Investing Americas Workforce
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Workforce as an investment: Philadelphia Fed Patrick Harker reflects on the Fed’s work in building a more inclusive workforce
In this Q&A, outgoing Philadelphia Fed President and CEO Patrick Harker, who has helmed the Philly Fed since 2015, reflects on why he views workforce development as an investment, how the Fed’s role in supporting workers has evolved, and how listening to communities has shaped his approach to monetary policy.
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Debt-related license suspensions put the brakes on employment
Debt-related driver’s license suspensions can keep people out of the workforce and make it hard for businesses to find and keep the employees they need. Research and practical interventions are helping to change that.
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Powerful tool helps job seekers chart a path to higher-paying roles
The Occupational Mobility Explorer uses data from millions of employment ads to show workers the skills they need to attain higher-paying jobs.
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Short-term credentials and the labor market: Who stands to benefit?
Short-term credentials, such as certifications, are becoming more popular due to the timely and cost-effective targeted training they offer for specific jobs. However, their value varies widely across industries and educational levels, with mixed impacts on wages and employment outcomes.
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How community colleges meet the needs of students and employers via non-credit programs
Non-credit training programs offered by community colleges can help address labor shortages by providing students with skills and credentials they need for specific occupations. Outreach by the Richmond Fed indicates that funding for these programs is inconsistent, and there are constraints for both students and institutions hoping to utilize these programs.
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Data on anchor institutions help inform decisions at local, regional, and state levels
From job training to procurement to business development, state-level measures of anchor institutions are helping to advance conversations, support collaboration, and drive economic growth.
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How the Fed goes beyond the data to try to make the economy work for everyone
Utilizing qualitative data from various sources helps paint a comprehensive picture of economic well-being and guides policy discussions at the Federal Reserve. Amidst uncertainties, staying connected to the pulse of real-world experiences remains key.
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‘We’re looking for a place where we belong’: What we learned from talking to workers
As we think of ways to build the strong economy of tomorrow, we cannot afford to leave workers without a four-year degree, and their enormous potential, on the sidelines. “I […]
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A conversation on Skills Through Alternative Routes (STARs)
The labor market has transformed since the previous Uneven Outcomes conference. In this interview, we catch up with Papia Debroy who shares more on the concept of “Skills Through Alternative Routes.”
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![[Watch] Shifting Perspectives and Expectations on Employment](https://fedcommunities.org/wp-content/uploads/2023/07/workervoices-connecting-communities.png?w=1024)
[Watch] Shifting Perspectives and Expectations on Employment
What do workers expect of job quality? How are they using skill development and self-investment to change their economic opportunities? Here’s what recent research tells us. Watch or listen on demand.