The Federal Reserve's Community Development function promotes economic growth and financial stability for low- and moderate-income (LMI) communities and individuals through a range of activities including convening stakeholders, conducting and sharing research, and identifying emerging issues. As households and communities contend with limited resources and persistent challenges, Community Development is focusing on the structural barriers to getting people back to work and restoring their financial stability.

Low-income and hard-to-employ individuals represent diverse segments of the population, each requiring unique policy considerations. Historically, youth, the less-educated, and minority workers have been over-represented among both the unemployed and the persistently unemployed. Currently, older workers, women, and those with college educations are also disproportionately facing long-term unemployment and low wages. The Community Development staff also recognizes the unique challenges faced by hard-to-employ populations such as the disabled, the homeless, and ex-offenders.

Publications

Long-Term Unemployment and Workforce Development

Related Information

Federal Reserve Human Capital Compendium
In this repository, the Federal Reserve Bank of Atlanta provides access to research published by the Board of Governors and all 12 Federal Reserve Banks on topics related to employment, unemployment, and workforce development.

Economic Development Podcasts
The Federal Reserve Bank of Atlanta's staff provides podcasts on a number of economic topics.

Workforce Development Listening Sessions in Pennsylvania
The community development departments of the Federal Reserve Banks of Cleveland and Philadelphia collaborated on a series of listening sessions throughout Pennsylvania in the summer of 2013. The sessions were designed for Federal Reserve staff to more fully understand the issues and challenges in workforce development.

Governor Sarah Bloom Raskin
March 22, 2013
Focusing on Low- and Moderate-Income Americans

May 12-14, 2014
Reinventing Older Communities: Bridging Growth & Opportunity

October 15-17, 2014
Transforming U.S. Workforce Development Policies for the 21st Century

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Last Update: January 26, 2015