Report
Providing Labor Market Context for Debt-Related Driver’s License Suspensions in Ohio
Fee, Kyle; Mikelbank, Brian A. (2024-02-28)
More than 60 percent of Ohio’s driver’s license suspensions do not stem from bad driving; instead, they arise because the driver owes an unpaid debt. Debt-related suspensions (DRS) could prevent people from getting to work where they could make the money needed to repay the debt. In this report, we investigate whether DRS has implications for Ohio’s labor force.
Community Development Publications

Report
Using Worker Flows to Assess the Stability of the Early Childcare and Education Workforce, 2010-2022
Fee, Kyle (2024-01-19)
Turnover is a particular problem among childcare workers and less so among preschool and kindergarten teachers. In 2022, turnover in childcare work was about 65 percent higher than in a typical job, while attrition among preschool and kindergarten teachers was on par with the typical occupation.
Community Development Publications

Speech
Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach
Mester, Loretta J. (2022-04-14)
Workforce development is a crucial ingredient for achieving a healthy and dynamic economy that can work for all. When it comes to the economic well-being of entire regions, many studies have documented the importance of investments in education and training programs. For example, Cleveland Fed researchers found that over a 75-year period, education levels were consistently one of the most reliable indicators for each state’s per capita income growth1 and that counties with higher levels of high school graduates tend to have lower poverty rates and higher levels of labor force ...
Speech

Speech
Creating An Economy That Works for All: Remarks at the Bunker Hill Community College 2023 Convocation
Collins, Susan M. (2023-08-31)
To build a vibrant, inclusive economy, we need the best ideas, energy, and participation from everyone. Community colleges play a critical role in this important work by providing affordable, accessible higher education and essential skill development – ultimately strengthening our economy and society.
Speech

Briefing
Career Progressions and Wage Growth: Decreasing the Gap Between Richer and Poorer Workers
Borovickova, Katrina; Macaluso, Claudia (2024-10)
In our previous article, we explored the contribution of different career dynamics to the earnings gap between poorer and richer workers. We emphasized how poorer workers do not lack opportunities to change jobs, as they have high job mobility rates. Thus, they potentially could work at increasingly better-paying firms but seldom do so in practice. Looking at previous economic literature — including a leading framework for the labor market: the job ladder model — we argued that postulating a common job ladder for both poorer and richer workers is not supported by the data. In this ...
Richmond Fed Economic Brief , Volume 24 , Issue 32