The University of Wisconsin-Superior’s School of Business and Economics (SBE) has established a new Advisory Council to advise and advocate for SBE, its programs and students. The group of highly experienced and successful business leaders will share their expertise and connections to help ensure SBE’s programs optimally prepare students to meet workforce needs and exceed employer expectations. They will also help identify and secure opportunities for UWS students.

Drawn from a wide range of business professions, the initial members of the council include:

As the pandemic subsides, the number of job openings is soaring. The U.S. Bureau of Labor Statistics said new job openings rose to an unprecedented 9.3 million in April. That’s good news for job seekers. Not so much for small businesses and other employers who are having a hard time finding qualified workers. At the same time, Native Americans typically face higher unemployment conditions than the population as a whole. The Minneapolis Federal Reserve is putting what they say is good data and research toward helping policy makers and elected leaders make informed decisions for Native employees and employers both.

Guests:

Donna Feir – research fellow at the Federal Reserve Bank of Minneapolis for the Center of Indian Country development and an associate professor of economics at University of Victoria

Les Thomas (enrolled citizen of the Turtle Mountain Band of Chippewa) – vice president for the North Dakota Native Tourism Association

Sean McCabe...

As the pandemic subsides, the number of job openings is soaring. The U.S. Bureau of Labor Statistics said new job openings rose to an unprecedented 9.3 million in April. That’s good news for job seekers. Not so much for small businesses and other employers who are having a hard time finding qualified workers. At the same time, Native Americans typically face higher unemployment conditions than the population as a whole. The Minneapolis Federal Reserve is putting what they say is good data and research toward helping policy makers and elected leaders make informed decisions for Native employees and employers both.

Our Regional Outreach team surveyed businesses across the Ninth District to gauge recent economic activity and the near-term outlook of firms in different sectors. Join Ron Wirtz, Regional Outreach director, for a live webinar discussing the results from a late July survey of firms and to learn how businesses are faring during the recovery.

The COVID-19 pandemic inflicted enormous human and economic costs on the Ninth District, nation, and world. The Federal Reserve Bank of Minneapolis is charged with closely monitoring economic conditions in our region so that local and national policymakers can make informed policy choices.

Given rapidly changing conditions, the Federal Reserve Bank of Minneapolis continues to monitor a variety of daily and weekly data sources to more accurately assess economic developments in real time, some of which are displayed below. Please check back for frequent updates and new indicators.

The pandemic recession put enormous stress on the federal-state unemployment insurance (UI) system. A one-month increase in the unemployment rate from 4.4 percent to 14.8 percent, combined with legislation that dramatically expanded the reach of the UI system, sent caseloads to levels never seen before. As tens of millions of workers were submitting applications, policymakers directed UI agencies to fundamentally alter the way the system worked, setting up new programs and making a host of changes to typical operations.

From one perspective, the UI system met this unprecedented challenge. The federal government reports that states made more than $1 trillion in UI payments in the second quarter of 2020, in contrast to less than $50 billion in the prior quarter (both at annualized rates). This spending, combined with direct payments to households, caused personal income to rise instead of fall in the second quarter of 2020, even as workers lost their jobs. The UI...

Our Regional Outreach team surveyed businesses across the Ninth District to gauge recent economic activity and the near-term outlook of firms in different sectors. Join Ron Wirtz, Regional Outreach director, for a live webinar discussing the results from a late July survey of firms and to learn how businesses are faring during the recovery.

The Federal Reserve has a congressional mandate to promote maximum employment. What is maximum employment? How does the Fed pursue it? And how do we know when the goal is achieved?

Join Terry Fitzgerald, vice president and assistant director of economic analysis at the Federal Reserve Bank of Minneapolis, to learn more about the Federal Reserve’s mandated goal of maximum employment and how the Fed promotes it. This “Conversations with the Fed” event will be held virtually on Thursday, Aug. 19, at 1:00 p.m. CT.

The Minneapolis Fed is at the Minnesota State Fair

Before you visit the cows, pigs, and horses; eat any food on a stick; or hop on a dizzying ride, swing by our booth in the Education building.

The COVID-19 pandemic has created many hardships for families due to disruptions in employment, schooling, and child care. Previous research describes the impact on parents of school-age children—primarily mothers—who altered their work arrangements or left the labor force to take care of their children at home. But the pandemic also affected parents with young children (that is, children under age five) with the burden again falling more on mothers, who have been more likely to leave the labor force because of caregiving responsibilities.

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June 2, 2021 12:00 p.m. – 2:30 p.m. ET | 11:00 a.m. – 1:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System

Congress enacted the Community Reinvestment Act (CRA) in 1977 in the wake of the civil rights movement. It was meant to address systemic discrimination in people’s access to credit and other financial services, particularly widespread redlining.

Kate Archer Kent is host of “The Morning Show” on The Ideas Network. She collaborates with a core production team to create compelling and relevant conversations each weekday morning about Wisconsin news, culture, and politics. The show, airing from 6 a.m. to 9 a.m., encourages participation from callers and social...Read more