Search Results
Journal Article
Housing the Workforce in the Rural Fifth District
Although real estate is often less costly in rural areas than in urban areas, many low- and middle-income households in rural areas struggle with housing expense. There are multiple reasons why rural households end up financially constrained by housing costs. First, incomes tend to be lower in rural areas. Second, there are limited available units — multifamily or single family — in rural areas for reasons that reflect the unique challenges of the rural housing landscape.
How Do Firms Differ in Rich and Poor Countries?
Firms in countries with high GDP per capita tend to have larger and more highly educated workforces and to be organized differently than firms in poor countries.
Discussion Paper
Creating a STEM Employment Pipeline in Eastern North Carolina Schools
The communities of eastern North Carolina are working to develop and maintain a workforce that will support existing employers and attract additional STEM industries to the region. NC East Alliance, an economic development organization representing 29 counties, is partnering with 29 school districts and 14 community colleges to train students in the skills needed for possible jobs in those fields.
Speech
An Economic Outlook
Philadelphia Fed President Patrick Harker gave an economic outlook and focused on skills and the workforce to the Jewish Business Network in Philadelphia. Harker said that employers struggle to fill high-skilled jobs, which are less likely to be automated. ?The reality of the tight labor market means that employers have to start thinking creatively and long term about how they?re going to address the gap between the skills they want and need and those available in the labor pool,? he said.
Speech
Creating a Vibrant, Inclusive Economy: Remarks at the Community College of Rhode Island
First, I want to highlight why I wanted to prioritize speaking at a community college like CCRI; and why community colleges, and all of you engaged with them, are so important to our economy and society. Then, I’ll talk briefly about the range of things we do at the Federal Reserve, to advance our mission. And finally, I’ll share some of the lessons I’ve learned from my own career path, in case my experiences may be helpful to you.
Speech
Unrealized gains: investing in our region's economic and human capital potential
President Patrick T. Harker discusses investing in our region?s economic and human capital potential at Capital for Communities: Pay for Success Financing, a conference hosted by the Philadelphia Fed's Community Development Studies & Education Department.
Journal Article
Workforce 2020: Is It Time for Disruptive Innovation?
Whether framed as a gap, a shortage or a mismatch, skill problems drive discussions around workforce and education policy today. Employers say they are not getting qualified candidates from educational institutions; unions and workforce advocates say that if employers looked harder and offered increased wages and improved benefits, qualified workers could be found. At the same time, community colleges and vocational training centers say that rapid changes in technology make it cost-prohibitive to buy the latest machines and training tools. Aspiring workers say they are unaware of the ...
Monograph
All Eyes on Texas: Community colleges focus on preparing the workforce of tomorrow
This report examines how Texas community colleges can fulfill their unique mission through measures including additional funding, greater outreach with business and recognition that many students seek specific skills training.