Issue #15 | May 29, 2018
Recently, from the Cleveland Fed
Unemployment, vacant properties, population decline: Finding solutions in Dayton
A new jobs-readiness program, a scalable blight-elimination effort, and a comprehensive welcome for immigrants are three ways community leaders in southern Ohio are responding to persistent challenges in their region. Check out the multimedia story.
Fair housing faces challenges, but shows progress, too
We continue to hear anecdotal reports of racial discrimination in the mortgage market. Yet advancements in the financial system make teasing out the specifics of discriminatory practices a difficult task. The Community Development Department at the Cleveland Fed uses data to help determine what might be taking place, and how. Read Reflections on Discriminatory Lending: Past and Present.
Moving on up
Growth in the Lexington metro area continues at a steady pace, with unemployment decreasing, median home values rising, and consumer debt levels stable. The Pittsburgh metro area is catching a break, too, with employment levels finally rising in 2017 after being flat for some time. Get the latest on the Lexington and Pittsburgh metro areas in the most recent issues of Metro Mix.
Graphic of the Month
Interested in what’s new regionally? We’ve got you covered
The Region section of our website has articles, datasets, regional analyses, and a range of content on the industrial heartland.
On the Calendar
Summer, summer, summertime
Barter, make your own currency, and see our historic lobby at the Cleveland Fed’s Learning Center and Money Museum (Cleveland, OH)
July 14 – September 30
FRONT Triennial Art Exhibition (Cleveland, Oberlin, and Akron, OH)
Contemporary art by Philip Vanderhyden on display at the Cleveland Fed Monday through Thursday, 9:30 am to 2:30 pm
October 1 – 3
Reinventing Our Communities: Investing in Opportunity (Baltimore, MD)
From around the Federal Reserve System
Small-business materials available in one spot
In May, the Fed launched Fed Small Business, a site that gives users access to all of the regional Federal Reserve Banks’ data, questionnaires, and reports from the annual Small Business Credit Survey (SBCS), a national survey of small-business owners that provides insight into firms’ financing needs and experiences. The site also offers access to related research and analyses regarding this important sector of the US economy.
Cognitive aging impacts financial well-being
According to the US Census Bureau, by 2030, the 65-and-older crowd will be 72.3 million people strong. As people age, they can experience diminished ability to manage their finances, leaving them susceptible to financial fraud. A report by researchers at the Philadelphia Fed discusses financial decision making and cognitive health.
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