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Investing in America’s Workforce

Philadelphia Fed President Patrick Harker spoke at the Fed?s Investing in America?s Workforce conference in Austin, TX. His presentation covered the findings of a new Fed report on workforce development.
Speech , Paper 142

Journal Article
From Classroom to Career: An Overview of Current Workforce Development Trends, Issues and Initiatives

Earlier this year, Community Development and Policy Studies (CDPS) staff at the Federal Reserve Bank of Chicago released a report on its Industrial Cities Initiative (ICI).[1] The report features a quantitative assessment of ten Midwestern “industrial cities” that is augmented by more than 175 interviews with city leadership. The report explores whether – and to what extent – these cities have been able to withstand a decline in manufacturing employment since the 1960s. Workforce development was the most common and ...
Profitwise , Issue Fall , Pages 1-37

Journal Article
Spotlight on Research: Early Labor Experiences of Young Men: Underlying Factors and Later Consequences

Unemployment has deleterious effects on the overall health of the economy. Also, unemployment is debilitating to those experiencing it. For young entrants into the labor force, their early employment/unemployment experiences may be especially critical to their later labor market success. Thus, the initial transition-to-work period may foretell future employment status and wages/income. This is a particularly crucial juncture for young minority males who generally experience high rates of unemployment. Conventional wisdom suggests that higher educational attainment plays a prominent role in ...
Cascade , Volume 1

Journal Article
Learning in the Fast Lane

Dale Phillips, a night-shift maintenance supervisor at BMW's plant in Spartanburg, S.C., is busy balancing a full-time job with online coursework to complete a bachelor's degree in management. He oversees a team of equipment-services associates in the plant's paint shop, whose duties include preventing equipment breakdowns in the conveyors, lifts, pumps, and industrial robots. He says he never envisioned such a career until four years ago, when he started at the plant as an apprentice after spending most of his 20s and 30s as a grocery store manager.
Econ Focus , Issue 4Q , Pages 18-21

Journal Article
Investing in Healthy Communities: Ideas to Action for Healthy People, Places, and Planet - A Conference Summary

The Wisconsin Rapids event was the third in a Wisconsin series and built on earlier events in Milwaukee (December 2014)2 and Platteville (July 2015)3. Co-sponsored by the Federal Reserve Bank of Chicago and local leaders, the earlier conferences highlighted the connections between health, community development, and economic development in urban and rural communities, as well as the opportunities for these fields to improve outcomes by working together. This third conference focused on the role of investing to build healthy communities, including how financial investments by banks and socially ...
Profitwise , Issue 2 , Pages 8-27

Healthy Workforce, Healthy Economy

Remarks at Combating Food Insecurity: What’s Working – and What’s Scalable? (delivered via videoconference.

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.
Econ Focus , Issue 1Q , Pages 27-31

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 , Paper 157

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.

Discussion Paper
Rural Spotlight: Resuscitating the Health Care Workforce Pipeline in the Valleys

Regional Matters



Speech 4 items

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Profitwise 2 items

Cascade 1 items

Monograph 1 items

On the Economy 1 items

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