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Auto Loan Delinquency Rates Are Rising, but Mostly among Subprime Borrowers
Steady increases in U.S. auto debt over the past seven years have raised concerns over credit quality and delinquency in consumers? repayment. We investigate these concerns and find that the credit quality of auto debt has actually improved throughout the current expansion. Delinquency rates have been rising mostly among subprime borrowers, who represent about a quarter of total outstanding auto debt. However, the potential risks to the financial sector are currently unknown and warrant close monitoring.
Federal Reserve District County Shapefiles
Federal Reserve District boundaries have been discussed many times since they were first defined and have been set for some time now. However, an easily accessible and accurate delineation of the boundaries does not currently exist in a central location. This may create challenges for Regional Banks of the Federal Reserve System, which attempt to provide an accurate picture of the economy in their region. Many times, state-level data are all that are available; however, when county-level data are available, FRS staff can produce more precise estimates of what is happening in a Federal Reserve ...
Population Turnover and the Growth of Urban Areas
People in the United States are relocating nearly half as much they did in the early 1980s. Lower population turnover—the propensity of people to move into or out of a given location—may mean a decline in labor market adjustment across industries and occupations; when people move across regions for job-related reasons, they may help smooth out changes that hit certain labor markets harder than others. Population turnover may also lead to better matches between employer and employee, an important factor in the growth of urban areas.Jason P. Brown and Colton Tousey examine the relationship ...