Remote Work Leaves Younger Workers Sidelined - Liberty Street Economics

At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.

The Teller Window is a publication featuring expert knowledge and insight from the New York Fed, including thoughts and perspectives from senior leaders.

Do you have a request for information and records? Learn how to submit it.

Learn about the history of the New York Fed and central banking in the United States through articles, speeches, photos and video.

Markets & Policy Implementation

Markets & Policy Implementation

DATA

Reference Rates

Effective Federal Funds Rate

Overnight Bank Funding Rate

Secured Overnight Financing Rate

SOFR Averages & Index

Broad General Collateral Rate

Tri-Party General Collateral Rate

Desk Operations

Treasury Securities

Agency Mortgage-Backed Securities

Repos

Reverse Repos

Securities Lending

Central Bank Liquidity Swaps

System Open Market Account Holdings

Primary Dealer Statistics

Historical Transaction Data

DOMESTIC MARKET OPERATIONS

Monetary Policy Implementation

Treasury Securities

Agency Mortgage-Backed Securities

Agency Commercial Mortgage-Backed Securities

Agency Debt Securities

Repos & Reverse Repos

Securities Lending

Discount Window

Treasury Debt Auctions & Buybacks<br>as Fiscal Agent

INTERNATIONAL MARKET OPERATIONS

Foreign Exchange

Foreign Reserves Management

Central Bank Swap Arrangements

ACROSS MARKETS

Statements & Operating Policies

Market Intelligence

Survey of Market Expectations

Annual Reports

Counterparties

Primary Dealers

Standing Repo Counterparties

Reverse Repo Counterparties

Foreign Exchange Counterparties

Foreign Reserves Management Counterparties

Operational Readiness

Central Bank & International Account Services

Programs Archive

Economic<br>Research

Financial Institution Supervision

As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.

The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.

Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.

The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.

Financial Services<br>& Infrastructure

The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.

The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.

The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.

The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.

Community Development<br>& Education

Economic Education

Programs

High School Fed Challenge

College Fed Challenge

Teacher Professional Development

Classroom Visits

Museum & Learning Center Visits

Resources

Educational Comic Books

Economist Spotlight Series

Lesson Plans and Resources

Economic Education Calendar

The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.

Liberty Street Economics

" The Regional Side of the Story: K‑Shaped Pattern in Region, Wider Gap in Gas Spending | Main

June 1, 2026

Remote Work Leaves Younger Workers Sidelined

Natalia Emanuel, Emma Harrington, and Amanda Pallais

Youth unemployment has risen dramatically since the pandemic—as has the prevalence of remote work. Our analysis suggests that these trends are related, with remote work making it more difficult for managers to train and mentor new employees. Accordingly, companies may be reluctant to hire less-experienced workers in distributed work arrangements. We estimate that remote work can explain 64 percent of the recent increase in unemployment among young college graduates. Further, the timing of this surge suggests that remote work—not generative AI—explains the bulk of the rise in youth unemployment.

(Not) Working from Home

Unemployment among young college graduates has risen...