How Fed Data Tools Can Inform Economic Mobility

About this episode

This episode discusses tools that inform economic mobility and career advancement opportunities.

Occupational and economic mobility are crucial for a healthy economy that supports all. In this Connecting Communities webinar, learn more about the Federal Reserve Banks of Philadelphia and Cleveland's Occupational Mobility Explorer (OME) and the Federal Reserve Bank of Atlanta's Career Ladder Identifier and Financial Forecaster (CLIFF) tools. The OME sheds light on skills-based career pathways in the US labor market for jobseekers and employers. CLIFF tools help workers understand how career advancement decisions may affect public benefits, taxes, and tax credits. Together, these two tools can help workers and employers identify potential career advancement opportunities and better understand how such trajectories might better position them for greater economic stability. The session provides a brief overview of each tool and demonstrates how they can be used together to help individuals understand their economic mobility journey. This includes a better understanding of their possible career paths and the potential financial implications of specific occupational choices . Panelists from organizations that use data resources, including these tools, shared their perspectives on…

Topics covered

• economic mobility
• career advancement
• data tools
• public benefits
• skills-based hiring

Keywords

• economic mobility
• Occupational Mobility Explorer
• Career Ladder Identifier
• public benefits
• skills-based hiring

Mentioned in this episode

Organizations: Federal Reserve Banks of Philadelphia, Federal Reserve Banks of Cleveland, Federal Reserve Bank of Atlanta

Products: Occupational Mobility Explorer, Career Ladder Identifier and Financial Forecaster

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