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Newsletter
Transitions: the state of the automotive industry–a summary
The United States automotive industry has been undergoing tremendous changes in recent years. Speakers at a recent Chicago Fed conference explored these changes and considered the road to the future for the auto industry.
Journal Article
Industrial cities initiative: working paper summary
"Rust Belt" is an epitaph for cities large and small throughout America's midwestern and northeastern regions. It encapsulates social and economic changes: "population loss, rising crime rates, loss of union jobs particularly in manufacturing, White flights to the suburbs, and a generally declining urban environment," in which massive, but abandoned factories rusted away and scarred the landscape of once vibrant cities.
Journal Article
The Low- and Moderate-income Conditions Survey: A Summary of Seventh Fed District Community Development Practitioner Responses
For the first time, the Federal Reserve Bank of Chicago participated in administering the Kansas City Fed?s low- and moderate-income survey to respondents in the Seventh District. The survey is administered on line twice a year to measure ?economic conditions of low- and moderate-income (LMI) populations and the organizations that serve them.?1 A key motivation for the survey is that compliance with the Community Reinvestment Act (CRA) entails banking institutions subject to CRA to provide credit, investment, and services, consistent with safe and sound banking practices, to LMI populations ...
Journal Article
Seventh District Workforce Development Programs That Serve Marginalized and Disadvantaged Populations
In 2011, the Community Development and Policy Studies (CDPS) division of the Federal Reserve Bank of Chicago launched the Industrial Cities Initiative (ICI) to take a close look at 10 former industrial/manufacturing hubs and their economic evolution over the last 50 years.
Journal Article
Employment Challenges for the Formerly Incarcerated
The U.S. economy is on a historic run of job creation, with 76 straight months of job growth as of June 2016. Many firms are looking for new pools of talent as traditional pools are increasingly absorbed by rising employment. Wages are beginning to rise more rapidly than they have for several years, with ADP?s Workforce Vitality Report for Q1 2016 estimating annual wage growth for full-time job holders of 4.7 percent. The strengthening labor market provides an opportunity for both employers and policymakers to reconsider the status of subgroups that face distinct barriers to the job market. ...
Newsletter
Economy in slower traffic through 2008
According to participants in the Chicago Fed?s annual Automotive Outlook Symposium, the nation?s economic growth in 2007 is forecasted to be slower than in 2006, with inflation rising and the unemployment rate ticking up. Light vehicle sales are predicted to remain steady this year and improve slightly in 2008.
Newsletter
Economic Outlook Symposium: summary of 2005 results and forecasts for 2006
The nation?s economic growth will soften slightly in 2006, inflation will decrease, and the unemployment rate will remain stable, according to the median forecast of participants at the Federal Reserve Bank of Chicago?s most recent Economic Outlook Symposium.
Newsletter
Economic Outlook Symposium: summary of 2004 results and forecasts for 2005
The forecasters expect more moderate economic growth during 2005, with some reduction in activity in the housing sector and a slower pace of consumer spending growth than in the past several years.
Newsletter
Economic Outlook Symposium: summary of 2008 results and forecasts for 2009
According to participants in the Chicago Fed?s annual Economic Outlook Symposium, the nation?s economic growth in 2009 is forecasted to be very weak, with inflation moving lower and the unemployment rate higher. The housing sector is predicted to remain weak, and light vehicle sales are expected to decline further.
Newsletter
Economic Outlook Symposium: summary of 2007 results and forecasts for 2008
According to participants in the Chicago Fed's annual Economic Outlook Symposium, the nation's economic growth in 2008 is forecasted to be roughly in line with the pace recorded over the past two years, with inflation moving lower and the unemployment rate edging higher.