workforce

Fordham University awarded $3M to build a workforce development and entrepreneurship hub

The New York City Economic Development Corporation (NYCEDC) recently announced that it is awarding Fordham University $3 million from its Greenlight Innovation Fund. The university will also receive additional funds, including a $1.1 million grant from Councilman Oswald Feliz, to create the Bronx Green Job Center (BGJC), a workforce development and entrepreneurship hub that aims to create an equitable green-job pipeline in the Bronx.

Federal Reserve Bank of Atlanta investigates employer demand for AI skills

In 2024, nearly 628,000 job postings demanded at least one AI skill, according to research from the Federal Reserve Bank of Atlanta’s Center for Workforce and Economic Opportunity. The research also revealed that the percentage of all job postings requiring at least one AI skill increased from approximately 0.5% in 2010 to 1.7% in 2024.

Coordination and consolidation of federal workforce development efforts coming

One of the top perennial concerns of America’s manufacturing and business communities relates to the workforce. The main issues may vary year to year; examples include too few workers available, skill mismatch, poor work habits or preparedness because of non-work issues such as basic education attainment, drug use, prison records or lack of work ethic.

Recent Research: The paradox of progress: How narrowing pay gaps might perpetuate gender inequality

A recent working paper from the Federal Reserve Bank of Boston, Self-reinforcing Glass Ceilings by Carlos F. Avenancio-León, Alessio Piccolo, and Leslie Sheng Shen delves into the complexities of the gender pay gap, even after it has narrowed. The authors challenge the conventional understanding that a shrinking gender pay gap automatically leads to greater gender equality.

Bachelor’s degrees are no longer required for many jobs

Bachelor’s degrees are no longer required for many jobs

2023 was a watershed moment in the history of the bachelor’s degree. Against a backdrop of a historically tight labor market, persistent talent shortages, and rising skepticism of the value of higher education, numerous state governments and major corporations dropped college degree requirements for many of their jobs.