• Join us and the @sadiecollective September 9 for a fireside chat with @SpelmanCollege President @helenegayle and @Spelman_Econ Chair Marionette Holmes: Link https://t.co/1w2pRuSOIu
    ChicagoFed Wed 10 Aug 2022 23:05
  • New data: The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index decreased to –51 in July from –31 in June, suggesting that economic growth was well below trend. The CFSEC is a survey of organizations located in the Seventh District. #CFSEC Link https://t.co/hGxu468nh1
    ChicagoFed Wed 10 Aug 2022 13:52

    The Chicago Fed Survey of Economic Conditions (CFSEC) is a survey of organizations located in the Seventh Federal Reserve District. The Chicago Fed produces diffusion indexes based on the quantitative questions in the survey that are released at 10:00 a.m. ET on scheduled days, normally in the second week of each calendar month.

  • RT @SadieCollective: Are you a Black undergrad or high school student interested in a career in #finance, #econ, or #DataScience? Check out…
    ChicagoFed Wed 10 Aug 2022 12:57
  • RT @EDQ_Journal: Check out the introduction to the latest issue of @EDQ_Journal @SAGEJournals by M. Lavelle @ChicagoFed: “New research insi…
    ChicagoFed Wed 10 Aug 2022 12:57
  • Do you have experience in #TalentManagement, #EmployeeRelations, and #Workforce planning? #ApplyNow to use your expertise to consult with leaders on their #HumanResource strategy and help build a workforce dedicated to advancing a trusted financial system: Link https://t.co/iZFkGYCqWX
    ChicagoFed Tue 09 Aug 2022 19:28
  • RT @BHPNetwork: Explore how health insurance companies are testing programmatic interventions in our most recent blog in collaboration with…
    ChicagoFed Mon 08 Aug 2022 16:29
  • RT @IITStuart: Cindy Ivanac-Lillig, director of media relations at the @ChicagoFed, writes about her experience as a first-gen college stud…
    ChicagoFed Mon 08 Aug 2022 16:29
  • Are workplaces planning to continue #RemoteWork in the year ahead? We break down responses from a special survey of Seventh District #employers, including differences that emerged between goods producers and service providers. Link https://t.co/vhuLGW7QW4
    ChicagoFed Wed 15 Sep 2021 20:35

    At the onset of the Covid-19 pandemic, many workplaces in the U.S. were closed (either voluntarily or by government order) to limit the spread of the virus. Some of these workplaces, such as factories, reopened within a few months. Yet many other workplaces remained closed, and the vast majority of their employees continued to perform their tasks off-site. The pandemic has stretched on long enough that for many employees, remote work has become a new normal. But now, with Covid-19 vaccines widely available in the U.S., many long-closed workplaces are starting to reopen, and workplace leaders are implementing return-to-office plans. To what extent have employees been working remotely since the pandemic began? And to what extent might employers continue remote work arrangements into the future? In this blog post, we present answers to those questions from a special Chicago Fed Survey of Business Conditions (CFSBC), which was conducted during the period of July 12–16, 2021....

  • This #HispanicHeritageMonth, follow along as our employees celebrate their culture and share reflections of hope—#esperanza—for the future. Alex Contreras, president of our #Latinx employee resource group, expresses his aspirations for community leaders. https://t.co/YoArlTwe5c
    ChicagoFed Wed 15 Sep 2021 14:25
  • New data: National #Financial Conditions Index ticked down to –0.69 in the week ending September 10, pointing to little change in financial conditions last week. #NFCI Link https://t.co/oDshwi1jiK
    ChicagoFed Wed 15 Sep 2021 12:35

    The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems. Because U.S. economic and financial conditions tend to be highly correlated, we also present an alternative index, the adjusted NFCI (ANFCI). This index isolates a component of financial conditions uncorrelated with economic conditions to provide an update on financial conditions relative to current economic conditions.

    The NFCI and ANFCI are updated on a weekly basis at 8:30 a.m. ET on Wednesday, and cover the time period through the previous Friday. When a federal holiday falls on a Wednesday or earlier in the week, the NFCI and ANFCI will be updated on Thursday (release dates).

  • We are expanding our Supervision & Regulation teams in #Chicago, #DesMoines, and #Detroit. As an Assistant Examiner, you’ll receive on-the-job training combined with classroom learning to prepare you to become a Commissioned #BankExaminer—apply today: Link https://t.co/VivWltpvCB
    ChicagoFed Tue 14 Sep 2021 16:54
  • RT @TheFantaTraore: Curated and intentional exposure means @SadieCollective members leave with jobs and internships from our annual event w…
    ChicagoFed Thu 26 Aug 2021 16:17
  • Are workplaces planning to continue #RemoteWork in the year ahead? We break down responses from a special survey of Seventh District #employers, including differences that emerged between goods producers and service providers. Link https://t.co/9lhAvhzIoN
    ChicagoFed Wed 25 Aug 2021 19:36

    At the onset of the Covid-19 pandemic, many workplaces in the U.S. were closed (either voluntarily or by government order) to limit the spread of the virus. Some of these workplaces, such as factories, reopened within a few months. Yet many other workplaces remained closed, and the vast majority of their employees continued to perform their tasks off-site. The pandemic has stretched on long enough that for many employees, remote work has become a new normal. But now, with Covid-19 vaccines widely available in the U.S., many long-closed workplaces are starting to reopen, and workplace leaders are implementing return-to-office plans. To what extent have employees been working remotely since the pandemic began? And to what extent might employers continue remote work arrangements into the future? In this blog post, we present answers to those questions from a special Chicago Fed Survey of Business Conditions (CFSBC), which was conducted during the period of July 12–16, 2021....

  • Our Administrative Services team is looking for a technician that can help keep our building comfortable and #EnergyEfficient—#ApplyToday if you have experience installing, operating, and repairing environmental-control systems: Link #NowHiring https://t.co/7o3zzE9W11
    ChicagoFed Wed 25 Aug 2021 16:51
  • RT @TheFantaTraore: Please spread the word to Black youth in your vicinity! This event is truly one of a kind, with an emphasis on showing…
    ChicagoFed Wed 25 Aug 2021 15:46
  • "There should be more representation and inclusion of diverse voices in monetary policy, so conferences like this are important to help empower Black students to share their gifts in this field and excel." 3/3 Register here: Link #CareersinEcon #EconTwitter https://t.co/PG8Y6HoEPx
    ChicagoFed Wed 25 Aug 2021 15:31
  • "Diverse perspectives enhance our ability to properly speak to complex social issues with our research, as demonstrated by the Black economists currently in the field who have made great contributions—like the namesake of @SadieCollective, Dr. Sadie T.M. Alexander." 2/3
    ChicagoFed Wed 25 Aug 2021 15:31
  • “When I hosted the Research Assistant Panel last year, my goal was to affirm Black students in knowing that their perspectives are essential to effectively designing and conducting economic research," says Malcolm Thomas about our Exploring Career Pathways in Economics event. 1/3 https://t.co/AC7R2r81NL
    ChicagoFed Wed 25 Aug 2021 15:31
  • New data: National #Financial Conditions Index ticked up to –0.67 in the week ending August 20, suggesting financial conditions continued to tighten slightly last week. #NFCI Link https://t.co/KBN5Bmicb0
    ChicagoFed Wed 25 Aug 2021 12:35

    The Chicago Fed’s National Financial Conditions Index (NFCI) provides a comprehensive weekly update on U.S. financial conditions in money markets, debt and equity markets and the traditional and “shadow” banking systems. Because U.S. economic and financial conditions tend to be highly correlated, we also present an alternative index, the adjusted NFCI (ANFCI). This index isolates a component of financial conditions uncorrelated with economic conditions to provide an update on financial conditions relative to current economic conditions.

    The NFCI and ANFCI are updated on a weekly basis at 8:30 a.m. ET on Wednesday, and cover the time period through the previous Friday. When a federal holiday falls on a Wednesday or earlier in the week, the NFCI and ANFCI will be updated on Thursday (release dates).

  • RT @HellerHurwicz: #UMNEcon Alumni and Students: great opportunity to learn from @ChicagoFed and @SadieCollective about career paths in eco…
    ChicagoFed Tue 24 Aug 2021 21:35
  • What is the #CARTSIndex and how can it be used to study changes in consumer behavior in real time? Senior economist Scott Brave offers answers in this @govfinanceUIC blog post: Link https://t.co/jkSjAPyXUT
    ChicagoFed Tue 24 Aug 2021 16:09

    August 9, 2021

    By Scott A. Brave, Senior Economist, Federal Reserve Bank of Chicago

    The term “big data” means different things to different people. To me, big data refers to the rapidly growing and constantly changing frontier of information collection and data analytics, accumulated mostly by the private sector.

    As the pandemic unfolded, the speed with which the economy responded to the spread of the virus and the public policy actions that followed laid bare the need for accurate and timely measures of economic activity for governmental policymakers. This was particularly true for measures of consumer spending—which helped to track the effects of the Covid-19 crisis on business (and government) revenues.

    My colleagues at the Chicago Fed and I have spent the better part of the past year learning about and coming up with novel ways to make use of big data for this purpose. Recently, we began publicly releasing one of the fruits of our efforts: an...

  • Do you enjoy technology problem-solving, maintaining servers, and supporting networks? #Applynow to join the team that provides our economists, researchers, and analysts with #technicalsupport: Link #IT #nowhiring https://t.co/r80pnluIif
    ChicagoFed Mon 23 Aug 2021 20:14
  • How will electric vehicles transform the auto industry? Link #electricvehicle #EV #autoindustry https://t.co/VJO8W0A3uK
    ChicagoFed Mon 23 Aug 2021 16:33

    Lately, not a day goes by without a major player in the auto industry issuing a press release that signals a shift toward electrification. According to the New York Times, as many as 100 electric vehicle (EV) models will be featured in showrooms by 2025.1 All three carmakers with historical ties to Detroit have major plans to develop more EVs. General Motors Co. (GM) will invest $20 billion to produce electric and autonomous vehicles by 2025—with the goal of having 20 EV models in its global lineup even sooner (by 2023). Ford Motor Co. intends to spend over $11 billion on EV development by 2022. Ford also stated in 2020 that it will add 300 jobs at its Rouge Complex in Dearborn, Michigan, to support battery assembly and the production of its new F-150 Lightning models (both hybrid and fully electric), scheduled for release in 2022. Like its competitors, Fiat Chrysler Automobiles N.V. (now Stellantis N.V.) announced that it will invest over $10.5 billion in EVs—with the...

  • New data: Chicago Fed National Activity Index points to a pickup in economic growth in July as the #CFNAI increased to +0.53 from –0.01 in June. Link https://t.co/uLBZ5T40H2
    ChicagoFed Mon 23 Aug 2021 14:18

    The Chicago Fed National Activity Index (CFNAI) is a monthly index designed to gauge overall economic activity and related inflationary pressure. The CFNAI is released at 8:30 a.m. ET on scheduled days, normally toward the end of each calendar month.

  • Do you enjoy technology problem-solving, maintaining servers, and supporting networks? #Applynow to join the team that provides our economists, researchers, and analysts with #technicalsupport: Link #IT #nowhiring https://t.co/ozB15EcGsF
    ChicagoFed Fri 20 Aug 2021 20:11
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