Federal Reserve Bank of Richmond

Region & Communities

Our work to support the nation’s economy includes a focus on the economic well-being of our District, which covers North and South Carolina, Maryland, Virginia, Washington, D.C., and most of West Virginia. Learn more about our research and engagement in our communities:

Small Town &
Rural Initiative

Understanding the economic challenges facing our smaller towns and sharing what works to address them.

Regional Data &
Analysis

Regional surveys, economic indicators and in-depth analysis of the communities in our District.

Community Development & Engagement

Working to identify economic opportunities in low- and moderate-income and underserved communities.

Latest Economic Research

Publications

The Persistent Decline of LFP Rates for Older Individuals Around the Pandemic

Economic Brief

November 2024, No. 24-34

Andreas Hornstein

Regional Economy

Careers Evolve but Majors Matter: Career Pathways and College Majors in Virginia

Regional Matters

November 14, 2024

Joseph Mengedoth

Data & Analysis

Fifth District Unemployment Rates

November 20, 2024

State-level unemployment rates are among the labor and housing indicators in the Fifth District tracked by the Richmond Fed.

        Month,United States,Fifth District,District of Columbia,Maryland,North Carolina,South Carolina,Virginia,West Virginia
2014-10-01,5.7, 5.7,7.6,5.5,5.9,6.6,4.9,6.4
2014-11-01,5.8, 5.7,7.5,5.5,5.8,6.5,4.9,6.3
2014-12-01,5.6, 5.6,7.4,5.4,5.7,6.5,4.8,6.4
2015-01-01,5.7, 5.6,7.4,5.4,5.7,6.4,4.8,6.4
2015-02-01,5.5, 5.5,7.3,5.3,5.7,6.4,4.7,6.5
2015-03-01,5.4, 5.5,7.2,5.3,5.8,6.3,4.7,6.7
2015-04-01,5.4, 5.5,7.2,5.2,5.8,6.2,4.6,6.8
2015-05-01,5.6, 5.4,7,5.1,5.8,6.1,4.5,6.8
2015-06-01,5.3, 5.4,6.9,5,5.8,6,4.4,6.8
2015-07-01,5.2, 5.3,6.8,4.9,5.7,5.8,4.3,6.7
2015-08-01,5.1, 5.2,6.8,4.9,5.7,5.7,4.2,6.6
2015-09-01,5, 5.1,6.7,4.8,5.6,5.6,4.1,6.5
2015-10-01,5, 5.0,6.6,4.7,5.5,5.5,4.1,6.4
2015-11-01,5.1, 5.0,6.6,4.7,5.4,5.4,4,6.4
2015-12-01,5, 4.9,6.5,4.6,5.4,5.4,4,6.4
2016-01-01,4.8, 4.9,6.4,4.5,5.3,5.3,4,6.4
2016-02-01,4.9, 4.8,6.3,4.4,5.2,5.3,3.9,6.3
2016-03-01,5, 4.7,6.2,4.3,5.2,5.2,3.9,6.3
2016-04-01,5.1, 4.7,6.1,4.3,5.1,5.1,3.9,6.2
2016-05-01,4.8, 4.7,6.1,4.3,5.1,5.1,3.9,6.2
2016-06-01,4.9, 4.7,6.1,4.3,5,5,4,6.2
2016-07-01,4.8, 4.7,6.2,4.2,5,4.9,4,6.1
2016-08-01,4.9, 4.7,6.2,4.2,5.1,4.8,4.1,6.1
2016-09-01,5, 4.7,6.3,4.3,5.1,4.7,4.1,6
2016-10-01,4.9, 4.7,6.3,4.3,5.1,4.6,4.1,5.9
2016-11-01,4.7, 4.6,6.3,4.2,5,4.5,4.1,5.8
2016-12-01,4.7, 4.6,6.3,4.2,5,4.5,4,5.6
2017-01-01,4.7, 4.5,6.3,4.1,4.9,4.4,4,5.4
2017-02-01,4.6, 4.4,6.2,4,4.7,4.3,4,5.2
2017-03-01,4.4, 4.3,6.2,4,4.6,4.2,3.9,5.1
2017-04-01,4.4, 4.2,6.2,3.9,4.5,4.2,3.8,5
2017-05-01,4.4, 4.2,6.2,3.9,4.5,4.1,3.7,5
2017-06-01,4.3, 4.2,6.1,3.9,4.5,4.1,3.7,5.1
2017-07-01,4.3, 4.2,6.1,4,4.5,4.2,3.6,5.1
2017-08-01,4.4, 4.2,6.1,4,4.5,4.2,3.5,5.2
2017-09-01,4.3, 4.2,6,4,4.5,4.2,3.5,5.3
2017-10-01,4.2, 4.1,6,4.1,4.4,4.2,3.5,5.3
2017-11-01,4.2, 4.1,5.9,4.1,4.4,4.2,3.4,5.4
2017-12-01,4.1, 4.1,5.9,4,4.3,4.1,3.4,5.4
2018-01-01,4, 4.0,5.9,4.1,4.2,3.9,3.4,5.4
2018-02-01,4.1, 3.9,5.8,4,4.1,3.7,3.3,5.4
2018-03-01,4, 3.8,5.8,4,4,3.5,3.2,5.3
2018-04-01,4, 3.7,5.8,3.9,4,3.3,3.1,5.3
2018-05-01,3.8, 3.7,5.7,3.8,3.9,3.2,2.9,5.2
2018-06-01,4, 3.6,5.6,3.8,3.9,3.2,2.8,5.1
2018-07-01,3.8, 3.6,5.5,3.7,3.9,3.3,2.8,5.1
2018-08-01,3.8, 3.6,5.5,3.7,3.9,3.3,2.8,5
2018-09-01,3.7, 3.6,5.5,3.7,4,3.3,2.8,5
2018-10-01,3.8, 3.6,5.6,3.7,4,3.3,2.9,5
2018-11-01,3.8, 3.7,5.7,3.7,4,3.3,3,5.1
2018-12-01,3.9, 3.7,5.8,3.7,4,3.2,3.1,5.1
2019-01-01,4, 3.7,5.9,3.6,4,3.2,3.1,5
2019-02-01,3.8, 3.6,5.9,3.5,4,3.2,3.1,4.9
2019-03-01,3.8, 3.5,5.8,3.5,3.9,3.1,3,4.8
2019-04-01,3.7, 3.5,5.7,3.4,3.9,3.1,2.8,4.8
2019-05-01,3.6, 3.4,5.6,3.4,3.8,2.9,2.7,4.7
2019-06-01,3.6, 3.3,5.4,3.3,3.9,2.7,2.5,4.8
2019-07-01,3.7, 3.3,5.4,3.4,3.9,2.6,2.5,4.8
2019-08-01,3.6, 3.3,5.3,3.4,3.9,2.5,2.5,4.9
2019-09-01,3.5, 3.3,5.2,3.3,3.9,2.4,2.6,5
2019-10-01,3.6, 3.3,5.2,3.3,3.8,2.4,2.7,5.1
2019-11-01,3.6, 3.3,5.2,3.2,3.8,2.5,2.8,5.1
2019-12-01,3.6, 3.3,5.4,3.2,3.8,2.6,2.8,5.2
2020-01-01,3.6, 3.4,5.5,3.3,3.8,2.8,2.8,5.3
2020-02-01,3.5, 3.5,5.7,3.4,3.8,2.9,2.9,5.3
2020-03-01,4.4, 3.6,5.8,3.4,4,3.1,3.2,5.4
2020-04-01,14.8,12.1,11.2,9,14.2,11.8,12,15.8
2020-05-01,13.2,10.2,8.8,8.8,11.6,9.2,10,12.4
2020-06-01,11, 8.9,8.6,8.1,9.7,7.8,8.9,10.5
2020-07-01,10.2, 8.2,8.6,7.8,8.7,7,8.2,9.4
2020-08-01,8.4, 7.1,8.4,7.1,7.3,6.1,7.2,8.1
2020-09-01,7.8, 6.7,8.4,7,6.7,5.8,6.6,7.5
2020-10-01,6.8, 6.1,8.1,6.6,6,5.3,5.8,6.9
2020-11-01,6.7, 5.8,7.9,6.5,5.8,5,5.3,6.5
2020-12-01,6.7, 5.7,7.7,6.6,5.8,4.8,5,6.3
2021-01-01,6.4, 5.5,7.3,6.3,5.6,4.6,4.8,6.1
2021-02-01,6.2, 5.3,7.1,6.2,5.5,4.4,4.7,6
2021-03-01,6.1, 5.2,7,6.1,5.4,4.3,4.5,5.9
2021-04-01,6.1, 5.1,7.1,5.9,5.3,4.2,4.4,5.7
2021-05-01,5.8, 4.9,7.1,5.7,5.2,4.1,4.2,5.5
2021-06-01,5.9, 4.8,7.3,5.7,5.1,4.1,4,5.4
2021-07-01,5.4, 4.6,7.1,5.3,4.9,3.9,3.8,5.1
2021-08-01,5.1, 4.4,7,5.1,4.8,3.8,3.5,4.9
2021-09-01,4.7, 4.2,6.6,4.6,4.5,3.7,3.3,4.6
2021-10-01,4.5, 3.9,6.5,4.3,4.3,3.5,3.1,4.4
2021-11-01,4.1, 3.7,6.3,3.9,4.1,3.4,3,4.2
2021-12-01,3.9, 3.5,6.1,3.6,3.9,3.3,2.9,4
2022-01-01,4, 3.4,6,3.5,3.7,3.3,2.8,3.9
2022-02-01,3.8, 3.3,5.6,3.3,3.6,3.2,2.7,3.8
2022-03-01,3.6, 3.2,5.2,3.1,3.5,3.2,2.7,3.8
2022-04-01,3.7, 3.2,4.9,3,3.5,3.2,2.6,3.8
2022-05-01,3.6, 3.2,4.7,3,3.6,3.2,2.5,3.8
2022-06-01,3.6, 3.2,4.4,3,3.6,3.2,2.5,3.9
2022-07-01,3.5, 3.2,4.2,3,3.7,3.2,2.6,4
2022-08-01,3.6, 3.3,4,3,3.8,3.2,2.7,4
2022-09-01,3.5, 3.3,4.2,2.9,3.9,3.3,2.8,4
2022-10-01,3.6, 3.3,4.4,2.8,3.8,3.2,3,4
2022-11-01,3.6, 3.3,4.6,2.7,3.8,3.2,3.1,3.8
2022-12-01,3.5, 3.2,4.8,2.5,3.7,3.1,3.1,3.7
2023-01-01,3.4, 3.1,4.9,2.4,3.5,3.1,3.1,3.6
2023-02-01,3.6, 3.0,5,2.2,3.4,3,3,3.5
2023-03-01,3.5, 2.9,5,2,3.3,3,2.9,3.5
2023-04-01,3.4, 2.9,4.9,1.9,3.3,2.9,2.7,3.5
2023-05-01,3.7, 2.8,4.8,1.9,3.3,2.9,2.6,3.6
2023-06-01,3.6, 2.8,4.8,1.9,3.4,2.8,2.6,3.8
2023-07-01,3.5, 2.9,4.7,1.9,3.4,2.8,2.6,4
2023-08-01,3.8, 3.0,4.8,2.1,3.5,2.9,2.7,4.2
2023-09-01,3.8, 3.1,4.9,2.2,3.6,3,2.9,4.3
2023-10-01,3.8, 3.2,4.9,2.3,3.6,3,3,4.3
2023-11-01,3.7, 3.2,4.9,2.2,3.6,3,3.1,4.3
2023-12-01,3.7, 3.2,4.9,2.2,3.6,3,3,4.3
2024-01-01,3.7, 3.2,5,2.3,3.5,3,3,4.3
2024-02-01,3.9, 3.2,5.1,2.4,3.5,3.1,3,4.3
2024-03-01,3.8, 3.2,5.2,2.5,3.5,3.1,2.9,4.3
2024-04-01,3.9, 3.2,5.2,2.6,3.5,3.2,2.8,4.3
2024-05-01,4, 3.2,5.3,2.7,3.6,3.4,2.7,4.2
2024-06-01,4.1, 3.3,5.4,2.8,3.6,3.6,2.7,4.1
2024-07-01,4.3, 3.4,5.5,2.8,3.7,3.9,2.7,4.2
2024-08-01,4.2, 3.5,5.7,2.9,3.8,4.3,2.8,4.2
2024-09-01,4.1, 3.5,5.7,2.9,3.8,4.5,2.9,4.2
2024-10-01,4.1, 3.6,5.7,3,3.7,4.7,2.9,4.2

Careers at the Fed

Life at the Richmond Fed

While our work is serious, our workplace is more casual—from the way we dress to the activities we share. It’s a friendly, inclusive place to be.

You'll Love Our Benefits

Our approach is about enhancing work and life experiences. Think generous paid days off, a pension and retirement savings plan, wellness offerings, development opportunities and more.