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Journal Article
The Tight Labor Market in the Rocky Mountain Region is Showing Some Signs of Easing
Labor market conditions are showing some early signs of softening, as imbalances between labor demand and supply are improving. While labor markets remain strong in the Rocky Mountain Region, contacts suggest moderating labor market tightness in the coming year. This Rocky Mountain Economist provides an overview of recent regional labor market conditions, and prospects for the regional labor market in 2024 reported by businesses throughout the region.
Discussion Paper
The Devastation of Hurricane Helene: The Fifth District
The impact of Hurricane Helene is still reverberating across the Southeast with each day bringing new revelations of the catastrophic damage to communities in the Fifth District. After making landfall on Sept. 26 in Florida, the storm moved inland, bringing wind gusts and historic levels of rainfall that destroyed homes, businesses, landscapes, and critical infrastructure, and left some areas of our district unrecognizable. The loss of life — more than 230 people as of the writing of this post — makes Hurricane Helene the deadliest mainland hurricane in the United States since Hurricane ...
Journal Article
More Households Are Tapping into Their Home Equity After Rapid Home Value Appreciation
The use of home equity lines of credit (HELOCs) grew over the last two years after nearly a decade of declining balances. Relatively more households opened and used HELOCs in states that experienced faster home value growth. Once tapped, households typically use HELOC funds to engage in some targeted debt consolidation that could help them manage their household balance sheets.
Discussion Paper
Hurricane Helene: What We Are Learning
As a regional Reserve Bank, we keep a pulse on the Fifth District economy using a variety of sources, including anecdotal information from contacts in our region. To supplement our initial analysis on the economic impact of Hurricane Helene, we've compiled some early insights that detail how our Fifth District communities are grappling with the storm's aftermath.
Journal Article
Regional Firms Are Disagreeing About How to React to Current Economic Conditions
There is an increased level of disagreement among firms about their respective economic outlooks in the Tenth District region. As heightened levels of disagreement are historically associated with softening employment, this could have implications for economic conditions moving forward.
Journal Article
A Regional Indicator of Commercial Real Estate Activity: The KC Fed CRE Index
Activity in the commercial real estate (CRE) sector is closely linked to broader economic conditions. However, tracking developments in the CRE sector can be challenging due to the sector’s wide span of activities. At their inception, commercial properties involve construction activity, land development, and local infrastructure investments; once constructed, commercial properties can be used for a variety of purposes. The CRE sector also often reflects the regional economic landscape more than it is shaped by national features. To understand changing conditions in their regions, community ...