U.S. States Hit the Hardest by COVID-19 Have Lower Unemployment Risks
States with relatively more COVID-19 cases tend to have a workforce less likely to face unemployment.
What Are Financial Market Stress Indexes Showing?
The St. Louis Fed’s financial stress index is diverging from others. The reason appears to be the result of a switch to a new interest rate used to help calculate the index.
Leisure and Hospitality Sector’s Recovery Complicated by Delta Variant
Shutdowns early in the pandemic primarily affected the Eighth Federal Reserve District’s leisure and hospitality sector, but its recovery could be complicated by the delta variant.
Pandemic, Rising Costs Challenge Child Care Industry
As the economy recovers and more parents return to work, declining child care capacity, combined with higher wages, could continue to push up costs.
Does the Beige Book Reflect U.S. Employment and Inflation Trends?
Simple, automated text analysis can extract useful metrics from the Beige Book.
Inflation, Part 2: How Do We Construct and Choose an Index?
Both the CPI and the PCE price indexes measure the prices of consumer goods and services— but they differ in important ways.
Startups Account for Smaller Share of U.S. Jobs
Since 1994, startup firms have seen their share of U.S. employment shrink.
Trends in Startups’ Share of Jobs in the U.S. and Eighth District
Startups have been representing a smaller share of all jobs within the U.S. and Eighth District in recent years.
Demographics, COVID-19 Leave Construction with Tight Labor Supply
Although pandemic-induced material shortages may improve, the construction industry’s labor supply challenge is the result of longer-term demographic issues.
Firms Start with Fewer Employees over Last 25 Years
The average new firm that is less than a year old had 20% fewer workers in 2019 than it did in 1994.