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Journal Article
This is not your father's recession ... or is it?
The current declines in employment and income are consistent with what happened in previous recessions going back to 1969. Unique this time are the major drop in home prices and the proactive response by policymakers.
Journal Article
The current recession: how bad is it?
In a recession, the severity of the decline is just as relevant as the duration of the recession.
COVID-19, School Closings and Labor Market Impacts COVID-19, School Closings and Labor Market Impacts
With schools closed due to COVID-19, many full-time workers may drop out of the labor force to take care of their children. Which groups of workers might be most affected?
Journal Article
St. Louis Fed Steps in to Provide More-Timely Jobs Data
Although these [2018] revisions [to monthly state and local employment data] were significant, they didn?t come as a surprise to us at the St. Louis Fed. We have been releasing our own estimates of regional employment growth since mid-2017, and they have generally matched up well with the revisions released every March by the BLS. Our estimates can alert policymakers of likely revisions well ahead of time, allowing them to make decisions based on information that is often more accurate than the initial releases from the BLS.
Journal Article
Working from Home: More Americans Are Telecommuting
Americans who primarily work from home represented 3% of full-time employees in 2017, up from 0.7% in 1980.
Journal Article
A Report on Economic Conditions in the Louisville Zone
Journal Article
Industry Mix May Help Explain Urban-Rural Divide in Economic Growth
Economic growth in U.S. rural areas may be slower than growth in urban areas because of a different industry mix.
Journal Article
A closer look: assistance programs in the wake of the crisis
An unprecedented amount of aid was extended by the Treasury, Fed and FDIC to companies, agencies and individuals. This aid was necessary and, in many cases, will return a profit to taxpayers.
Eighth District Businesses Report Stronger Inflationary Pressures
In a February survey, 43% of regional firms reported implementing price increases to customers that were higher than what they had originally planned.