Search Results
What Can Geolocation Data Tell Us About Childcare Use and Accessibility?
In the U.S., many parents of young children may not have enough childcare providers near them, which may limit not only their childcare access but also their employment opportunities. In this article, we explore how data on people’s visiting patterns to childcare providers might help inform our understanding of the geographic distances between where families live and where providers operate, as well as how these distances and the capacity of providers can affect childcare access. Our research is part of the Chicago Fed’s Spotlight on Childcare and the Labor Market, a targeted effort to ...
Speech
Presentation by Andrew F. Haughwout at the 2024 New York Fed Regional and Community Banking Conference
Presentation on the economic overview delivered by Andrew F. Haughwout, Director of Household and Public Policy Research at the Federal Reserve Bank of New York. This presentation was delivered at the 2024 New York Fed Regional and Community Banking Conference.
Seventh District Midyear Review: Economic Growth Continued to Be Solid in the First Half of 2024
Overall, economic growth was steady during the first half of 2024 in both the nation and the Seventh Federal Reserve District.1 Real gross domestic product (GDP) growth slowed some in both, but employment growth was up, especially in the District. Over the last few years, the District has almost always lagged the nation in both real GDP and employment growth, continuing a decade-long trend. Slower growth and slower inflation often go hand in hand, and recent data indicate inflation has indeed been somewhat lower in the Midwest.
Journal Article
Regional Spotlight: Purchasing Power Across the U.S.
Where you live can determine how far a dollar goes. But pay varies regionally, too. To get a true picture of an area?s affordability, it helps to understand regional price parities.
What Region Looks Most Like the U.S. as a Whole?
The United States is a diverse country, whether you’re looking at its economic, population, or environmental (i.e., topographic and weather) characteristics. Some places are growing quickly; others, slowly. Some are home to large numbers of computer programmers; others, just a few ranchers. Some are hot and dry; others, cold and wet. The U.S. is also a large country, with regions that themselves are the size of some countries. While these regions all share in major U.S. trends like recessions and an aging population, some regions track national trends more closely than others.
Speech
The Economic Health of the Region
Remarks at the Waterfront Alliance Regional Symposium: Recovery and Resiliency in a New Era (delivered via videoconference).
How Is the Challenge of Finding Childcare Affecting Labor Force Participation? Perspectives from Employers Across the Seventh District
Through the Chicago Fed Survey of Economic Conditions (CFSEC) and during roundtable discussions with business, nonprofit, and government leaders, the Chicago Fed asked employers from a variety of sectors for their perspectives on how childcare access has affected labor force availability.1 These survey and roundtable findings contribute to the Chicago Fed’s Spotlight on Childcare—an effort to increase our understanding of how the lack of access to childcare impedes labor force participation in the Seventh Federal Reserve District. In this article, we summarize the responses from over 100 ...
Speech
The economic outlook and monetary policy
Lehigh Valley Partnership and Lehigh Valley Economic Development Corporation. Allentown, PA. President Charles Plosser gives his views on the regional and national economy and discusses why he remains optimistic about the economic outlook. He also shares his thoughts about monetary policy and explains why he departed from the majority view at the July and September FOMC meetings.
How Do Manufacturers Decide When to Invest in New Equipment?
Although purchasing more and better capital leads to higher productivity, explanations for when and why firms choose to adopt new technology are not straightforward. In this article, we shed some light on how manufacturers choose to adopt new technology by purchasing equipment. The decision can be complicated, so we surveyed manufacturers to get insights into how they approach it. We find that the top two reasons manufacturers invest in new equipment with advanced technology is to keep up with competitors and save on labor costs. But upgrading is not always an obvious choice. Manufacturers ...
Report
Consequences of state disinvestment in public higher education: lessons for the New England states
Public higher education produces many benefits that are vital to the New England economy, but it is increasingly at risk following years of state budget cuts. States have reduced funding for higher education to address short-term budget gaps caused by recessions and long-term budget gaps attributed to the growing costs of Medicaid and public pensions. Research in this report shows that reductions in state appropriations have resulted in higher tuition and fees, greater student loan debt, decreased resources for education and research, and fewer graduates and approved patent applications from ...