A Berks Alliance Community Forum March 24th
One of the most significant impacts of the Covid Epidemic has been the impact that it has had on the labor market. Unemployment rose dramatically early in the epidemic, as businesses ceased operations and workers left positions. The data suggested that lower wage workers, workers with lower levels of education, women, and workers of color were disproportionately affected by these jobs losses. In 2021, the economy did recover some, but unemployment remained elevated. By June 2021, the demand for workers—the number of vacant positions—rose to an all-time high. Employers were offering financial incentives to attract workers, offering specialized training and in some cases lowering the credentials and requirements for filling a position.
A report by Keith Wardrip, the Community Development Research Manager at the Philadelphia Federal Reserve, explores the impact that the Covid pandemic has had on the job market across the country, particularly those jobs that do not require a college degree. Joining Keith to share their experience with the recent job market will be a group of regional business leaders.
You can read a copy of the report here: a-moment-of-opportunity-report-final.pdf (philadelphiafed.org)
When: Mar 24, 2022, 11:30 AM Eastern Time (US and Canada)
Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZAocumoqT0tHdU0q0EuIQRYrQMIIv0AYR2K
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