Workforce Development and Human Capital - Data/Research
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.
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.
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.
This paper sets a framework for building transformative economies. Prepared by Paul C. Brophy, Robert Weissbourd, Andy Beideman for the Economic Growth and Mobility Project, the authors share policy levels to foster inclusive growth practices and highlight emerging approaches and innovative programs in regions across the country.
Bank’s Community Reinvestment Act (CRA) Opportunities for Promoting Job Creation, Workforce Development, and Place-Based Investment
This report summarizes innovative activities from banks’ Community Reinvestment Act (CRA) performance evaluations in the areas of job creation, education and workforce development, and transportation and affordable housing. By providing real-world examples of situations in which banks received CRA credit in these areas, we hope other banks will consider pursuing similar opportunities in the areas they serve for which they can receive CRA consideration, thus promoting economic growth and prosperity in these communities.
"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.
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.