial markets. Featuring brief summaries of its community development work organized into four focus areas--people, place, the policy and practice of community development, and small business--the report includes background information that helps to provide context for this work, a sampling of key research, outreach programs and other initiatives, as well as some ideas on future challenges, needs and opportunities.