“In a tight labor market, for example, a high school graduate might think it’s easier to find a job with solid wages without going to college. But in a slack labor market, an individual coming out of high school might think, ‘well, there are no jobs and the jobs that are available don’t have very high wages,’” she told Data Reporter Rina Torchinsky.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.