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Working Paper
Racial Wealth Gains and Gaps: Nine Facts About the Disparities
Every three years, the Federal Reserve System conducts the Survey of Consumer Finances (SCF)—one of the most detailed examinations of household wealth in the U.S. The two most recent surveys were conducted in 2019 and 2022, thus providing a valuable resource to researchers exploring wealth changes during the Covid-19 pandemic and recovery. This working paper draws from the SCF and other important sources to present data on the racial wealth gap and socioeconomic factors that impact the racial disparity in net worth between households by race and ethnicity. We demonstrate that the racial ...
What’s New in CARTS 2.1? Updates to Our Index Tracking National Retail Sales
In this Chicago Fed Insights article, we provide an update on the Chicago Fed Advance Retail Trade Summary (CARTS). As readers may remember, CARTS debuted in mid-2021. A summary measure of multiple high-frequency indicators of retail sales (including payment card transactions, foot traffic, gas sales, and consumer sentiment), CARTS grew out of pandemic-era research that aimed to improve the timeliness and reliability of traditional measures of U.S. retail spending.
Newsletter
Immigration and the Labor Market in the Post-Pandemic Recovery
Standard estimates based on the main household survey used to shed light on labor markets—the Current Population Survey (CPS)—suggest that after a significant drop during the pandemic, recent rapid growth has brought the foreign-born population in the United States back to, or above, levels predicted by the pre-pandemic trend. However, we document that the weighting factors used to make the CPS nationally representative have recently displayed some unusual movements and conclude that standard estimates of the foreign-born population may currently be too high.
Working Paper
Immigration and the Labor Market in the Post-Pandemic Recovery
Standard estimates based on the main household survey used to shed light on labor markets—the Current Population Survey (CPS)—suggest that after a significant drop during the pandemic, recent rapid growth has brought the foreign-born population back to, or above, levels predicted by the pre-pandemic trend. However, we document that the weighting factors used to make the CPS nationally representative have recently displayed some unusual movements and conclude that standard estimates of the foreign-born population may currently be too high. We also show that recent labor market indicators ...