2020 Reports Coming Soon!

Place an order to purchase your organization's 2019 Top Performer Summary Report! This valuable publication provides insight into the opinions and level of engagement of your top employees, each of whom participated in a 67-question survey as part of your application.

Highlights from this year's report include:

Presenting:

Loretta J. Mester

President and Chief Executive Officer

Federal Reserve Bank of Cleveland

 

During this special presentation, President Mester will discuss long-standing economic inequality — and what might be done to address it.

 

Please join us for this timely and informative webinar.

 

There is no charge for this event but you must RSVP by September 25, 2020

 

412-392-0610 or information@aaccwp.com

  

We will send you the webinar link once you have sent us your RSVP.

 

Sponsored by: PNC

With economic conditions changing so rapidly during the COVID-19 pandemic, the standard layoff indicators that policymakers and analysts use are falling short. These indicators are either not released frequently enough, or they lack geographic or industry information. Some indicators, such as initial unemployment insurance claims, may be less accurate under the current extreme conditions because of processing delays, duplicate claims, and fraud.2

As detailed in a recent Economic Commentary, we found that anticipated layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act provide timely and detailed data during the COVID-19 crisis in Kentucky, Ohio, Pennsylvania, and West Virginia (the Federal Reserve’s Fourth District states). The WARN Act requires employers with 100 or more full-time workers to inform employees with written notices at least 60 days in advance of a potential plant closure or mass layoff. Most states publish their WARN...

Manufacturing is not enjoying the heyday it once did, but in America’s industrial heartland, it is still very much alive. The industry faces many challenges, and one is finding and retaining its next generation of workers. Solving the problem promises benefits to people, companies, and entire communities. Falling short means missed opportunities: undiscovered careers, firms that can’t grow as much or as fast, and communities constrained by the weakening of the sector.

Our mission is founded in public service—strengthening the economic performance of the nation and our region and making a difference in the communities we serve. At our Bank, you’ll get the benefits you need and have the work–life balance you want. Your health, finances, and professional achievement matter to us. And our culture is one of inclusion, in which diversity of thought is encouraged and uniqueness embraced.

Be part of something big. Be part of our future. Make the Federal Reserve Bank of Cleveland your next career move.

Kristen Tauber Willem Van Zandweghe

Empirical studies find that the link between inflation and economic slack has weakened in recent decades, a development that could hamper monetary policymakers as they aim to achieve their inflation objective. We show that while the role of economic slack has diminished, economic growth has become a significant driver of inflation dynamics, indicating that the link between inflation and economic activity remains but the relevant gauge of activity has changed. The new evidence suggests that the COVID-19-related recession could induce substantial disinflationary pressure. Read More

Description: We calculate the median PCE inflation rate based on data released in the Bureau of Economic Analysis’ monthly Personal Income and Outlays report. Median PCE inflation is the one-month inflation rate of the component whose expenditure weight is in the 50th percentile of price changes. Benefits: By omitting outliers (small and large price changes) and focusing on the interior of the distribution of price changes, the median PCE inflation rate can provide a better signal of the underlying inflation trend than either the all-items PCE price index or the PCE price index excluding food and energy (also known as the core PCE price index).

Summer Scholar

Rebecca Cowin is a summer scholar in the Community Development Department. She is pursuing a BA in economics with a minor in Spanish at the University of Minnesota.

Read bio…

With economic conditions changing so rapidly during the COVID-19 pandemic, the standard layoff indicators that policymakers and analysts use are falling short. These indicators are either not released frequently enough, or they lack geographic or industry information. Some indicators, such as initial unemployment insurance claims, may be less accurate under the current extreme conditions because of processing delays, duplicate claims, and fraud.2

As detailed in a recent Economic Commentary, we found that anticipated layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act provide timely and detailed data during the COVID-19 crisis in Kentucky, Ohio, Pennsylvania, and West Virginia (the Federal Reserve’s Fourth District states). The WARN Act requires employers with 100 or more full-time workers to inform employees with written notices at least 60 days in advance of a potential plant closure or mass layoff. Most states publish their WARN...

Our mission is founded in public service—strengthening the economic performance of the nation and our region and making a difference in the communities we serve. At our Bank, you’ll get the benefits you need and have the work–life balance you want. Your health, finances, and professional achievement matter to us. And our culture is one of inclusion, in which diversity of thought is encouraged and uniqueness embraced.

Be part of something big. Be part of our future. Make the Federal Reserve Bank of Cleveland your next career move.

With economic conditions changing so rapidly during the COVID-19 pandemic, the standard layoff indicators that policymakers and analysts use are falling short. These indicators are either not released frequently enough, or they lack geographic or industry information. Some indicators, such as initial unemployment insurance claims, may be less accurate under the current extreme conditions because of processing delays, duplicate claims, and fraud.2

As detailed in a recent Economic Commentary, we found that anticipated layoff notices filed under the Worker Adjustment and Retraining Notification (WARN) Act provide timely and detailed data during the COVID-19 crisis in Kentucky, Ohio, Pennsylvania, and West Virginia (the Federal Reserve’s Fourth District states). The WARN Act requires employers with 100 or more full-time workers to inform employees with written notices at least 60 days in advance of a potential plant closure or mass layoff. Most states publish their WARN...

The number of deaths caused by COVID-19, the result of the novel coronavirus, is a key metric to judge the virus’s trajectory. But measuring deaths is more complicated than counting only the deaths of those people who had tested positive for the virus. To combat the pandemic and its effects productively, authorities and policymakers need accurate knowledge about how many people have died from COVID-19 and whether the death rate is growing, shrinking, or holding steady.

Presenting:

Loretta J. Mester

President and Chief Executive Officer

Federal Reserve Bank of Cleveland

 

During this special presentation, President Mester will discuss long-standing economic inequality — and what might be done to address it.

 

Please join us for this timely and informative webinar.

 

There is no charge for this event but you must RSVP by September 25, 2020

 

412-392-0610 or information@aaccwp.com

  

We will send you the webinar link once you have sent us your RSVP.

 

Sponsored by: PNC

The large increase in money supply during recent months may not have caused higher inflation because people are paying off debt rather than spending, says Robert Rich, director of the Federal Reserve Bank of Cleveland’s Center for Inflation Research.

Speaking on Central Banking’s new FedSpeak podcast, Rich says that typical monetary assumptions associated with an increase in the money supply have not played out during the pandemic.

“[Increases in the money supply have not gone into] exchanges of goods and services, they have gone into exchanges of financial assets,” he says.

Household debt fell by $34 billion in the second quarter of 2020, a recent New York Fed report shows. This marks the first decline since the second quarter of 2014 and the largest fall since first quarter of 2013, the report shows.

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