China's Economic Data: An Accurate Reflection, or Just Smoke and Mirrors?
Find out why accurate reporting by China on its economy is important and how doubting outsiders are stepping in with their own measurements.
Labor Market Polarization: How Does the District Compare with the Nation?
See why jobs in the District, nation are increasingly becoming high-skill or low-skill. The decline of middle-skill jobs may be widening income inequality.
Moving In, Moving Out: The Migration Pattern of the Eighth District
Education and income differed between those leaving and those entering the District states from 2013-2017.
District Overview: Income Inequality Is Growing in the District, but Not as Fast as in the Nation
Income inequality has increased in the St. Louis Fed's District over the past 30 years, although at a slower pace than in the nation as a whole. In both areas, the inequality is increasing primarily between the top-income earners and the middle-income earners.
Measuring Trends in Income Inequality
Before there is discussion on what can and should be done about income inequality, interested parties should understand the different methods that can be used to measure the gap. Knowing when the gap has been particularly wide or narrow over the past 50 or so years would also be helpful.
District Overview: As in the Nation, New Jobs in the District Are Concentrated in Low-Paying Industries
The Eighth District added about 150,000 jobs from 2010 to 2013, almost 75 percent of them in low-paying industries. Such jobs are growing at a faster rate than those in high-paying industries, the opposite of what is happening on the national level.
District's Patterns in Imports and Exports Sometimes Differ from Nation's
As in the nation, the Eighth Federal Reserve District?s main trading partners are Canada, Mexico, China and the European Union. What is imported and exported, however, can vary significantly.
Dealing with the Leftovers: Residual Seasonality in GDP
Residual seasonality in gross domestic product can make it difficult for policymakers to know whether weak first-quarter GDP growth is due to an actual downturn or a reported number that is understated.
Comparing Measures of Potential Output
One of the goals of stabilization policy is to reduce the output gap?the difference between potential and actual output?during downturns. Potential output, however, is an unobserved variable whose definition can vary. For example, some view potential output as the level of output that can be produced when employment is at the natural rate. Others use trend measures of output to measure potential. We survey some of these measures using both full-sample data (all of the data that would be available through June 2017) and real-time data (the actual data that would have been available at ...
A Regional Look at U.S. International Trade
Economic activity at the state level varies greatly across U.S. regions, with different states specializing in the production of particular goods and services. This heterogeneity in activity informs the geographic distribution of U.S. imports and exports. Using U.S. Census Bureau foreign trade statistics, the authors examine the distribution of U.S. international trade at the state level, controlling for commodities and major trading partners. They find that trade activity varies greatly from state to state and identify two factors affecting this pattern?proximity to a trading partner and ...