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Young adults are disconnected from work and school due to long-term labor force trends
The sharp rise during the pandemic in young people who are neither in school nor working—often referred to as “opportunity youth”—is the exacerbation of a problem that has gradually worsened in the past two decades.
Demographic disparities among disconnected young adults persist but are narrowing over time
This article sheds light on how several demographic groups have differed in their response to business cycles over time and how their disconnection rates have changed in recent years.
How valuable is a short-term credential for a job seeker? It’s complicated
Employer demand for short-term credentials is rising. But the likelihood of such credentials leading to higher wage offers depends on the industry and can change over time.
Discussion Paper
Do People View Housing as a Good Investment and Why?
Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class. Yet there is limited understanding of how households view housing as an investment relative to financial assets, in part because of their differences beyond the usual risk and return trade-off. Housing offers households an accessible source of leverage and a commitment device for saving through an amortization schedule. For an owner-occupied residence, it also provides stability and hedges for rising housing costs. On the other hand, housing is much ...
Did expanded Child Tax Credit enable parents in financially vulnerable households to work during pandemic?
Social scientists have found in some instances that safety-net programs sometimes reduce recipients’ incentive to work and thereby provide a headwind to U.S. economic growth.
Is federal broadband funding going to states that need it most?
In the first of a three-part series on digital inclusion, we discuss the details of recent federal broadband funding and its connection to the level of broadband availability.
Renewable energy jobs surge, though data differ on where and by how much
Better understanding of the workforce implications of rising electricity demand, particularly at the state and local levels, is critical to planning and anticipating its economic and policy impacts.
Monograph
Texas, Louisiana and New Mexico laying groundwork for greater internet connectivity
This first article in a series on digital inclusion documents the level of digital connectivity in 2022 in the Federal Reserve’s Eleventh District—Texas, northern Louisiana and southern New Mexico.
Discussion Paper
Who Has Been Evicted and Why?
More than two million American households are at risk of eviction every year. Evictions have been found to cause prolonged homelessness, worsened health conditions, and lack of credit access. During the COVID-19 outbreak, governments at all levels implemented eviction moratoriums to keep renters in their homes. As these moratoriums and enhanced income supports for unemployed workers come to an end, the possibility of a wave of evictions in the second half of the year is drawing increased attention. Despite the importance of evictions and related policies, very few economic studies have been ...
Funding to address broadband gaps in the Eleventh District
This article examines Infrastructure and Investment Jobs Act funding distribution in Texas, Louisiana and New Mexico.