COVID-19’s Unprecedented Impact Alters U.S. Labor Market
A staggering 22.03 million initial claims for unemployment benefits were filed from mid-March to mid-April as the COVID-19 pandemic and ensuing stay-at-home policies took hold across the country.
Private Forecasters’ COVID-19 Global Growth Outlook Takes Shape
Private forecasters have anticipated since April 2 that the economy would contract for two consecutive quarters, marking a global recession unlike any seen in peacetime.
Global Perspectives: Tom Luce on Public Service, Education Reform
Luce and Dallas Fed President Rob Kaplan discussed his career in law and public service, his decision to become a lawyer and the key challenges facing the U.S. education system.
Pandemic Disproportionately Affects Women, Minority Labor Force Participation
Data showing changes in labor force participation rates for several demographics reveal that women with children, especially Black women, have been disproportionately affected by the pandemic.
Don’t Look to Oil Companies to Lower High Retail Gasoline Prices
While U.S. retail gasoline prices in many regions have remained stubbornly high since March, this situation reflects frictions in the retail gasoline market rather than the supply of oil or the price of oil.
Consumers’ and Economists’ Differing Inflation Views Can Complicate Policymaking
Economists and consumers likely think of different concepts when they consider inflation. Economists typically focus on the underlying trend that monetary policy can steer. U.S. consumers appear to think instead about unpredictable changes in prices most relevant to their regular decision-making.
Texas Economy Grows Rapidly Despite Labor, Supply-Chain Constraints
Regional economic activity accelerated sharply in September and October following a summer and early-fall peak of a COVID-19 wave tied to the Delta variant.
Corporate Indebtedness: Improving Financial Stability Monitoring
U.S. nonfinancial corporate credit has been identified as an area where growth in the quantity of debt and deterioration in the quality of underwriting could be a source of concern.
Pandemic Pushed the U.S. into Recession … and Hourly Wages Rose?
The onset of COVID-19 in spring 2020 prompted an unprecedented rapid rise in the unemployment rate. However, a popular and widely cited wage measure—average hourly earnings (AHE)—rose sharply as the health crisis grew.
Monetary Policy in Time of Pandemic
Some monetary policy strategies have greater potential than others to mitigate pandemic-related financial strains.