The Cleveland Fed’s district includes 56 counties in Kentucky, all of which are located in the eastern portion of the state.
We estimate trend unemployment rates for Ohio, Pennsylvania, Kentucky, and West Virginia, states that span parts of the Fourth District of the Federal Reserve System. Our estimated unemployment rate trend for the District as a whole stood at 5.7 percent in 2020:Q1 compared to a 4.7 percent observed unemployment rate within the District, implying a tight labor market by historical standards. Read More
Skills Are Bridges Not Gaps: A Skills-Based Approach for Transitioning Workers to Higher-Paying Occupations
Skills-based hiring practices—those that prioritize skills necessary to succeed in a role over formal educational credentials—show potential for securing higher positions for lower-wage workers and helping employers get the workers they need. Read More
When we asked community partners how COVID-19’s disruptions are impacting low- and moderate income families and neighborhoods and traditionally underserved communities, they heard this: the virus is impacting the already vulnerable disproportionately, and in a way that accentuates existing disparities. Read More
On the Ground in the Fourth District: COVID-19 Impacts on Communities and the Organizations Serving Them
In a follow-up to a report on how COVID-19 is affecting communities and service organizations nationally, the Cleveland Fed reports the insights of more than 600 direct service providers in its own Fourth District. Read more
The economic development field encourages business and job growth, while workforce development ensures individuals have the education, skills, and training needed to obtain jobs. This report provides perspectives on alignment as well as challenges and opportunities for greater alignment between the two systems, using stakeholder input from the Federal Reserve Bank of Cleveland’s Fourth District. Read More