Regional Economy
Snapshot, March 2019
March 18, 2019
Economic reports on the Fifth District were upbeat in recent months.
Data & Analysis
Hornstein-Kudlyak-Lange Non-Employment Index
March 15, 2019
The NEI was 7.7 percent in February 2019, edging down from 7.8 percent in January 2019.
Month,HKL Nonemployment Index,HKL Nonemployment Index Including PTER,Civilian Unemployment Rate (U-3),Unemployed plus Marginally Attached (U-5),Unemployed plus Marginally Attached and PTER (U-6) 1994-01-01,10.02432476,11.09114527,6.6,8.1,11.8 1994-02-01,9.850390065,11.00695198,6.6,7.9,11.4 1994-03-01,9.744973613,10.95932546,6.5,7.7,11.4 1994-04-01,9.610944264,10.7958032,6.4,7.6,11.2 1994-05-01,9.399794489,10.62275015,6.1,7.2,10.8 1994-06-01,9.394291919,10.60695968,6.1,7.3,10.9 1994-07-01,9.33558045,10.49671669,6.1,7.3,10.7 1994-08-01,9.284344995,10.4031401,6,7.2,10.5 1994-09-01,9.195911049,10.30349095,5.9,7.1,10.4 1994-10-01,9.120752437,10.2606044,5.8,6.9,10.3 1994-11-01,9.020843713,10.17143265,5.6,6.7,10.1 1994-12-01,8.940417614,10.0575967,5.5,6.7,10 1995-01-01,8.96129841,10.15530946,5.6,6.8,10.2 1995-02-01,8.890781541,9.972418433,5.4,6.6,9.9 1995-03-01,8.92679927,10.03009881,5.4,6.6,9.9 1995-04-01,9.016701939,10.10801712,5.8,6.7,10 1995-05-01,9.055898019,10.19209525,5.6,6.6,10 1995-06-01,8.995001517,10.1164907,5.6,6.7,10.1 1995-07-01,8.981460216,10.1170639,5.7,6.7,10.1 1995-08-01,9.021107609,10.16619762,5.7,6.7,10 1995-09-01,9.012183165,10.16129505,5.6,6.7,10.1 1995-10-01,9.004802686,10.12635735,5.5,6.6,9.9 1995-11-01,8.992020976,10.12803356,5.6,6.6,10 1995-12-01,9.013490182,10.12236833,5.6,6.7,10 1996-01-01,8.984760437,10.02791712,5.6,6.8,9.8 1996-02-01,8.962169013,10.04644325,5.5,6.7,10 1996-03-01,8.897374474,9.993016047,5.5,6.6,9.8 1996-04-01,8.888667138,9.971512282,5.6,6.6,9.9 1996-05-01,8.901289743,9.983089466,5.6,6.5,9.7 1996-06-01,8.755787779,9.827149481,5.3,6.4,9.6 1996-07-01,8.762108891,9.868843561,5.5,6.5,9.7 1996-08-01,8.675259306,9.77436353,5.1,6.1,9.3 1996-09-01,8.612705028,9.696288044,5.2,6.2,9.4 1996-10-01,8.660754752,9.74391321,5.2,6.2,9.4 1996-11-01,8.74146737,9.749244848,5.4,6.4,9.3 1996-12-01,8.66757337,9.747525203,5.4,6.3,9.5 1997-01-01,8.664550996,9.729175187,5.3,6.4,9.4 1997-02-01,8.664632356,9.699749034,5.2,6.3,9.4 1997-03-01,8.575116902,9.586414325,5.2,6.1,9.1 1997-04-01,8.473122087,9.516764569,5.1,6,9.2 1997-05-01,8.463064764,9.461550195,4.9,5.8,8.8 1997-06-01,8.422774336,9.404894995,5,5.9,8.8 1997-07-01,8.290845199,9.304665153,4.9,5.7,8.6 1997-08-01,8.253624359,9.251374039,4.8,5.7,8.6 1997-09-01,8.330966565,9.309307149,4.9,5.8,8.7 1997-10-01,8.228932629,9.206861096,4.7,5.6,8.4 1997-11-01,8.19819789,9.171138935,4.6,5.5,8.3 1997-12-01,8.224072598,9.166933267,4.7,5.7,8.4 1998-01-01,8.143824661,9.123698853,4.6,5.6,8.4 1998-02-01,8.095499433,9.037153332,4.6,5.6,8.4 1998-03-01,8.145033114,9.083792621,4.7,5.6,8.4 1998-04-01,7.977791882,8.859614735,4.3,5.2,7.9 1998-05-01,7.990406211,8.908131587,4.4,5.2,7.9 1998-06-01,8.057905686,8.979149323,4.5,5.3,8 1998-07-01,8.116174699,9.064579055,4.5,5.4,8.1 1998-08-01,8.089483528,8.957381279,4.5,5.3,7.9 1998-09-01,8.039205964,8.878391485,4.6,5.4,7.9 1998-10-01,8.054794822,8.894335357,4.5,5.3,7.8 1998-11-01,7.957809035,8.763815143,4.4,5.2,7.6 1998-12-01,7.933308491,8.758073579,4.4,5.1,7.6 1999-01-01,7.916387448,8.760610796,4.3,5.2,7.7 1999-02-01,7.956961111,8.783525867,4.4,5.3,7.7 1999-03-01,7.906199874,8.761972545,4.2,5,7.6 1999-04-01,8.087717632,8.879671335,4.3,5.2,7.6 1999-05-01,7.923961649,8.753889902,4.2,5,7.4 1999-06-01,7.945595149,8.764250034,4.3,5.1,7.5 1999-07-01,7.892279276,8.718569753,4.3,5.1,7.5 1999-08-01,7.863965329,8.665397678,4.2,5,7.3 1999-09-01,7.880501401,8.672369254,4.2,5,7.4 1999-10-01,7.777094255,8.539791501,4.1,4.9,7.2 1999-11-01,7.74784018,8.506990115,4.1,4.8,7.1 1999-12-01,7.699584819,8.480529916,4,4.8,7.1 2000-01-01,7.643177025,8.402863601,4,4.8,7.1 2000-02-01,7.75741754,8.503598094,4.1,5,7.2 2000-03-01,7.780777722,8.541306878,4,4.8,7.1 2000-04-01,7.654798608,8.378663477,3.8,4.7,6.9 2000-05-01,7.831030819,8.617862201,4,4.8,7.1 2000-06-01,7.673727104,8.423692936,4,4.7,7 2000-07-01,7.68731192,8.442436619,4,4.8,7 2000-08-01,7.718985355,8.492911622,4.1,4.8,7.1 2000-09-01,7.682440865,8.442225129,3.9,4.7,7 2000-10-01,7.668022601,8.419949038,3.9,4.6,6.8 2000-11-01,7.702738305,8.492409238,3.9,4.7,7.1 2000-12-01,7.686830331,8.436860868,3.9,4.7,6.9 2001-01-01,7.77808329,8.556279665,4.2,5,7.3 2001-02-01,7.809855422,8.571685149,4.2,5.1,7.4 2001-03-01,7.870183861,8.633817428,4.3,5,7.3 2001-04-01,8.020654012,8.769407452,4.4,5.1,7.4 2001-05-01,8.109683956,8.923745716,4.3,5.1,7.5 2001-06-01,8.189054797,9.069696223,4.5,5.3,7.9 2001-07-01,8.143816474,8.985581005,4.6,5.4,7.8 2001-08-01,8.458950497,9.272460382,4.9,5.8,8.1 2001-09-01,8.429814943,9.409201209,5,5.8,8.7 2001-10-01,8.693425964,9.718704941,5.3,6.2,9.3 2001-11-01,8.781966476,9.750511646,5.5,6.4,9.4 2001-12-01,8.891885639,9.899562303,5.7,6.6,9.6 2002-01-01,8.967747571,9.904729147,5.7,6.7,9.5 2002-02-01,8.87235422,9.847910119,5.7,6.6,9.5 2002-03-01,8.85670914,9.801677452,5.7,6.6,9.4 2002-04-01,8.92422155,9.875087259,5.9,6.8,9.7 2002-05-01,8.849369373,9.803710706,5.8,6.7,9.5 2002-06-01,8.838223651,9.775086072,5.8,6.7,9.5 2002-07-01,8.855070986,9.823089603,5.8,6.8,9.6 2002-08-01,8.791330163,9.817907496,5.7,6.7,9.6 2002-09-01,8.755239205,9.747203436,5.7,6.6,9.6 2002-10-01,8.730093264,9.722092396,5.7,6.6,9.6 2002-11-01,8.8714417,9.831102873,5.9,6.8,9.7 2002-12-01,8.802635546,9.780874073,6,6.9,9.8 2003-01-01,8.849316154,9.893239385,5.8,6.9,10 2003-02-01,8.874682546,9.954547516,5.9,6.9,10.2 2003-03-01,8.986829518,10.04566163,5.9,6.9,10 2003-04-01,8.941332999,10.01470635,6,6.9,10.2 2003-05-01,9.016472957,10.06317532,6.1,7,10.1 2003-06-01,9.055296985,10.10204088,6.3,7.2,10.3 2003-07-01,9.024098902,10.0882483,6.2,7.1,10.3 2003-08-01,8.999770504,10.03794328,6.1,7.1,10.1 2003-09-01,8.987373229,10.08944595,6.1,7.1,10.4 2003-10-01,8.975132798,10.04761605,6,7,10.2 2003-11-01,8.839920261,9.903028475,5.8,6.8,10 2003-12-01,8.826702002,9.894476529,5.7,6.6,9.8 2004-01-01,8.767845076,9.829656767,5.7,6.8,9.9 2004-02-01,8.720391693,9.73004505,5.6,6.6,9.7 2004-03-01,8.846304081,9.914801692,5.8,6.8,10 2004-04-01,8.718897393,9.729482489,5.6,6.5,9.6 2004-05-01,8.711854525,9.749521676,5.6,6.6,9.6 2004-06-01,8.68900301,9.68874084,5.6,6.6,9.5 2004-07-01,8.68035028,9.681869576,5.5,6.5,9.5 2004-08-01,8.65125974,9.680782597,5.4,6.4,9.4 2004-09-01,8.634737204,9.640047043,5.4,6.4,9.4 2004-10-01,8.671656919,9.735308142,5.5,6.5,9.7 2004-11-01,8.624586355,9.615423449,5.4,6.3,9.4 2004-12-01,8.61106048,9.60007956,5.4,6.3,9.2 2005-01-01,8.561585588,9.535732285,5.3,6.4,9.3 2005-02-01,8.621779886,9.565529529,5.4,6.4,9.3 2005-03-01,8.54575612,9.525386346,5.2,6.2,9.1 2005-04-01,8.50599735,9.433063996,5.2,6.1,8.9 2005-05-01,8.427038188,9.391603144,5.1,6,8.9 2005-06-01,8.458917331,9.443780146,5,6,9 2005-07-01,8.371603266,9.346011452,5,5.9,8.8 2005-08-01,8.285735022,9.299811167,4.9,5.9,8.9 2005-09-01,8.43323155,9.468453297,5,5.9,9 2005-10-01,8.393110179,9.333332779,5,5.9,8.7 2005-11-01,8.45674928,9.36391414,5,5.9,8.7 2005-12-01,8.409980256,9.312019635,4.9,5.8,8.6 2006-01-01,8.297036368,9.197012691,4.7,5.7,8.4 2006-02-01,8.29259784,9.211213219,4.8,5.7,8.4 2006-03-01,8.189829756,9.064851696,4.7,5.6,8.2 2006-04-01,8.325249188,9.152924599,4.7,5.5,8.1 2006-05-01,8.146234763,9.050796059,4.6,5.5,8.2 2006-06-01,8.138765309,9.080253817,4.6,5.6,8.4 2006-07-01,8.198665893,9.138293293,4.7,5.7,8.5 2006-08-01,8.166261954,9.104060746,4.7,5.7,8.4 2006-09-01,8.15191868,9.068893818,4.5,5.3,8 2006-10-01,8.115090331,9.065416488,4.4,5.3,8.2 2006-11-01,8.166104487,9.058902349,4.5,5.4,8.1 2006-12-01,8.06529466,8.971395431,4.4,5.2,7.9 2007-01-01,8.141019763,9.059193685,4.6,5.6,8.4 2007-02-01,8.112330179,9.020538482,4.5,5.4,8.2 2007-03-01,7.959802166,8.883361574,4.4,5.3,8 2007-04-01,8.239751179,9.143479282,4.5,5.4,8.2 2007-05-01,8.191202806,9.161113142,4.4,5.3,8.2 2007-06-01,8.159791569,9.091301029,4.6,5.5,8.3 2007-07-01,8.178758183,9.129752577,4.7,5.5,8.4 2007-08-01,8.205975979,9.217278077,4.6,5.5,8.4 2007-09-01,8.252082663,9.248092218,4.7,5.5,8.4 2007-10-01,8.248772721,9.18985849,4.7,5.6,8.4 2007-11-01,8.167404126,9.118304423,4.7,5.5,8.4 2007-12-01,8.337888538,9.319562615,5,5.8,8.8 2008-01-01,8.351549258,9.389889926,5,6,9.2 2008-02-01,8.341005731,9.384393694,4.9,5.9,9 2008-03-01,8.45970833,9.512593205,5.1,5.9,9.1 2008-04-01,8.489261247,9.574552739,5,5.8,9.2 2008-05-01,8.643873597,9.779054812,5.4,6.3,9.7 2008-06-01,8.697840941,9.883558679,5.6,6.5,10.1 2008-07-01,8.881401467,10.16665452,5.8,6.7,10.5 2008-08-01,9.027054171,10.29921585,6.1,7.1,10.8 2008-09-01,9.114648483,10.44078246,6.1,7.1,11 2008-10-01,9.253613252,10.68269562,6.5,7.5,11.8 2008-11-01,9.505306286,11.04458794,6.8,8,12.6 2008-12-01,9.778585848,11.47930757,7.3,8.4,13.6 2009-01-01,10.21101467,11.94012476,7.8,9.1,14.2 2009-02-01,10.42920704,12.28983888,8.3,9.5,15.2 2009-03-01,10.62294386,12.56197446,8.7,9.9,15.8 2009-04-01,10.72143304,12.57693105,9,10.2,15.9 2009-05-01,10.9209937,12.85181922,9.4,10.6,16.5 2009-06-01,10.96341956,12.8941422,9.5,10.8,16.5 2009-07-01,10.80145081,12.73315665,9.5,10.8,16.4 2009-08-01,10.81472035,12.73458941,9.6,10.9,16.7 2009-09-01,10.88609025,12.74595306,9.8,11,16.7 2009-10-01,10.99905613,12.8987536,10,11.4,17.1 2009-11-01,10.85520682,12.759572,9.9,11.2,17.1 2009-12-01,10.91896461,12.82458601,9.9,11.3,17.1 2010-01-01,10.83073138,12.6387535,9.8,11.3,16.7 2010-02-01,10.8402172,12.71759082,9.8,11.3,17 2010-03-01,10.81509063,12.75301926,9.9,11.2,17.1 2010-04-01,10.66469649,12.58327565,9.9,11.3,17.1 2010-05-01,10.55303912,12.41175905,9.6,10.9,16.6 2010-06-01,10.47732997,12.30285203,9.4,10.9,16.4 2010-07-01,10.5408203,12.37972143,9.4,11,16.4 2010-08-01,10.61138264,12.45577467,9.5,10.9,16.5 2010-09-01,10.64027361,12.53581712,9.5,10.9,16.8 2010-10-01,10.59034196,12.45115667,9.4,11,16.6 2010-11-01,10.74044665,12.57952943,9.8,11.2,16.9 2010-12-01,10.54385927,12.4056753,9.3,10.9,16.6 2011-01-01,10.45999654,12.23894679,9.1,10.8,16.2 2011-02-01,10.4055128,12.17783868,9,10.6,16 2011-03-01,10.32017997,12.13136233,9,10.4,15.9 2011-04-01,10.43923188,12.25080583,9.1,10.5,16.1 2011-05-01,10.37837643,12.17782292,9,10.3,15.8 2011-06-01,10.48450838,12.26385813,9.1,10.7,16.1 2011-07-01,10.46946782,12.23467667,9,10.6,15.9 2011-08-01,10.40554978,12.21635447,9,10.5,16.1 2011-09-01,10.36825553,12.21052151,9,10.5,16.4 2011-10-01,10.31348602,12.12546872,8.8,10.3,15.8 2011-11-01,10.24482996,11.99056317,8.6,10.1,15.5 2011-12-01,10.15882604,11.85532805,8.5,10,15.2 2012-01-01,10.04731774,11.74872478,8.3,9.9,15.2 2012-02-01,10.02543931,11.73316463,8.3,9.8,15 2012-03-01,10.02961703,11.64410028,8.2,9.6,14.5 2012-04-01,10.03099352,11.66785494,8.2,9.6,14.6 2012-05-01,9.992704349,11.67356628,8.2,9.6,14.7 2012-06-01,10.028186,11.70473495,8.2,9.6,14.8 2012-07-01,10.03876054,11.71698521,8.2,9.6,14.8 2012-08-01,10.0993631,11.71602224,8.1,9.6,14.6 2012-09-01,9.861288575,11.57594375,7.8,9.3,14.8 2012-10-01,9.823909316,11.53275142,7.8,9.2,14.4 2012-11-01,9.891145194,11.55647329,7.7,9.2,14.4 2012-12-01,9.944354773,11.57289757,7.9,9.4,14.4 2013-01-01,10.05688119,11.68057601,8,9.4,14.6 2013-02-01,9.873580197,11.54766494,7.7,9.2,14.4 2013-03-01,9.811374012,11.38819938,7.5,8.9,13.8 2013-04-01,9.820702457,11.44815898,7.6,8.9,14 2013-05-01,9.822056688,11.43295193,7.5,8.8,13.8 2013-06-01,9.796077718,11.45378231,7.5,9.1,14.2 2013-07-01,9.639562492,11.28507692,7.3,8.7,13.8 2013-08-01,9.546639784,11.11199695,7.2,8.6,13.6 2013-09-01,9.525859179,11.10776148,7.2,8.6,13.5 2013-10-01,9.588053992,11.25804715,7.2,8.5,13.6 2013-11-01,9.392177484,10.9594818,6.9,8.2,13.1 2013-12-01,9.323688545,10.91426347,6.7,8.1,13.1 2014-01-01,9.287254204,10.72897553,6.6,8.1,12.7 2014-02-01,9.305975153,10.78998396,6.7,8,12.6 2014-03-01,9.294155932,10.79432595,6.7,7.9,12.6 2014-04-01,9.123439445,10.64192167,6.2,7.5,12.3 2014-05-01,9.192773424,10.64144313,6.3,7.6,12.2 2014-06-01,9.091189597,10.5981139,6.1,7.3,12 2014-07-01,9.130833922,10.6186456,6.2,7.5,12.1 2014-08-01,9.163182476,10.59588358,6.1,7.4,12 2014-09-01,9.064568401,10.47679955,5.9,7.3,11.7 2014-10-01,8.915860096,10.39261977,5.7,7.1,11.5 2014-11-01,8.997007225,10.38402019,5.8,7.1,11.4 2014-12-01,8.870274406,10.24699155,5.6,6.9,11.2 2015-01-01,8.908180122,10.23662315,5.7,7,11.3 2015-02-01,8.856170119,10.19451698,5.5,6.8,11 2015-03-01,8.801735776,10.12332926,5.4,6.7,10.8 2015-04-01,8.799126265,10.11715564,5.4,6.7,10.8 2015-05-01,8.757939126,10.05975704,5.6,6.7,10.9 2015-06-01,8.730548099,10.00719846,5.3,6.4,10.4 2015-07-01,8.728729969,9.970435382,5.2,6.4,10.3 2015-08-01,8.554681336,9.833490435,5.1,6.2,10.2 2015-09-01,8.606651839,9.807059039,5,6.2,10 2015-10-01,8.586728428,9.800271077,5,6.2,9.8 2015-11-01,8.571669379,9.798506782,5.1,6.1,10 2015-12-01,8.502437506,9.71001982,5,6.1,9.9 2016-01-01,8.434051749,9.588143661,4.9,6.1,9.8 2016-02-01,8.434714982,9.616373713,4.9,6,9.7 2016-03-01,8.432824956,9.628741362,5,6,9.8 2016-04-01,8.484910767,9.668917765,5,6,9.7 2016-05-01,8.390523895,9.646297183,4.8,5.8,9.9 2016-06-01,8.383331442,9.513286596,4.9,6,9.5 2016-07-01,8.390432279,9.552316274,4.8,6,9.7 2016-08-01,8.370654784,9.564501805,4.9,5.9,9.6 2016-09-01,8.485678162,9.652205833,5,6,9.7 2016-10-01,8.462967683,9.690855878,4.9,5.9,9.6 2016-11-01,8.326840905,9.456151525,4.7,5.8,9.4 2016-12-01,8.321372891,9.426504437,4.7,5.7,9.2 2017-01-01,8.299575616,9.412533306,4.7,5.8,9.3 2017-02-01,8.224691722,9.319837237,4.7,5.7,9.1 2017-03-01,8.155318821,9.227185517,4.4,5.4,8.7 2017-04-01,8.108124197,9.141262486,4.4,5.3,8.6 2017-05-01,8.104387398,9.106742626,4.4,5.2,8.5 2017-06-01,8.030542569,9.053105434,4.3,5.3,8.5 2017-07-01,7.978824226,9.008214652,4.3,5.3,8.5 2017-08-01,8.096786475,9.13690693,4.4,5.3,8.6 2017-09-01,7.909291343,8.923918718,4.2,5.1,8.3 2017-10-01,7.871075012,8.868516251,4.1,5,8 2017-11-01,7.90660148,8.857502108,4.2,5,8 2017-12-01,7.904673286,8.88287352,4.1,5.1,8.1 2018-01-01,7.871775804,8.835082462,4.1,5.1,8.2 2018-02-01,7.831557004,8.820427496,4.1,5.1,8.2 2018-03-01,7.836848973,8.804957042,4,4.9,7.9 2018-04-01,7.811024121,8.770715819,3.9,4.7,7.8 2018-05-01,7.754582843,8.683785168,3.8,4.6,7.7 2018-06-01,7.79316058,8.699839193,4,4.9,7.8 2018-07-01,7.68060152,8.566167796,3.9,4.7,7.5 2018-08-01,7.778218218,8.636175451,3.8,4.7,7.4 2018-09-01,7.657429335,8.559434848,3.7,4.6,7.5 2018-10-01,7.647187721,8.573067665,3.8,4.6,7.5 2018-11-01,7.630283823,8.555691778,3.7,4.7,7.6 2018-12-01,7.680287939,8.58766293,3.9,4.8,7.6 2019-01-01,7.799268537,8.786305466,4,4.9,8.1 2019-02-01,7.682502374,8.516340422,3.8,4.7,7.3
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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.
