Connecting Communities: How Fed Data Tools Can Inform Economic Mobility

Occupational and economic mobility are crucial for a healthy economy that supports all. Join us for a conversation about the Federal Reserve Banks of Philadelphia and Cleveland’s Occupational Mobility Explorer (OME) and the Federal Reserve Bank of Atlanta’s Career Ladder Identifier and Financial Forecaster (CLIFF) tools. The OME sheds light on skills-based career pathways in the US labor market for jobseekers and employers. CLIFF tools help workers understand how career advancement decisions may affect public benefits, taxes, and tax credits. Together, these two tools can help workers and employers identify potential career advancement opportunities and better understand how such trajectories might better position them for greater economic stability.

The session will provide a brief overview of each tool and demonstrate how both can be used together to help inform individuals about their own economic mobility journey. This includes a better understanding of their possible career paths and the potential financial implications of specific occupational choices. Panelists from organizations working to leverage data resources to serve their communities will discuss skills-based hiring, navigating benefits cliffs, and fostering partnerships with employers.

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