Roughly 16% of young adults in the U.S. aren’t in school or working. By not having a job or receiving further schooling, these young adults miss out on income- and wealth-building opportunities, which can create long-term economic disadvantages for them and the U.S. economy. An analysis from the St. Louis Fed’s Institute for Economic Equity ahead of Labor Day examines this issue and breaks down the rate of these “disconnected” youth by geography—rural, principal city and metro area—and by sociodemographic characteristics like race, gender and educational attainment. https://ow.ly/Cs3Q50T4tGt #Employment #Economy
Federal Reserve Bank of St. Louis
Banking
St Louis, Missouri 27,841 followers
We work to promote a healthy economy, foster financial stability and support job creation.
About us
The Federal Reserve Bank of St. Louis is committed to a strong and resilient economy for all. Follow us for careers and employment-related news, economic insights and updates, personal finance resources, and snapshots of our people and their great work. What we do: We are among 12 regional Reserve banks in the Fed System, the nation’s central bank. The Fed sets monetary policy to promote maximum employment, stable prices and moderate long-term interest rates; promotes financial system stability; supervises and regulates financial institutions; fosters a safe, efficient and accessible payments system; and promotes consumer protection and community development. Where we are: Located in the nation’s heartland, the St. Louis Fed proudly serves the public and communities in the Fed’s Eighth District: all of Arkansas and portions of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee. To stay connected, visit our website and social media links below: • YouTube: @stlouisfed • X: @stlouisfed • Instagram: @stlouisfed • Facebook: @stlfed • Threads: stlouisfed For questions about careers and the hiring process: [email protected] For news media: [email protected]
- Website
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https://www.stlouisfed.org
External link for Federal Reserve Bank of St. Louis
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- St Louis, Missouri
- Type
- Nonprofit
- Founded
- 1914
- Specialties
- Economic Research, Monetary Policy, Bank Examinations, Services to Financial Institutions, Payment Systems, Economic Education, Community Development, Treasury, FOMC, Financial Services, Cash Management, Data Security, Electronic Payment Systems, Community Outreach, Bank Supervision, and Financial Education
Locations
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Primary
1 Federal Reserve Bank Plaza
Broadway and Locust
St Louis, Missouri 63102, US
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200 N Main St
North Main Street and Exchange Avenue
Memphis, Tennessee 38103, US
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111 Center St
Stephens Building
Little Rock, Arkansas 72201, US
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101 S 5th St
PNC Tower
Louisville, Kentucky 40202, US
Employees at Federal Reserve Bank of St. Louis
Updates
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Interested in improving #Labor and #Workforce development? Join our Community Development team in Memphis on Sept. 10 for Pathways to Progress: Strengthening West Tennessee’s Young Adult Workforce. Hear from community organizations and others from across the region about successful approaches to addressing many of the challenges associated with economic disconnection among young adults, such as those involving housing, transportation and child care. To attend, register by Sept. 3: https://ow.ly/9cKH50T2pBv
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The flat FRED the Frugal Eagle (the St. Louis Fed’s friendly mascot) recently returned from attending the Olympics in Paris, where he cheered on Team USA. Did you know that St. Louis is also an Olympic city? In 1904, the first Olympic Games held in the United States took place on what is now the campus of Washington University in St. Louis in conjunction with the World’s Fair. Twelve countries participated, and it was the first time gold, silver and bronze medals were awarded. Learn more about the economic impact of hosting mega-events like the Olympics in a 2009 Federal Reserve Bank of San Francisco working paper in digital library FRASER: https://ow.ly/nO2H50T3pWw Explore the economic side of the Olympics in a 2012 Page One Economics article that examines the costs and benefits of hosting the Games: https://ow.ly/clNR50T3pWv
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During an Aug. 15-16 visit to Louisville, Ky., St. Louis Fed President Alberto G. Musalem discussed health care economics with leaders at Norton Healthcare, one of the area’s top employers and part of an industry that is important to the area economy. In addition, he toured Norton Brownsboro Hospital, where physicians demonstrated the facility’s state-of-the-art technology. Musalem also met with other business leaders to learn about local economic conditions and emerging trends during his trip, which began with a Q&A on the U.S. economy and monetary policy at a Greater Louisville Inc. (GLI) event. Conversations with business and community leaders in the Eighth Federal Reserve District provide Musalem with valuable insights about the economy and people’s experience with it. See his remarks during the GLI event and learn more: https://ow.ly/KS0X50T29r0 #CommunityEngagement #EconomicDevelopment #MonetaryPolicy
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The new school year is just around the corner and we can't wait for a new field trip season! Last year, the St. Louis Fed's Economy Museum saw 130+ groups and hope to have even more this year. Are you a #teacher or #parent looking for a unique and fun way to teach financial literacy and economics? The Economy Museum has FREE guided tours and classroom programs. Learn more and plan your visit, here: https://ow.ly/V5ei50T1AyF #BackToSchool #StLouis #Museum
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How much wealth inequality is there in the U.S.? Knowing the current state of wealth inequality sheds light on opportunities to foster a more equitable #economy where everyone can thrive. The St. Louis Fed's Institute for Economic Equity provides quarterly racial, generational, and educational wealth inequality data. The data below tell just part of the story. For more, read the full article: https://ow.ly/KVPN50SZM7K
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This week, the St. Louis Fed celebrated the dedicated public service career of our outgoing First Vice President Kathy O'Neill. This culminated in a (surprise!) final send-off, as colleagues packed our hallways to say goodbye. Kathy is retiring after a distinguished 36-year career with the Fed. In various roles, she provided strong leadership during change in the banking system and the payments industry, and she helped guide the Bank through the pandemic. She also was instrumental in strengthening the Fed System’s overall fiscal agency relationship with the U.S. Treasury. She served as our interim president and CEO from July 2023 to April 2024. “Working at the St. Louis Fed has truly been an honor and a privilege. I am proud of what we do to foster an economy that works for all,” she said. “I am grateful to have had the opportunity to partner with many dedicated, diverse and distinguished individuals over the course of my career, and I hope to leave behind a legacy of excellence, empowerment, integrity and inclusion throughout the organization.” Wishing you well on your next adventure, Kathy!
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#WeAreHiring | Bring your passion and expertise, and we'll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth and life. ✅Competitive compensation ✅Hybrid work schedule ✅Parental leave ✅Paid vacation, holidays and sick leave ✅401(k)/thrift plan and employer-funded pension plan Search openings and apply: https://ow.ly/5h1Y50SXafK ALERT: Be aware of potentially fake online job postings that claim to be from the Federal Reserve. If you’re interested in a Federal Reserve career, always verify and only apply to jobs on the Federal Reserve System Careers website or through verified Federal Reserve Bank social media channels. Learn more about a career at the St. Louis Fed: https://ow.ly/atEm50SXafJ #Careers #JobSearch
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What is the gold standard? A gold standard means the value of a country’s currency is linked to a specified amount of gold. An updated blog post gives a brief history of the gold standard in the U.S. and explains why the country no longer follows it: https://ow.ly/ZkcV50SUibr #Economics #Economy
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The Federal Reserve Bank of St. Louis has named Executive Vice President Matt Torbett as Federal Reserve System Treasury director, effective Aug. 15. He will be responsible for the Treasury Relations and Support Office (TRSO) and managing the Federal Reserve’s overall relationship with the U.S. Treasury for fiscal agent services. He will continue to serve on the Bank’s management committee. See the full announcement here: https://ow.ly/6j8E50SUcfb Congratulations, Matt!
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