Payroll Revisions: An Upcoming September Surprise?

Join us Oct. 29 for a Webinar on Rural Prosperity

"The phenomena of disconnected youth — or NEET, not in employment, education or training — is relatively large in the United States, especially for a developed economy like ours. In 2024, for example, about 12 percent of people age 16 to 24 were in this category."

Claudia Macaluso

Senior Research Economist

Speaking of the Economy Podcast, The Disconnected Youth Problem, September 3, 2025

Listen to the episode >

Events Calendar

Oct. 3, 2025

Exploring Economics: From Classroom to Career

Richmond Office
Richmond, VA

Oct. 7, 2025

2025 Cyber Risk in the Financial Sector Conference

Boston, MA

Oct. 7, 2025

The Tools Have Changed: How the Federal Reserve Conducts Monetary Policy Today

5 p.m. – 6 p.m. ET

Virtual

View More Events

Who We Are and What We Do

As a regional Reserve Bank, the Richmond Fed works to strengthen the economy and the Fifth District communities we serve by helping to carry out the day-to-day operations of the Fed. Here's how we do it:

Help Keep Banks Safe and Sound

We help make sure banks in our district follow applicable laws and regulations.

Keep Cash and Payments Flowing

We help keep the country’s electronic payment system running and make sure banks have enough cash and coin to do business.

Represent the Regional Economy

We represent our region in national monetary policy discussions that aim to keep prices and employment stable.

Engage in Our Local Communities

We listen and learn from regional voices, and we provide economic education and community development resources in support of a stronger economy for all.

Contribute Specialized Knowledge

We share our unique expertise with the Federal Reserve System, like the work we do to understand and uplift the economies of rural areas and small towns.

By the Numbers

46%

of respondents to our August business surveys reported that all or some of their imported products are currently subject to tariffs, while 45 percent of firms noted that they either do not import products from outside the country or that their imports are not subject to tariffs.

Read more results from our August surveys >