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Journal Article
Building Opportunities and Skills for a Growing Digital Workforce
Information Technology (IT) is a sector with a high demand for skilled workers to fill jobs in U.S., regional, and local economies, according to the Bureau of Labor Statistics. Although most of the employment opportunities in this sector have been advanced-skills jobs in start-ups, software and application development, and wearable technologies, there are many IT opportunities that do not fall into these categories. The need for skilled IT employees has increased across many industries. Recent initiatives and reports recognize these opportunities as a means to move entry-level workers into ...
Working Paper
The supply and demand of skilled workers in cities and the role of industry composition
The share of high-skilled workers in U.S. cities is positively correlated with city size, and this correlation strengthened between 1980 and 2010. Furthermore, during the same time period, the U.S. economy experienced a significant structural transformation with regard to industrial composition, most notably in the decline of manufacturing and the rise of high-skilled service industries. To decompose and investigate these trends, this paper develops and estimates a spatial equilibrium model with heterogeneous firms and workers that allows for both industry-specific and skill-specific ...
Newsletter
Why are manufacturers struggling to hire high-skilled workers?
The authors examine the apparent lack of high-skilled workers for the U.S. manufacturing sector by focusing on the educational attainment and wage compensation of manufacturing workers and their nonmanufacturing counterparts over the period 1990?2007.
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
On the record: Georgia data quantify impact of undocumented workers
Julie Hotchkiss, research economist and policy adviser at the Federal Reserve Bank of Atlanta and an adjunct professor at Georgia State University, obtained access to unique data that contain virtually all the wage records of Georgia?s workforce. She and her coauthors devised an algorithm based on millions of wage records between 1990 and 2009 to identify undocumented workers? experiences.
Journal Article
Worker skills and job quality
Some observers have argued that the nation's high unemployment rate during the current recovery stems partly from widespread mismatches between the skills of jobseekers and the needs of employers. A recent San Francisco Federal Reserve Bank conference on workforce skills considered evidence that employers have had difficulties finding workers with appropriate skills in recent years. However, these mismatches do not appear to be much more severe than in the past. Overall, the conference proceedings suggested the U.S. economy can still produce good jobs for workers at a variety of skill levels. ...