Search Results
Speech
Views on Current Economic Conditions and Monetary Policy
Federal Reserve Bank of Boston President & CEO Susan M. Collins shared brief remarks at the Council on Foreign Relations' C. Peter McColough Series on International Economics. Following the brief remarks, President Collins discussed economic conditions and monetary policy with CNBC Technology and Global Markets Correspondent Seema Mody.
Report
Missed Connections in Cleveland: The Disconnect Between Job Access and Employment
The job access rate refers to the share of jobs in a region that can be reached within a typical commute distance or time. Job access rates in Northeast Ohio have declined continuously since 2000, as employment opportunities and the population have spread farther out (Kneebone and Holmes, 2015; Pacetti, Murray, and Hartman, 2016; Fee, 2020). Declining access to jobs has made it increasingly difficult for workers to reach their workplaces via public transportation, disproportionately impacting Black and economically distressed residents (Barkley and Pereira, 2015; Brown and McShepard, 2016).
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
Journal Article
Opportunity knocks: improved matching of jobs and workers
Tzemen and Willis illustrate that over the past year, workers found jobs more closely matched to their educational attainment.
Who Holds a Green Card?
Understanding the characteristics of U.S. permanent residents can provide insight into the future workforce.
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.
Potential Jobs Impacted by Covid-19
In this blog, we conduct an exercise to determine the potential consequences of the Covid-19 pandemic on near-term labor market outcomes. This is not a forecast, but an attempt to provide some discipline around potential bounds of the number of jobs impacted by the crisis. We estimate that between nine and 26 million jobs are potentially affected,1 with a best guess of around 15 million. If these jobs are lost, the June unemployment rate could reach between 14% and 18%, with a best guess of around 15%.
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.
Discussion Paper
Virginia's Employment Recovery: Now And Then
In the United States, the pace of job growth has slowed over the last several months and compared to earlier in the post-pandemic recovery. Job growth in Virginia has slowed, too, but not as much. In fact, Virginia has outpaced the nation consistently since February, and this has not been the case for much of the last several years.Over the course of the post-pandemic jobs recovery, Virginia's month over month job gains were more often smaller than the national average. From January 2021 to December 2023, for example, the monthly percentage increase in Virginia either matched or was lower ...