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Federal Reserve Bank of Chicago
Profitwise
A few examples of Chicago tackling youth joblessness
Emily Engel
Jason Keller
Mark O'Dell
Abstract

Many young people nationwide are undereducated, jobless, and living in poverty with no job prospects; in urban areas particularly, they face a continuing cycle of unemployment, in addition to substandard and often dangerous neighborhood conditions. Using greater Chicagoland (including the city and Cook County) as a case study, this article will highlight how capital and resources from the private sector, namely loans, investments, and services from regulated financial institutions (e.g., banks) could foster greater economic and community development, especially for underserved and at-risk youth.


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Emily Engel & Jason Keller & Mark O'Dell, "A few examples of Chicago tackling youth joblessness" , Federal Reserve Bank of Chicago, Profitwise, issue 5, pages 1-10, 2018.
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Keywords: Employment; housing; Community Reinvestment Act(CRA); unemmployment
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