How Tariffs Could Affect South Carolina’s Globalized Economy
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Our new SOS Recession Indicator uses weekly data on unemployment insurance claims. That gives us one of the highest frequency measures of labor market conditions. It can also give us earlier recession signals compared to other indicators, like the monthly unemployment rates.
Senior Policy Economist, Federal Reserve Bank of Richmond
Speaking of the Economy Podcast: A New Way of Detecting Recessions
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: