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Newsletter
Economy on cruise control through 2007
According to participants in the Chicago Fed's annual Automotive Outlook Symposium, the outlook for 2006 is for the U.S. economy to expand at a rate slightly above its trend, with unemployment edging lower. Since energy prices are expected to moderate, inflation is forecasted to fall this year. Light vehicle sales are predicted to remain steady.
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
Economy to cruise at speed limit through 2006
The U.S. economy experienced solid growth in 2004, with light-vehicle sales rising to 16.8 million units. What can we expect in 2005 and 2006? At a recent Chicago Fed symposium, auto industry experts came together to analyze the sector?s performance and discuss the outlook for next year and beyond.
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.
Journal Article
From Classroom to Career: An Overview of Current Workforce Development Trends, Issues and Initiatives
Earlier this year, Community Development and Policy Studies (CDPS) staff at the Federal Reserve Bank of Chicago released a report on its Industrial Cities Initiative (ICI).[1] The report features a quantitative assessment of ten Midwestern “industrial cities” that is augmented by more than 175 interviews with city leadership. The report explores whether – and to what extent – these cities have been able to withstand a decline in manufacturing employment since the 1960s. Workforce development was the most common and ...
Newsletter
Dealing with the impact of manufacturing job losses in the Midwest
The Community Development and Policy Studies division (CDPS) of the Federal Reserve Bank of Chicago hosted the Industrial Cities Initiative Symposium (ICI) on February 28, 2012. More than 50 economists, development professionals, city representatives, and analysts from business, academia, and city government attended the symposium.
Journal Article
Small Business Credit Survey Are you a small business or do you work with small businesses that would be interested in participating in the 2017 Small Business Credit Survey?
The dual mandate of the Federal Reserve includes maximum employment. Small business development and growth is essential to full employment. "More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the US each year," according to the Small Business Administration. To learn more about credit access and business conditions for this very large cohort of employers, Community Development and Policy Studies, a department of the Chicago Federal Reserve, is working to engage small businesses through trade, advisory, and other ...
Newsletter
Economy in lower gear through 2008
According to participants in the Chicago Fed's annual Automotive Outlook Symposium, the nation's economic growth in 2008 is forecasted to be slower than in 2007, with inflation staying high and the unemployment rate rising. Light vehicle sales are predicted to fall sharply this year and then improve in 2009.
Newsletter
Economy to turn the corner in 2010
According to participants in the Chicago Fed?s annual Automotive Outlook Symposium, the nation?s economic decline is forecasted to bottom out this year; solid economic growth is expected in 2010?with inflation staying contained but the unemployment rate remaining high. Light vehicle sales are predicted to fall sharply this year and then to improve in 2010.
Journal Article
A few examples of Chicago tackling youth joblessness
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 ...