The childcare sector has long faced workforce challenges that affect working parents and the broader economy. With high turnover and constraints on supply fueled by how the industry is financed, providers often struggle to offer care that parents can access.
Engaging employers is gaining momentum as a strategy for addressing constraints on the childcare market. An upcoming FedTalk will feature experts discussing supply constraints along with motivations and opportunities for employers to engage in ways that could improve workforce stability and productivity.
"We produce indicators and datasets to inform the public, policymakers, and researchers about economic conditions, including inflation, employment, and risks to the financial system," said a representative of the Fourth Federal Reserve District. "Our research informs the public and policymakers by examining economic issues of importance to those in our local communities, across the nation, and around the world."
The Fourth Federal Reserve District spans Ohio and parts of Pennsylvania, West Virginia, and Kentucky. The resources provided are useful for this region as well as communities across the United States.
"We represent and gather information from the Fourth Federal Reserve District," added another representative. "These resources are useful for our region, the communities we serve, and communities across the United States."
In addition to gathering information on economic conditions, the organization supervises financial institutions, supports American consumers' financial security, and maintains financial stability for US Treasury payment systems.
"We serve the American people as part of the US central bank," stated an official. "We support the US economy and our region by studying economic conditions and issues that impact our communities, serving financial institutions, and providing economic education and resources for all."
The next FedTalk webinar is scheduled for Wednesday, July 17, 2024, from 3:00–4:00 PM ET.
