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Keywords:labor markets 

Report
The Heterogeneous Impact of Referrals on Labor Market Outcomes

We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the importance of distinguishing between different types of referrals—those from family and friends and those from business contacts—and different occupations. Then we develop an on-the-job search model that incorporates referrals and calibrate the model to key moments in the data. The calibrated model yields new insights into the roles played by different types of referrals in the match formation process, and provides quantitative estimates of the effects of referrals on ...
Staff Reports , Paper 987

Jobs Hardest Hit by the Pandemic

The COVID-19 pandemic has substantially affected labor markets. Which industries and occupations had the largest employment declines between February and April?
On the Economy

Ensuring That Your Voice Is Heard

Amanda Michaud, an economist and research officer at the St. Louis Fed, talks about life as an economist and her research on criminal justice policies and labor markets.
On the Economy

Journal Article
Introducing, Understanding, and Using the ICI 300 Peer Cities Identification Tool

Municipalities, especially those that are mid-sized or smaller, often face significant challenges in providing services and amenities to meet the needs of their diverse and changing populations. Solutions are usually context-specific and must factor in larger demographic and economic trends, in order to be effective. And, yet, in spite of contextual differences, cities frequently have meaningful similarities. However, identifying peer cities is often informed more by conversation than by data or evidence.
Profitwise , Issue 4 , Pages 3-8

Working Paper
Evidence on the Within-Industry Agglomeration of R&D, Production, and Administrative Occupations

To date, most empirical studies of industrial agglomeration rely on data where observations are assigned an industry code based on classification systems such as NAICS in North America and NACE in Europe. This study combines industry data with occupation data to show that there are important differences in the spatial patterns of occupation groups within the widely used industry definitions. We focus on workers in manufacturing industries, whose occupations almost always fit into three groups: production, administrative, or R&D. We then employ two approaches to document the spatial ...
Working Paper Series , Paper WP-2016-20

Discussion Paper
Leading, lagging, and left behind: identifying metropolitan leaders and labor market outcomes

From 1990 to 2010, the United States underwent significant changes in the makeup of the population and its educational attainment. During the period, bachelor's degree or higher attainment proportions rose significantly?7.9 percentage points?from 20.3 percent in 1990 to 28.2 percent in 2010. This growth happened unevenly, though. Of 283 metropolitan areas, only 78 were above the 7.9 percentage point increase, suggesting much more concentrated growth than would be expected if growth were experienced evenly. This paper documents the concentration of growth and examines four labor market ...
FRB Atlanta Community and Economic Development Discussion Paper , Paper 2015-4

Speech
The Right Tools for Our Time

Remarks at NABE/Bundesbank International Economic Symposium Eltville am Rhein, Germany.
Speech

Journal Article
Preliminary Findings from Focus Groups on Economic Inclusion in Smaller Cities

A growing body of work by the Federal Reserve Bank of Chicago and partners points to challenges that "legacy cities" face in extending economic opportunity to all residents. This article reports findings from a series of focus groups conducted around the 7th District to better understand what city leaders are doing to advance positive labor market outcomes for residents.
Profitwise , Issue 2 , Pages 1-10

Speech
Exploring current economic conditions and the implications for monetary policy: remarks at 1Berkshire Economic Outlook Luncheon, Dalton, Massachusetts, October 26, 2018

Topics covered include: recent monetary policy actions; outlook -- continued robust growth; clear risks to the forecast; how should policy respond to strong base forecast but rising risks?; inflation for goods and services; exports are important and uncertain.
Speech , Paper 139

Speech
Reading the Recovery

Remarks at Council on Foreign Relations (delivered via videoconference).
Speech

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