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Journal Article
Regional Spotlight: Making Ends Meet
How does the local cost of living affect a household’s standard of living?
Journal Article
Regional Spotlight: Making Ends Meet
How does the local cost of living affect a household’s standard of living?
Journal Article
Exploring the Economic Effects of the Opioid Epidemic
Hundreds of thousands of Americans have died from opioid overdoses in recent years. What has this epidemic done to the economy? And why is the crisis so much worse right here in the Third District?
Discussion Paper
Are Fifth District Firms Revisiting Their Prices Less Often Amid Cooling Inflation?
The Richmond Fed's monthly business surveys of Fifth District firms gauge regional firm dynamics in pricing. We carefully monitor changes in firms' realized prices as well as their pricing expectations, especially since inflation began to accelerate in 2021 and 2022. Early last year, we examined how firms began to adjust their prices more frequently as firms' price forecasts became less accurate and uncertainty rose, as evidenced by a rising standard deviation of price growth expectations.
Journal Article
Third District State Budgets in the Coronavirus Recession
Delaware, New Jersey, and Pennsylvania are in for a struggle as they try to balance their budgets during this unprecedented economic cycle.
Discussion Paper
How the CHIPS and Science Act Will Target Economic Development in Distressed Labor Markets
As part of this past summer's CHIPS and Science Act, Congress not only funneled $50 billion of federal funding into U.S. semiconductor production, but also allocated $1 billion for a new place-based policy – the Recompete Pilot Program (RPP). The RPP, unrelated to semiconductor production, seeks to boost competitiveness and growth in several of the nation's persistently economically distressed areas. The program intends to target long-term comprehensive economic development and job creation in selected areas by supporting workforce development, business development, and infrastructure ...
Journal Article
Regional Spotlight: Evaluating Metro Unemployment Rates Throughout the Business Cycle
Not all unemployment is the same, especially when comparing RVs with MDs.
Briefing
Is Urban Cool Cooling New Jersey’s Job Market?
Since 2000, employment in New Jersey has slowed considerably compared with its relatively steady growth in the late 1980s through the 1990s. As of the second quarter of 2015, New Jersey?s total payroll employment was less than 1 percent greater than it was in the first quarter of 2000.
Journal Article
District Digest: Measuring Social Capital Across the Fifth District
How cliquey is your community? How often do people from different income groups in your area befriend one another? Do your neighbors volunteer their time to charitable causes? Social scientists have long studied social capital — the strength and value of social networks within communities — as well as its effects on economic, health, and political outcomes. Political scientists have linked higher civic engagement with the strength of democratic institutions, while economists have studied the role that friendships across socioeconomic statuses might have in fostering economic mobility.