Federal Reserve Bank of Minneapolis

Congratulations to Anand Krishnan who has been named a vice president in our Supervision, Regulation, and Credit department. Learn more about Anand's previous experience as well as his new role here ?? https://bit.ly/4bHd07b

Inequality is often expressed as the gap between the earnings of those at the 10th and 90th percentiles of the distribution. But to better understand where inequality is changing, we can look at the gap between the earnings at the bottom and the middle, and the middle and the top. These earnings ratio statistics from Income Distributions and Dynamics in America show that in all of these states, the gap between the 10th and 90th percentiles has fallen. This is driven by a narrowing of the gap between the 10th and 50th percentiles, while the gap between the 50th and 90th percentile has narrowed less and in some states it has increased. Explore more income statistics: https://lnkd.in/g5qcsKMM

How might “administrative burdens”—a term for the frictions people experience when they seek to interact with public programs—affect workers’ access to unemployment insurance (UI) systems? To identify state-by-state variations that might inform that discussion, we documented UI application processes for all 50 states and Washington, D.C. Our review revealed differences on multiple fronts, including language accessibility, mobile-friendliness, and hours of availability. We also looked into how administrative burdens may impact certain groups of individuals. The findings suggest which populations are disproportionately likely to feel their effects. Learn more in a new article from Economist Ayushi Narayan: https://bit.ly/4ikCJVG.

Congratulations to Elizabethe Leake who has recently assumed the role of vice president and chief financial officer of our Financial Management Group. You can learn more about her previous experience as well as her new role here: https://bit.ly/41vgwwR

Scholars studying economic opportunity and inclusive growth up to 8 years post-PhD: We invite you to apply to the Opportunity & Inclusive Growth Institute’s early career researchers’ workshop in Minneapolis on 11/14. This event is part of the Institute’s annual research conference, and it is a great opportunity for paper development. The Institute Research Conference will take place on 11/13 with a keynote address from 2021 Nobel prize winner David Card. The conference program committee members are Taha Choukhmane, Stephie Fried, Dan Hartley, Amanda Michaud, Serdar Ozkan, Kosali Simon, and Abigail Wozniak. Please share with your networks! https://bit.ly/3wiLpn8

What do the latest point-in-time counts reveal about who is homeless in America? Children under the age of 18 experienced a 33 percent increase in the share experiencing homelessness between 2023 and 2024, the largest jump of any age group. Read more in a new article by Lisa Camner McKay and Ken Cowles: https://bit.ly/4bAFyPG

This week's Views from the Ninth photo - Dignity: of Earth & Sky This 50-foot-tall stainless steel statue designed by sculptor Dale Lamphere can be found near Chamberlain, South Dakota. It was a gift from Norm and Eunabel McKie of Rapid City to the people of South Dakota to celebrate the 125th anniversary of statehood. It was installed in 2016 and honors the cultures of the Lakota and Dakota people. ?? : Erick G.L. #ViewsFromTheNinth

What are applicants’ experiences with the unemployment insurance (UI) system? How are states innovating to better serve UI applicants while maintaining program integrity? Where are the biggest opportunities and challenges related to UI access? Join us virtually at 12:00 p.m. CT on April 9 as we explore evidence on UI access, with brief research presentations and a panel discussion among experts. Federal Reserve Bank of Minneapolis researchers will open this webinar by sharing findings from data they collected from UI agencies across the country and from focus groups with women who have experienced unemployment. Next, panelists will respond to the findings and share their expert insights. Our panelists are Julia Dale of Civilla, Jennifer Phillips of the Beeck Center for Social Impact + Innovation at Georgetown University, Andrew Stettner of The Century Foundation, and Beth Townsend of Iowa Workforce Development. Moderators and additional speakers are Mary Hogan, MSW, LGSW, Amalea Jubara, Ayushi Narayan, Hue Nguyen, and Ryan Nunn of the Minneapolis Fed. Visit our event page to register for this important conversation: https://bit.ly/3DA3Cpq

Visiting Minneapolis? Have family or friends in town? Come visit us in the North Loop! We offer free public tours. During the 75-minute tour you will learn about the history of the Federal Reserve, what we do, and how our work affects YOU! Oh yeah -- and see where we keep the cash. ?? Sign up here ?? https://bit.ly/3aj0hMu

The latest community perspectives and conditions blog post is now available. The community perspectives entry from the Federal Reserve Bank of Atlanta, which serves communities across the southeast US, shared, “Concerns about the cost of living remained top of mind among community contacts. In particular, the lack of affordable housing continued to financially challenge many individuals. Job seekers in lower-wage occupations reported declining confidence in the labor market and a more challenging job search experience. Contacts reported that a perceived lack of employer response to job applications also contributed to a growing sense of discouragement among some prospective workers.” Explore more takeaways from the February 2025 Beige Book, which was prepared at the Federal Reserve Bank of Minneapolis and based on information collected on or before February 24, 2025. https://lnkd.in/evqavrer