Join a Connecting Communities® webinar on September 2 to explore our data simulation that estimates economic output from closing racial and gender gaps in the labor market.
Imagine that racial and gender gaps in the labor market did not exist. Would economic benefits extend beyond people no longer facing disparities? A team of Federal Reserve community development experts created a data simulation to find out, and the short answer is yes. For every US state and Washington DC, eliminating gaps in average hourly earnings, hours worked, educational attainment, and employment-to-population ratio would produce significant GDP gains.
During this webinar, national experts and Federal Reserve staff will engage in dialogue to explore the data simulation and what it means for the ecosystem of public, private, and nonprofit sector partners who all have roles to play in narrowing racial and gender gaps in labor market outcomes. The implications of this project are especially important after more than a year of economic challenges related to COVID-19. In bringing people off the sidelines and back into the economy, there are individual and institutional actions that can be taken to make sure that women and people of color are not left behind. The discussion will surface ideas for policies and practices that can be implemented in communities around the nation to create an economy that works for everyone.
Register for this session at the Connecting Communities® website. Participation is free, but preregistration is required.