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.
Small businesses of color are important contributors to the national economy. The Atlanta and Kansas City Feds recently published the Small Businesses of Color Recovery Guide to help support these firms’ economic recovery. This Partners Update article provides an overview of this comprehensive guide.
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.
For many working families with young children, childcare is essential to maintain employment. Childcare prepares children for kindergarten and future learning and success. Partners Update examines childcare during the economic downturn, including its costs.
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.
COVID-19 is having disproportionate health and economic impacts on racial and ethnic minority, low-income, low-wealth, and rural residents. Partners Update examines research on tracking the spread of the virus to protect vulnerable citizens.
Nurses, doctors, and emergency responders are essential workers on the front lines of the COVID-19 crisis. Many are juggling childcare while schools are closed. Partners Update explores the childcare needs of public health workers during the pandemic.
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 Federal Reserve Board has published a report that summarizes the stakeholder feedback it received from roundtable discussions on modernizing the Community Reinvestment Act. Read Partners Update for more details.
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.
Two-thirds of firms polled in the Fed's 2017 Small Business Credit Survey have had trouble hiring over the past year. A new discussion paper investigates how firms use compensation, training, and job restructuring to respond.
After an extended period of relative stagnation, wages have been showing signs of growth. This episode of the Economy Matters podcast discusses recent wage trends and how the Atlanta Fed views wage behavior.
In an era when education's importance in the employment sector has steadily increased, what role do well-paying jobs that don't require a college degree play? An episode of the Economy Matters podcast talks to some Atlanta Fed experts.
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.
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.
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.
Close collaboration in the workforce development field is the current trend, creating a more accessible system for businesses and job seekers alike. 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 the Economic Development podcast.
Key leaders and authors of Transforming U.S. Workforce Development Policies for the 21st Century shared their perspectives on workforce development and employment-related issues with an eye toward turning the book's ideas into action. The Atlanta and Kansas City Feds, Fed Board of Governors, and Rutgers' Heldrich Center for Workforce Development cohosted the event.
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.
Job training programs and other entities often work independently in the workforce development field, which can lead to fragmentation and inefficiencies. The authors study the Atlanta area's challenges in coordinating workforce development and present best practices in other cities.
The legislation funds the public workforce development system, which provides job training and placement services across the United States. Partners Update provides an overview of the act, which goes into effect next July.
This national convening brought together workforce, economic, and community development professionals to hear from national experts on transformative education and workforce development strategies and policies. The Atlanta and Kansas City Feds and Rutgers' Heldrich Center for Workforce Development cohosted the event.
State workforce development agencies are crucial in deploying federal funding related to job training and placement. Rich Hobbie of the National Association of State Workforce Agencies and Burt Barnow of George Washington University explore how these agencies are evolving as funding streams change.