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Engaging Workforce Development: A Framework for Meeting CRA Obligations

This guide provides banks – and organizations interested in partnering with them – information on how the Community Reinvestment Act can be leveraged to support workforce development goals.

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Investing in America’s Workforce: Report on Workforce Development Needs and Opportunities

This report provides a current snapshot of the workforce development sector and offers strategies for improving the human capital of America’s labor force, expanding access to jobs, and innovating funding.

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Thinking and Doing— Workforce Development for a Modern Era

Transforming U.S. Workforce Development Policies for the 21st Century explores how new policies and practice can meet the changing needs of workers, businesses and their communities.

Fed Governor Tours Kansas City's Workforce Initiatives

October 18, 2017

Governor Brainard gains first-hand look at a Kansas City workforce development initiative to create industry-informed job training programs in the information technology field.

Atlanta Fed’s Center for Workforce and Economic Opportunity

October 10, 2017

The Atlanta Fed launches new Center for Workforce and Economic Opportunity (CWEO) to make Federal Reserve System resources related to the labor market, employment opportunities, and workforce development accessible to researchers, businesses, and policymakers.

"Investing in America’s Workforce: Report on Workforce Development Needs and Opportunities"

October 05, 2017

This Federal Reserve System report analyzes information gathered from nearly 1,000 leaders who work at the intersection of workforce training, recruitment, and finance. The study provides a snapshot of the workforce development sector and its key challenges. It offers strategies for improving the human capital of America’s labor force, expanding access to jobs, and innovating workforce development funding.

Investing in America’s Workforce: Overview

October 02, 2017

The goals and activities of the Federal Reserve System’s national workforce initiative are described in this overview article.

Tenth District LMI Economic Conditions Report Looks at Labor Market

September 28, 2017

Many respondents in the latest Tenth District LMI Economic Conditions Report commented that ample jobs were available in their areas for LMI workers but that wages were very low and insufficient to support an individual or family—a common ongoing refrain in survey responses. 

Labor Market Disparities and Economic Performance

September 27, 2017

Governor Brainard discussed the impact of labor market disparities on monetary policy and initiatives aimed at understanding economic disparities and how to foster more-inclusive growth at the Kansas City Fed’s "Banking and the Economy: A Forum for Minority Bankers." 

Work Ethic: The Critical Skills for the 21st Century Workforce

September 14, 2017

Josh Davies, chief executive officer of The Center for Work Ethic Development, engaged with Oklahoma educators and employers to discuss the core behaviors that define work ethic and soft skills and research-based methods for integrating work ethic development into training and work settings. 

Earning a living: Who’s contributing to the recent increase in wage growth?

August 31, 2017

Wage growth for workers in the United States has accelerated gradually in the past two years, and a few industries are responsible for the surge.

Dissecting Wage Dispersion

August 23, 2017

This Economic Review article finds that “where you work” contributes more to residual wage dispersion than “who you are.” 

Government Policy and Labor Productivity

July 06, 2017

Vice Chairman Fischer discusses the impact of labor productivity on economic growth and policy options for improving innovation, investments and labor quality.

Investing in America’s Workforce: Improving Outcomes for Workers and Employers

May 02, 2017

This new workforce initiative by the Federal Reserve System and its partners aims to connect businesses, government, nonprofit, and philanthropic organizations to rethink policy and investments, attract new resources, and improve economic mobility for workers. Save the date for the Capstone Conference to be held October 4–6, in Austin, TX. Sign up at www.investinwork.org for updates and to be the first to hear when conference registration opens.

Increasing participation: Workers staying on the job longer

By Kevin Wright
May 01, 2017

One of the driving forces behind the increase in the labor force participation rate is older workers remaining on the job. The reasons vary for their extended stay, but their presence is an important element in understanding current labor conditions.

Experiences and Perspectives of Young Workers: A Connecting Communities webinar

April 25, 2017

Listen to experts from the Federal Reserve, the City University of New York (CUNY), and the Aspen Institute in in this edition of the Connecting Communities webinar explore findings from the recent Federal Reserve report on young workers and the labor market which provides a snapshot of the educational attainment, employment experience, job market outlook and financial self-sufficiency of 18- to 30-year-olds.

Assessing Differences in Labor Market Outcomes Across Race, Age and Educational Attainment

April 21, 2017

Broad indicators are often used to evaluate the health of the labor market but may mask disparities in outcomes across age, education, gender, and race. This paper summarizes work the research staff of the Federal Reserve Bank of Kansas City has done to better understand differences in labor market outcomes. Some of these findings reinforce earlier work, while others offer novel perspectives.

Developing Career-Based Training: A Connecting Communities

April 08, 2017

Advances in technology are fundamentally shifting the demand for labor toward workers who have significant skills. As a result, great potential exists for workers and employers develop more and better career-based training for many middle-skilled positions. Learn of new approaches to developing such training programs in the recently released Atlanta Fed ebook, Developing Career-Based Training

The Rise of Underemployment: Supporting the Needs of Low-Income Workers

April 06, 2017

This paper from the San Francisco Fed summarizes existing research on the topic of underemployment, discusses themes that surfaced during the locally focused meetings, and proposes ways to address the underlying causes through solutions that build on the interrelated nature of housing, jobs, transportation and child care.

Tenth District LMI Economic Conditions

By Kelly D. Edmiston and Daniel Perez
March 29, 2017

Most indicators of economic and financial conditions in the LMI community have rebounded from the previous survey, but more consistent improvement is needed to make a definitive judgment on the long-term trend of LMI economic conditions. 

Addressing Workforce Development Challenges in Low-Income Communities

By Chair Janet L. Yellen
March 28, 2017

Chair Yellen reviews workforce development initiatives and their importance given the significant job market changes in recent years, brought about by global competition and technological advances, and the new and shifting skills that these changes demand.

Putting the Community Reinvestment Act to Work

By Steve Shepelwich
March 10, 2017

Banks can play an important role in building a strong workforce for their local economy. A new resource from the Federal Reserve Banks of Dallas and Kansas City, Engaging Workforce Development: A Framework for Meeting CRA Obligations, provides banks, and organizations interested in partnering with them, information and tools to engage in workforce development activities.

Stuck in Part-Time Employment

January 18, 2017

Jonathan Willis of the Kansas City Fed finds that although the share of workers employed part time for economic reasons has declined, it is unlikely to return to its pre-recession level in the near future.

Regional Talent Pipelines: Collaborating with Industry to Build Opportunities in Texas

January 18, 2017

The Dallas Fed explores how regional workforce development systems can connect lower-skilled workers to opportunities for advancement in a changing labor market.

Investing in the Frontline: A Lesson from the Health Care Sector (webinar)

December 15, 2016

The Kansas City Fed discusses how an employer-led national collaboration of health care leaders promotes employer investment in the skill and career development of frontline health care workers.

Experiences and Perspectives of Young Workers

December 01, 2016

The experiences and expectations of 18- to 30-year-old Americans entering the labor market are explored in this research report from the Federal Reserve’s Board of Governors.

The Evolution of Work: A conference by the New York Fed

November 17, 2016

The New York Fed hosted “The Evolution of Work,” a conference to explore how the nature of work is evolving, including the expanding role of technology, shifts in employee work arrangements and employer-employee relationships, and the effects of these changes on workforce and community development strategies. Governor Brainard provided a speech on the implications of the growth of contingent work. The conference was co-sponsored by the Board of Governors of the Federal Reserve System and the Freelancers Union.

What is Behind the Recent Increase in Labor Force Participation?

November 14, 2016

Kansas City Fed economists find that the recent increase in labor force participation is not due to more workers entering the labor force, but to fewer workers exiting it.

Putting Your Paycheck to Work Infographics

November 10, 2016

Two new infographics are available for employers and financial educators on how to make the most of your paycheck.

Improving Job Quality for Lower-Wage Workers: An interview with Steven Dawson

November 08, 2016

Steven Dawson discusses opportunities for improving job quality and economic opportunities for lower-wage workers grounded in his current work as a Visiting Fellow at The Pinkerton Foundation and consultant with workforce development practitioners and funders.

Building Ladders and Raising the Floor: Improving Employment and Economic Opportunities for Frontline Workers

October 25, 2016

The Kansas City Fed, in partnership with the Aspen Institute's Economic Opportunities Program, hosted a discussion of the importance and advantages to both workers and employers for shifting our employment and workforce strategies to focus on "building ladders and raising the floor." See videos from the forum here.

Tenth District LMI Economic Conditions Report

By Kelly D. Edmiston and Daniel Perez, Research Associate
October 05, 2016

Labor markets for LMI households are examined in this edition of the Tenth District LMI Economic Conditions Report.

Economics in the Community Context: Underemployment

September 27, 2016

This paper from the San Francisco Fed explores the issue of underemployment and its impact on lower-income households and communities.

Beyond CRA: Meaningful Collaborations between Financial Institutions and Workforce Entities

September 16, 2016

The New York Fed and Boston Fed explored how the Community Reinvestment Act (CRA) and Workforce Innovation and Opportunity Act (WOIA) serve as unique opportunities for financial institutions and workforce entities to explore mutual goals and develop partnerships.

The Create Jobs for USA Program

September 08, 2016

The Boston Fed reviews the role of Community Development Financial Institutions in creating new jobs. 

Two-Generation Strategies for Workforce Development

September 07, 2016

The evolving practice of two-generation strategies for leveraging workforce development, education and social services to move families out of poverty was discussed at the Exploring Financial Resiliency and Mobility Conference.

Federal Reserve and the Center for Popular Democracy Listening Session (video)

August 25, 2016

Federal Reserve officials meet with the Center for Popular Democracy's Fed Up campaign in Jackson Hole, Wyoming to discuss its members’ challenges in the labor market and other issues.

Addressing Employment Needs through Sector Partnerships: Case studies from across the Federal Reserve's Fourth District

August 15, 2016

Five sector-based partnerships are explored in this set of case studies from the Cleveland Fed.

Where can the participation rate go from here?

August 02, 2016

After a long stretch of declines since the Great Recession, labor force participation has risen in recent months, mainly due to an increase in highly educated workers re-entering the workforce.

FinTech Internship Program offers opportunity, enrichment and mobility

The Boston Fed profiles an initiative that supports upward social and economic mobility of Greater Boston’s low- and moderate-income youth.

Cascade focuses on workforce development

July 25, 2016

The Philadelphia Fed explores workforce development strategies, including apprenticeships, and financial capability, in its Summer edition of Cascade.

Workforce development addressed in new Community Reinvestment Act guidance

July 15, 2016

New interagency guidance on the CRA clarifies workforce development, job creation and economic development activities.

My Future, MyRA

June 17, 2016

Retirement options expand for workers with this individual retirement savings account.

Tackling Poverty, Two Generations at a Time

May 26, 2016
Tulsa program breaks new ground in the growing “two-generation” approach to tackling poverty.

Watch Workforce Development Webinars On Demand

May 10, 2016
Explore new strategies for transforming workforce development policy and practice to meet the needs of today’s evolving economy with a webinar series led by scholars and practitioners. The series highlights ideas from the Kansas City Fed’s Transforming U.S. Workforce Development Policy & Practice for the 21st Century.

‘Build Ladders and Raise the Floor’ at Oklahoma Works Conference

May 04, 2016

The Kansas City Fed sponsored an opening plenary session on strategies for improving the employment outcomes of lower-wage, frontline workers at Oklahoma’s annual workforce conference. Vickie Choitz of the Aspen Institute provided an overview presentation of the rationale and strategies for improving job quality.  Panelists from The SOURCE, Chicagoland Workforce Funder Alliance and High Plains Community Health Center discussed their experiences in improving job quality and its effects on workers and employers.

Financing Workforce Development in a Devolutionary Era

April 22, 2016

New research from the Atlanta Fed explores several promising alternative financing models for workforce development programs, such as social impact bonds and income-share agreements.

Moving Sectoral & Career Pathway Strategies from Promise to Scale: A Policy and Practice Lecture sponsored by the Oklahoma Department of Human Services and the Federal Reserve Bank of Kansas City

February 09, 2016

Dr. Chris King, senior research scientist at the University of Texas at Austin’s Ray Marshall Center, presented a framework for understanding the challenges faced by career pathways strategies and options for appropriate policy and practice innovations based on a chapter he authored in Transforming U.S. Workforce Development Policies for the 21st Century.

Models for Labor Market Intermediaries

February 02, 2016

Many communities are developing effective strategies to address common challenges in local workforce development through partnerships with traditional and nontraditional organizations. These partnerships are examined in the Atlanta Fed’s recently released electronic book--a collaboration with national experts in workforce development, and companion to the 2015 publication, Transforming U.S. Workforce Development Policies for the 21st Century.

Transforming U.S. Workforce Development Policies for the 21st Century: Book Launch Event

December 17, 2015

Watch national policymakers, practitioners and researchers discuss opportunities for strengthening the U.S. workforce system at the book launch event held at the Federal Reserve System’s Board of Governors.

Improving Employment Outcomes for Lower-Wage Workers

November 02, 2015

Workforce development leaders explore strategies for improving job quality and other emerging issues in the 10th District.

Identifying Opportunity Occupations in the Nation’s Largest Metropolitan Economies

October 15, 2015

Are there well-paying jobs for people without a four-year college degree? Identifying Opportunity Occupations in the Nation's Largest Metropolitan Economies summarizes research conducted by the Federal Reserve Banks of Philadelphia, Cleveland and Atlanta on employment opportunities for workers without a formal education. This research examines what employment opportunities can be considered opportunity occupations, where these opportunity occupations are located and how employer preferences differ from the education requirements for these jobs.

NexStep: Bridging the Employment Gap

September 01, 2015

Adult education program in Wichita unites GED, technical training and employment services.

Improving the Quality of Jobs through the Public Workforce System

April 30, 2015

Scott Anglemyer, executive director of Workforce Partnership, discusses opportunities for the public workforce system to meet the changing needs of employers and workers.

Raise the Floor, Build the Ladder: Good Jobs for New Mexico's Workforce

April 24, 2015

April summit to explore program, policy and funding supports for low-wage workers and employers.

Signs of Improvement in Prime-Age Labor Force Participation

The Atlanta Fed's microblog discusses signs that some of the prime-age individuals who had retreated to the margins of the labor market have been flowing back into the formal labor market.

Reforming Workforce Development Policies for American Workers

February 01, 2015
Summary and recommendations from a panel at the Transforming U.S. Workforce Development Policies for the 21st Century conference.

Transforming U.S. Workforce Development Policies for the 21st Century: A Conference Overview

December 12, 2014
National forum shares perspectives on education and workforce development strategies. 

Labor Market Dynamics and Monetary Policy

Chair Janet Yellen discusses the implications of labor market dynamics and monetary policy at the Kansas City Fed's Economic Symposium in Jackson Hole, Wyoming.

Creating better healthcare jobs explored in national audioconference

Strategies for improving low-wage jobs and their outcomes on economic mobility and financial stability through the lens of the frontline healthcare sector are discussed in this audioconference.

Listening to Caregivers

Adrienne Smith, president and CEO of the New Mexico Direct Caregivers Coalition, discusses challenges and opportunities for improving outcomes for direct caregivers, their patients and their employers.

Investing in People as an Economic Growth Strategy

Jeffrey Lacker, president of the Richmond Fed, discusses long-run strategies to improve labor market outcomes.

Workforce Development and the CRA explored in national audioconference

A survey of workforce development professionals suggests that the Community Reinvestment Act can be a useful resource to support workforce outcomes. An overview of the CRA and steps workforce leaders can take to engage banks are discussed in this presentation.

Richmond Fed President discusses Skills, Inequality and Mobility Richmond

Richmond Fed President Jeffrey Lacker discusses the role of workforce development programs, especially those targeted at youth, on issues of skills development, inequality and mobility.

Building a Resilient Workforce

Dennis Lockhart, president of the Atlanta Fed, discusses building a workforce that can adapt to changing economic realities in opening remarks at the 2013 Community Development Research Conference.

Employer and Lower-Wage Employee Perspectives on Training and Advancement

This jobs-related podcast discusses the value and a role for both the employee and employer in developing and enhancing the skill sets of lower-wage workers.

Governor Raskin addresses challenges facing LMI Workers

Governor Sarah Bloom Raskin addresses labor markets and workforce development challenges at the National Community Reinvestment Coalition Annual Conference.

Kansas City Fed brings experts together to address the future of workforce development

Go inside the key issues impacting workforce development. Learn more about the need for public and private partnerships, the impact of demographic changes, and the role of self-employment.

Power in Partnerships: Addressing Workforce Development Challenges

The Atlanta Fed’s jobs-related podcast discusses the importance of public, private and philanthropic partnerships in addressing local and regional workforce challenges.

Leveraging the Community Reinvestment Act to Advance Workforce Development

Steve Shepelwich discusses ways workforce professionals can expand partnerships with banks to create complementary programs with Ron Painter, CEO of the National Association of Workforce Boards.

Investing in America’s Workforce: A Federal Reserve System Initiative

This portal provides information on the Federal Reserve System’s to reimagine and reframe workforce development efforts across the country as opportunities for productive investments.

Tenth District Economic Databooks

These state-level databooks provide current economic and labor market indicators to help monitor trends and allow comparison of past information.

Map Your Community

Map Your Community is a web-based mapping tool that allows workforce development professionals to explore labor market and community variables.

Kansas City Fed Labor Market Conditions Indicators

The Kansas City Fed Labor Market Conditions Indicators (LMCI) are two monthly measures of labor market conditions based on 24 labor market variables. The indicators measure the level of activity and momentum in labor markets.

Federal Reserve Human Capital Compendium

This repository provides access to research on employment, unemployment, and workforce development published by the Board of Governors and all 12 Federal Reserve Banks.

FedCommunities.org: Workforce Development Section

This portal provides information on the workforce development programs, resources and research carried out by all of the Federal Reserve Banks.

It Pays to Know Your Paycheck

Students from the Oklahoma Department of Rehabilitation Services gain timely information during visit to the Fed.

Resources for Educators

The resources can be used with high school students and young adults to help them understand and manage their paychecks and income.

Resources for Employees

The fact sheets are designed for employees to learn more about their paychecks and how to get the most from them.

Resources for Employers

The resources are designed to assist employers in providing information on how their employees can better understand and manage their paychecks.

Investing in America’s Workforce: Report on Workforce Development Needs and Opportunities

October 05, 2017

Based on 55 roundtables with local leaders across the nation, this report provides a snapshot of the workforce development sector and offers strategies for improving the human capital of America’s labor force, expanding access to jobs, and innovating funding.

Improving Employment Outcomes for Lower-Wage Workers

November 02, 2015

A summary of the 2015 Tenth District workforce development forums. 

Workforce Development in the Tenth District

Workforce development leaders discuss current issues at forums held across the 10th District.

Workforce Development and the Chronically Unemployed

Series of roundtable discussions on workforce development and the chronically unemployed.

Roundtables Address Workforce Development Challenges

The roundtables are part of a system-wide Federal Reserve initiative to inform program and policy responses.