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This report aims to understand the main differences in labor force participation among New York City’s workers and discusses discusses some of the reasons for the City’s uneven recovery when compared to the rest of New York State and the nation.
<p><span>It is a pleasure to join the Economic Club of New York for this discussion.</span><a href="https://www.federalreserve.gov/newsevents/speech/brainard20210601a.htm#fn1" title="footnote 1"><span>1</span></a><a name="f1"></a><span> Consumer demand is strong, vaccine coverage is expanding, and pandemic-affected sectors are reopening in fits and starts. As was the pandemic shutdown with its ebbs and flows, the reopening is without precedent, and it is generating supply–demand mismatc...
Patience And Progress As The Economy Reopens And Recovers, Federal Reserve Governor Lael Brainard, At "The Road To Recovery And What's Next," A Virtual Conference Sponsored By The Society For Advancing Business Editing And Writing (Via Webcast) Date 11/05/2021 I want to thank Heather Long and the Society for Advancing Business Editing and Writing for inviting me to join you today.1 Strong fiscal support and increasing vaccination rates drove a strong rebound in activity in the first quarter, and the second quarter looks to be even stronger. The outlook is bright, but uncertainty remains,...
Parental Participation In A Pandemic Labor Market -- this post authored by Olivia Lofton, Nicolas Petrosky-Nadeau, and Lily Seitelman Gender gaps in labor market outcomes during the pandemic largely reflect differences in parents’ experiences. Labor force participation fell much less for fathers compared with other men and all women at the onset of the pandemic; the recovery has been more pronounced for men and women without children. Meanwhile, labor force participation among mothers declined with the start of the school year. Evidence suggests flexibility in setting work schedules can off...
U.S. Economic Outlook And Monetary Policy: An Update, Federal Reserve Governor Lael Brainard At The C. Peter Mccolough Series On International Economics, Council On Foreign Relations, New York, New York (Via Webcast) Date 02/03/2021 It has been one year since the first wave of the COVID-19 pandemic hit our shores—a year marked by heartbreak and hardship. We are all looking forward to a brighter time ahead, when vaccinations are widespread, the recovery is broad based and inclusive, and services, schools, sports, and social life are in person. The expected path of the U.S. economy has s...