Data suggest that labor market tightness has meant an increased number of open jobs per unemployed worker and heightened employer recruiting effort per vacancy.
The GoodCare Program in Virginia helps aspiring workers complete career pathways in health care, addressing workforce shortages in a sector essential to equitable pandemic recovery.
Pandemic-era unemployment insurance affected recoveries of low-wage job markets and high-wage job markets differently.
Over the past year, firms have had difficulty finding workers. Recent evidence from Fifth District business surveys indicates the difficulty is shifting from lower- to higher-skilled hires.
Labor force participation in Maryland and Virginia is down considerably compared to 2019, but different age and gender groups have fallen out of the labor force in the two states.
The Richmond Fed's Survey of Community College Outcomes presents a new way to measure success that includes previously underrepresented cohorts of students, including those receiving Pell grants.
States and school districts are using a variety of policies – including financial incentives – to try to combat a teacher shortage.
The elevated number of job openings in recent months have been a very stark signal of labor market tightness. But some signs may be pointing to that tightness starting to ease.
Claudia Macaluso and Sonya Ravindranath Waddell discuss recent challenges in finding and retaining workers, and how businesses have changed their recruitment tactics, adjusted wages, and made other changes in response to these challenges. Macaluso is an economist and Waddell is a vice president and economist at the Federal Reserve Bank of Richmond.
Renee Haltom, vice president and regional executive, reflects on key insights from the District Dialogues event held Feb. 8, 2022. The discussion focused on changes in the nature of work, the workforce and the skills needed, and how workers and employers are responding.
For the 50th episode of the podcast, hosts Jessie Romero, Charles Gerena and Tim Sablik use previous episodes to explore how labor markets are shaped by the economic choices we make throughout our lifetimes, from childhood to adulthood to old age.
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