Topics
-
A Long Ride to Work: Job Access and the Potential Impact of Ride-Hailing in the Pittsburgh Area
Whether measured by proximity or commute time, data show that for the average transit rider, jobs are increasingly out of reach. Cleveland Fed researchers explored one solution for improving job access. Here’s your ticket to ride. Read More -
The Opioid Epidemic and Its Effects: What We Know
With drug overdoses being the leading cause of death for Americans under the age of 50, Cleveland Fed researchers examine the opioid epidemic’s effect on the region. Read their findings. -
Trouble finding workers? The answer may be transit.
In the latest entry in their Notes from the Field blog, the Community Development Department discusses job access—in this case, how people get to work. The problem is a persistent one for low-income workers across the country and was highlighted during a recent trip to Dayton, Ohio. Read More -
A look back at the financial crisis: What did we learn? What’s changed?
Ten years after the start of the nation’s unprecedented financial crisis, Cleveland Fed examiners and others reflect on what happened and detail how things have changed in response to it. Read More -
Labor Market Tightness across the United States since the Great Recession
Though labor market statistics are often reported and discussed at the national level, conditions can vary quite a bit across individual states. We explore differences in these labor market conditions across US states before and after the Great Recession using a ratio of the number of unemployed workers to job vacancies. We show that the intensity of the adverse effects of the recession and the strength of the recovery varied geographically at all points in the process. We also demonstrate that wage growth is delayed until the ratio of unemployed workers to job vacancies returns to prerecession levels. Read More
Recent Articles
-
Defining the Challenge: Promoting Economic Mobility and Resilience
To promote economic mobility and resilience among the underserved, an organization must first decide how it defines these terms. The definitions played a prominent role at a recent community development conference. Read how. Read More
-
Lexington—A Strong Labor Market but Some Signs of Stress
The Lexington metro area’s unemployment rate remained low as of June 2018, and employment grew during 2017. However, per capita consumer debt levels and credit card delinquency rates have ticked up in recent quarters. Read More
-
Pittsburgh—Employment Momentum Stalls
After nine months of the first meaningful employment gains in five years, employment growth in the Pittsburgh metro area stalled in the final quarter of 2017. And though the unemployment rate fell in the first half of 2018, it fell for the wrong reason. Read More
-
Cincinnati—Positive Conditions Continue
Recent unemployment rates have been the lowest the metro area has seen since 2001. Employment gains were broad based, with most major sectors seeing increases. Per capita GDP grew. And though per capita consumer debt levels have drifted down, credit card delinquency rates have drifted up. Read More
-
Cleveland—Slow Improvement Continues
A falling unemployment rate combined with slow, steady growth in employment is a sign of real improvement in the local labor market. GDP per capita and income per capita grew slowly in 2016. Consumer debt per capita and the credit card delinquency rate remain at relatively low levels, and median home values continue to rise. Read More