Focusing on the role structural racism plays in our economy and society, the Federal Reserve Banks of Atlanta, Boston, and Minneapolis launched the Racism and the Economy series. Partners Update reflects on emerging lessons from the series and what it means to use data and expertise to inform policymakers.
Speakers from PolicyLink, Hope Enterprise Corp., Liberation in a Generation, and the Urban Institute shared their organizations’ visions of an inclusive economic recovery, particularly for communities of color. David Jackson of the Atlanta Fed’s Community and Economic Development group moderated the discussion.
Income gaps along racial lines are the result of long-standing structurally discriminatory policies across U.S. institutions. Although laws have changed, the legacy of these policies still affects people today. Partners Update examines how benefits cliffs differentially affect minority populations.
Low-income individuals and communities are feeling the brunt of job losses due to the pandemic. At the same time, organizations providing support services to that population are facing their own challenges. Partners Update explores southeastern organizations’ sentiments from a national survey.
Congress passed the CARES Act and other legislation to help workers who have lost their jobs during the pandemic. Partners Update considers a case study of a hypothetical laid-off restaurant worker in Birmingham and Miami and the potential financial assistance he'd receive in each city.
Partners Update summarizes a recent discussion paper on benefits cliffs, which occur when a person’s gains in earnings are offset by the loss of public benefits. The paper offers potential policy interventions that may help mitigate benefits cliffs and promote career advancement.
What are the financial trade-offs a single parent faces when moving up the career ladder? The authors develop a new methodology to study the impact of benefits cliffs on the financial incentives to advance in a career.
The Center for Workforce and Economic Opportunity has updated its Opportunity Occupations Monitor data tool, which tracks trends in opportunity employment across the country. Partners Update discusses the tool's new features.
The report examines the structural roots and policy decisions in the South that created the current skills gap, and it offers solutions to close that gap. The Atlanta Fed's Center for Workforce and Economic Opportunity, St. Louis Fed, and National Skills Coalition collaborated on the report.
This eBook examines various approaches to establishing technical and career-based training and the importance of building out the skills needed for the workforce in today's increasingly complex and rapidly changing global economy.
Fed Governor Brainard visited Atlanta neighborhoods with community and economic development and supervision and regulation team members. They met with community members and organizations to discuss local efforts, reports Partners Update.
An evolving economy demands workers with evolving skill sets, and training employees to meet new employment demands is an ongoing challenge. The episode discusses trends in workforce development in the Southeast as well as nationally.
Federal funding for the traditional workforce development system has declined dramatically over the past few decades. The author examines several promising alternative financing models for workforce development programs such as social impact bonds and income-share agreements.
This eBook explores the role of community and economic development organizations in workforce development and the importance of fostering and facilitating partnerships to address local workforce challenges.
The report identifies good-paying jobs in the 100 largest U.S. metro areas for workers who have less than a four-year college degree. The Federal Reserve Banks of Atlanta, Cleveland, and Philadelphia collaborated on the findings. Full report (8 MB) | Infographic (392 KB)
The book explores how new policies and practice can meet the changing needs of workers, businesses, and their communities. The Atlanta and Kansas City Feds and Rutgers' Heldrich Center for Workforce Development collaborated on the book, which has contributions from over 65 leading scholars and practitioners engaged in workforce development.
Regional collaboration can be an effective approach in responding to labor demands of local employers. Laura Chandler of the Southwest Alabama Workforce Development Council and Sam Covert of the Mobile Area Educational Foundation discuss how robust coordination among local workforce development players leads to more successful management of industry partnerships.
How can employers be effective partners in improving the local workforce ecosystem? Peter Cappelli, professor and director of the Wharton School's Center for Human Resources, discusses how firms can provide on-the-job training for skills needed within their organizations.
Workforce development issues require collaboration across sectors and geographies. Damian Thorman, national program director at the John L. and James S. Knight Foundation, discusses the importance of public, private, and philanthropic partnerships in addressing local and regional workforce challenges.
Chronic illnesses, including diabetes and high blood pressure, contribute to worker absenteeism, decreased productivity, and increased insurance costs to employers. Greater focus is being placed on preventive health care, including a closer look at children's health. Dr. Jay Berkelhamer, past president of the American Academy of Pediatrics, discusses trends in child health and their implications for workforce development.