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Report
Resilience and Recovery: Insights from the July 2022 Eastern Kentucky Flood
Because of its topography, location, and coal mining legacy, eastern Kentucky has a long history of flooding. This report focuses on housing in the 13 counties declared federal disaster areas after the July 2022 flood.
Report
Using Worker Flows to Assess the Stability of the Early Childcare and Education Workforce, 2010-2022
Turnover is a particular problem among childcare workers and less so among preschool and kindergarten teachers. In 2022, turnover in childcare work was about 65 percent higher than in a typical job, while attrition among preschool and kindergarten teachers was on par with the typical occupation.
Report
Inflation Remains a Burden and Consumer Debt is on the Rise
The Federal Reserve Bank of Cleveland’s Community Issues Survey (CIS) collects information semiannually from direct service providers to monitor economic conditions and identify issues impacting low- and moderate-income (LMI) households in the Fourth District—a region that includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. In March 2023, we surveyed more than 600 service providers who directly serve LMI individuals and communities across our District and received 95 responses (15 percent response rate). The results of this survey, ...
Report
Community Issues and Insights 2024: A Record-High Share of Respondents Observed a Decline in Affordable Housing
The Federal Reserve Bank of Cleveland’s Community Issues Survey (CIS) collects information semiannually from direct service providers to monitor economic conditions and identify issues impacting low- and moderate-income (LMI) households in the Fourth District, a region that includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. In March 2024, we surveyed nearly 600 organizations that directly serve LMI individuals and communities across our District and received 100 responses (17 percent response rate). The results of this survey are summarized ...
Report
An Uphill Battle: COVID-19’s Outsized Toll on Minority-Owned Firms
Since COVID-19 sparked state-mandated lockdowns nationwide in March, data suggest that minority-owned small businesses have been disproportionately impacted by the pandemic, facing higher rates of closures and sharper declines in cash balances as compared to nonminority-owned small businesses. Research shows that Black-owned businesses closed at more than twice the rate of white-owned firms and experienced declines in cash balances nine times as steep as nonminority firms in some cases. Black-owned businesses faced the greatest impact of any racial group, though Latinx- and Asian-owned ...
Report
Home Lending Trends from Select Counties in Kentucky, Ohio, and Pennsylvania: 2018–2022
This series of reports examines home mortgages and refinances from 2018 through 2022, a period of great change. The reports look at seven large counties in Kentucky, Ohio, and Pennsylvania: Allegheny County, Pennsylvania (Pittsburgh); Cuyahoga County, Ohio (Cleveland); Fayette County, Kentucky (Lexington); Franklin County, Ohio (Columbus); Hamilton County, Ohio (Cincinnati); Lucas County, Ohio (Toledo); and Montgomery County, Ohio (Dayton).
Report
Providing Labor Market Context for Debt-Related Driver’s License Suspensions in Ohio
More than 60 percent of Ohio’s driver’s license suspensions do not stem from bad driving; instead, they arise because the driver owes an unpaid debt. Debt-related suspensions (DRS) could prevent people from getting to work where they could make the money needed to repay the debt. In this report, we investigate whether DRS has implications for Ohio’s labor force.
Report
Rural Employment in Four States: A Story of Specialization and Change (2010 through 2019)
The media are full of stories about rural areas suffering from economic stagnation or withering away from depopulation, but do these stories represent all of rural America (Swenson, 2019)? The short answer is no. While some rural places have experienced long-term employment loss, others have experienced employment growth. Whether facing employment gains or losses, a region’s success depends on its resilience or ability to prepare for, adapt to, and thrive in changing economic environments. This report looks at employment trends in the nonmetropolitan counties in the Fourth District and ...
Report
Has Bank Consolidation Changed People’s Access to a Full-Service Bank Branch?
The consolidation that took place in the banking industry during the 2000s and 2010s led to an increase in the total number of bank branches per institution and resulted in a larger number of branches to meet customers’ banking needs.
Report
Measuring Evictions during the COVID-19 Crisis
Evictions are a serious risk for households facing job loss and economic upheaval during the COVID-19 pandemic, and temporary policies put in place to protect renters are beginning to expire. To understand how the crisis is affecting evictions, we measured eviction filing activity across 44 cities and counties. As of July 7, 2020, eviction filings have almost returned to their prepandemic levels in places where local bans have expired or where they were never enacted. We find that eviction filings tend to surge after temporary policies expire much more in places that enacted both filing bans ...