Federal Reserve Banks of Philadelphia, Cleveland upgrade online tool

The Federal Reserve Banks of Philadelphia and Cleveland recently enhanced their Occupational Mobility Explorer, an online tool that allows users to learn how to transfer skills to higher-paying jobs.

“The Occupational Mobility Explorer is designed to help anyone looking for a higher-paying role or a job in a new field,” Theresa Singleton, Federal Reserve Bank of Philadelphia senior vice president and community affairs officer, said.

The tool covers more than 600 job titles in 500 regions in the United States, and includes resources for creating a skills-based resume and a jobs board. Wage data is current as of 2023.

Users select their current role or goal occupation. The tool will provide a list of up to 10 roles with similar skills including wage data, education requirements, and projected job growth over a 10-year period.

“In addition to job seekers, this tool can be a helpful resource for career counselors or employers,” Kyle Fee, Federal Reserve Bank of Cleveland policy advisor, said. “All too often, incredible talent is being overlooked because employers are hiring for credentials or titles over skills. Skills-based hiring can be a key element in the economic mobility of workers while providing employers with a broader pool of talent.”

The tool launched in 2020.

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