Search Results
Journal Article
Post-Pandemic Activity Rebounds, but Many Remain Outside the Labor Force
Jobs are returning, but the pandemic has accelerated longtime trends by knocking millions of people out of the labor force.
Journal Article
The Singularity of the Dual Mandate
Economic security depends on both jobs and stable prices. Together, these two congressionally mandated goals constitute the Fed’s dual mandate. This mandate is not a choice between two desirable things. It is a balance meant to deliver on a singular goal—a sustainable and expanding economy that works for everyone.
Journal Article
Did the Great Recession Increase Skill Requirements?
Research Spotlight on "Do Recessions Accelerate Routine-Biased Technological Change? Evidence from Vacancy Postings." Brad Hershbein and Lisa B. Kahn. American Economic Review, July 2018, vol. 108, no. 7, pp. 1737-1772.
Speech
New York City Is Alive
Remarks at the Future of New York City: Focus on Jobs, Federal Reserve Bank of New York, New York City.
Who Holds a Green Card?
Understanding the characteristics of U.S. permanent residents can provide insight into the future workforce.
Speech
What kind of jobs have been created during the recovery?
Remarks at the Regional Economic Press Briefing, New York City.
Firms Start with Fewer Employees over Last 25 Years
The average new firm that is less than a year old had 20% fewer workers in 2019 than it did in 1994.
Speech
Apprenticeships: Nobility and Necessity
Apprenticeships date back to ancient times, but they remain relevant in today?s economy, Philadelphia Fed President Patrick Harker told the audience at the Bank?s Apprenticeship Conference on July 11. Apprenticeships help workers acquire the skills now in demand, he said
Speech
The Singularity of the Dual Mandate
Presentation at Boise State University, Boise, Idaho, September 29, 2022, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
Discussion Paper
A Penny for Your Thoughts? How Survey Comments Help Us Understand Our Region’s Labor Market
We regularly report the quantitative results from the Richmond Fed business surveys, but participants' comments also provide useful context for changes in local business conditions. Most recently, a survey of human resources professionals complemented our surveys of area businesses. The comments from both surveys have provided insight into the region's labor market, as well as indicated that the persistent challenge of finding workers has led executives and recruiters to intensify their efforts and expand the tools they use to attract workers.