Regional Economy
Snapshot, July 2019
July 8, 2019
Recent economic reports on the Fifth District were somewhat positive. Payroll employment declined marginally; however, business conditions remained favorable and housing market indicators were upbeat.
Data & Analysis
Hornstein-Kudlyak-Lange Non-Employment Index
July 12, 2019
The Non-Employment Index was 7.6 percent in June 2019, essentially unchanged from the previous month.
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 1994-04-01,9.610944265,10.7958032,6.4,7.6,11.2 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 1994-09-01,9.195911048,10.30349095,5.9,7.1,10.4 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 1994-12-01,8.940417614,10.05759671,5.5,6.7,10 1995-01-01,8.96129841,10.15530946,5.6,6.8,10.2 1995-02-01,8.890781541,9.972418432,5.4,6.6,9.9 1995-03-01,8.92679927,10.03009881,5.4,6.6,9.9 1995-04-01,9.01670194,10.10801712,5.8,6.7,10 1995-05-01,9.05589802,10.19209525,5.6,6.6,10 1995-06-01,8.995001518,10.1164907,5.6,6.7,10.1 1995-07-01,8.981460217,10.1170639,5.7,6.7,10.1 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 1995-11-01,8.992020975,10.12803356,5.6,6.6,10 1995-12-01,9.013490181,10.12236833,5.6,6.7,10 1996-01-01,8.984760436,10.02791712,5.6,6.8,9.8 1996-02-01,8.962169013,10.04644325,5.5,6.7,10 1996-03-01,8.897374474,9.993016048,5.5,6.6,9.8 1996-04-01,8.888667142,9.971512279,5.6,6.6,9.9 1996-05-01,8.901289745,9.983089466,5.6,6.5,9.7 1996-06-01,8.75578778,9.82714948,5.3,6.4,9.6 1996-07-01,8.762108891,9.86884356,5.5,6.5,9.7 1996-08-01,8.675259306,9.774363529,5.1,6.1,9.3 1996-09-01,8.612705027,9.696288044,5.2,6.2,9.4 1996-10-01,8.660754751,9.743913211,5.2,6.2,9.4 1996-11-01,8.741467368,9.749244849,5.4,6.4,9.3 1996-12-01,8.667573367,9.747525204,5.4,6.3,9.5 1997-01-01,8.664550993,9.729175194,5.3,6.4,9.4 1997-02-01,8.664632354,9.699749034,5.2,6.3,9.4 1997-03-01,8.575116901,9.586414325,5.2,6.1,9.1 1997-04-01,8.473122101,9.516764561,5.1,6,9.2 1997-05-01,8.463064767,9.461550193,4.9,5.8,8.8 1997-06-01,8.422774334,9.404894992,5,5.9,8.8 1997-07-01,8.290845196,9.304665151,4.9,5.7,8.6 1997-08-01,8.253624357,9.251374039,4.8,5.7,8.6 1997-09-01,8.330966563,9.309307151,4.9,5.8,8.7 1997-10-01,8.22893263,9.2068611,4.7,5.6,8.4 1997-11-01,8.198197889,9.171138939,4.6,5.5,8.3 1997-12-01,8.224072594,9.166933268,4.7,5.7,8.4 1998-01-01,8.143824657,9.123698864,4.6,5.6,8.4 1998-02-01,8.095499429,9.037153331,4.6,5.6,8.4 1998-03-01,8.145033112,9.083792621,4.7,5.6,8.4 1998-04-01,7.977791907,8.859614721,4.3,5.2,7.9 1998-05-01,7.990406216,8.908131579,4.4,5.2,7.9 1998-06-01,8.057905684,8.979149322,4.5,5.3,8 1998-07-01,8.116174686,9.064579049,4.5,5.4,8.1 1998-08-01,8.089483528,8.957381272,4.5,5.3,7.9 1998-09-01,8.039205954,8.878391482,4.6,5.4,7.9 1998-10-01,8.05479483,8.8943354,4.5,5.3,7.8 1998-11-01,7.957809044,8.763815148,4.4,5.2,7.6 1998-12-01,7.933308497,8.758073584,4.4,5.1,7.6 1999-01-01,7.916387418,8.760610812,4.3,5.2,7.7 1999-02-01,7.95696111,8.783525859,4.4,5.3,7.7 1999-03-01,7.906199872,8.761972532,4.2,5,7.6 1999-04-01,8.087717668,8.879671305,4.3,5.2,7.6 1999-05-01,7.923961656,8.75388988,4.2,5,7.4 1999-06-01,7.945595146,8.764250028,4.3,5.1,7.5 1999-07-01,7.892279252,8.718569739,4.3,5.1,7.5 1999-08-01,7.863965331,8.665397668,4.2,5,7.3 1999-09-01,7.880501377,8.67236926,4.2,5,7.4 1999-10-01,7.77709425,8.5397916,4.1,4.9,7.2 1999-11-01,7.747840242,8.506990146,4.1,4.8,7.1 1999-12-01,7.699584825,8.480529942,4,4.8,7.1 2000-01-01,7.64317697,8.40286362,4,4.8,7.1 2000-02-01,7.757417558,8.503598065,4.1,5,7.2 2000-03-01,7.780777741,8.541306828,4,4.8,7.1 2000-04-01,7.654798656,8.378663406,3.8,4.7,6.9 2000-05-01,7.831030821,8.617862135,4,4.8,7.1 2000-06-01,7.673727073,8.423692892,4,4.7,7 2000-07-01,7.687311828,8.442436574,4,4.8,7 2000-08-01,7.718985302,8.492911608,4.1,4.8,7.1 2000-09-01,7.682440822,8.442225195,3.9,4.7,7 2000-10-01,7.668022633,8.419949286,3.9,4.6,6.8 2000-11-01,7.702738493,8.492409398,3.9,4.7,7.1 2000-12-01,7.686830384,8.43686099,3.9,4.7,6.9 2001-01-01,7.778083219,8.556279712,4.2,5,7.3 2001-02-01,7.809855461,8.571685122,4.2,5.1,7.4 2001-03-01,7.870183876,8.633816901,4.3,5,7.3 2001-04-01,8.020654117,8.769407308,4.4,5.1,7.4 2001-05-01,8.109683959,8.923745583,4.3,5.1,7.5 2001-06-01,8.189054679,9.069696146,4.5,5.3,7.9 2001-07-01,8.143816184,8.985580967,4.6,5.4,7.8 2001-08-01,8.458950255,9.272460421,4.9,5.8,8.1 2001-09-01,8.429814866,9.409201401,5,5.8,8.7 2001-10-01,8.693426137,9.718705848,5.3,6.2,9.3 2001-11-01,8.781966982,9.750512072,5.5,6.4,9.4 2001-12-01,8.891885825,9.899562583,5.7,6.6,9.6 2002-01-01,8.967747473,9.904729069,5.7,6.7,9.5 2002-02-01,8.872354255,9.847909767,5.7,6.6,9.5 2002-03-01,8.856709221,9.801675951,5.7,6.6,9.4 2002-04-01,8.924221869,9.875086833,5.9,6.8,9.7 2002-05-01,8.849369394,9.803710591,5.8,6.7,9.5 2002-06-01,8.838223306,9.775086232,5.8,6.7,9.5 2002-07-01,8.855070407,9.823089861,5.8,6.8,9.6 2002-08-01,8.791329055,9.817907675,5.7,6.7,9.6 2002-09-01,8.755238846,9.747204208,5.7,6.6,9.6 2002-10-01,8.730093017,9.722093858,5.7,6.6,9.6 2002-11-01,8.871445187,9.831103229,5.9,6.8,9.7 2002-12-01,8.802635263,9.780874212,6,6.9,9.8 2003-01-01,8.849315727,9.893239376,5.8,6.9,10 2003-02-01,8.874682346,9.954547693,5.9,6.9,10.2 2003-03-01,8.98682928,10.04565562,5.9,6.9,10 2003-04-01,8.941334522,10.01470696,6,6.9,10.2 2003-05-01,9.016472358,10.06317625,6.1,7,10.1 2003-06-01,9.055295852,10.10204191,6.3,7.2,10.3 2003-07-01,9.024097565,10.08824933,6.2,7.1,10.3 2003-08-01,8.999768363,10.03794395,6.1,7.1,10.1 2003-09-01,8.987373078,10.08944732,6.1,7.1,10.4 2003-10-01,8.975133055,10.04761751,6,7,10.2 2003-11-01,8.839927563,9.903028004,5.8,6.8,10 2003-12-01,8.826701687,9.894476297,5.7,6.6,9.8 2004-01-01,8.767844126,9.829657012,5.7,6.8,9.9 2004-02-01,8.720390447,9.730045813,5.6,6.6,9.7 2004-03-01,8.84630187,9.914787667,5.8,6.8,10 2004-04-01,8.718900912,9.729488716,5.6,6.5,9.6 2004-05-01,8.71185221,9.74952313,5.6,6.6,9.6 2004-06-01,8.689000541,9.688742746,5.6,6.6,9.5 2004-07-01,8.680348786,9.681871157,5.5,6.5,9.5 2004-08-01,8.651257734,9.680783741,5.4,6.4,9.4 2004-09-01,8.634737823,9.640049702,5.4,6.4,9.4 2004-10-01,8.671657257,9.735311435,5.5,6.5,9.7 2004-11-01,8.624601706,9.615415716,5.4,6.3,9.4 2004-12-01,8.611058646,9.600082837,5.4,6.3,9.2 2005-01-01,8.561583063,9.53573454,5.3,6.4,9.3 2005-02-01,8.621777299,9.56553049,5.4,6.4,9.3 2005-03-01,8.545751884,9.525363705,5.2,6.2,9.1 2005-04-01,8.506001131,9.433074505,5.2,6.1,8.9 2005-05-01,8.427032055,9.391604137,5.1,6,8.9 2005-06-01,8.458912633,9.443782117,5,6,9 2005-07-01,8.371601855,9.346013868,5,5.9,8.8 2005-08-01,8.285734172,9.299814408,4.9,5.9,8.9 2005-09-01,8.433232152,9.468456557,5,5.9,9 2005-10-01,8.393121744,9.333335912,5,5.9,8.7 2005-11-01,8.456768671,9.36390344,5,5.9,8.7 2005-12-01,8.409978866,9.312029429,4.9,5.8,8.6 2006-01-01,8.297026393,9.197018404,4.7,5.7,8.4 2006-02-01,8.292596384,9.211214902,4.8,5.7,8.4 2006-03-01,8.189823977,9.064815687,4.7,5.6,8.2 2006-04-01,8.325251228,9.152937349,4.7,5.5,8.1 2006-05-01,8.146222129,9.050794625,4.6,5.5,8.2 2006-06-01,8.138752005,9.080254521,4.6,5.6,8.4 2006-07-01,8.198663029,9.138295797,4.7,5.7,8.5 2006-08-01,8.166280775,9.104065444,4.7,5.7,8.4 2006-09-01,8.151914272,9.068899663,4.5,5.3,8 2006-10-01,8.11511074,9.065423062,4.4,5.3,8.2 2006-11-01,8.166126999,9.058889541,4.5,5.4,8.1 2006-12-01,8.065294382,8.971414082,4.4,5.2,7.9 2007-01-01,8.14100341,9.059212648,4.6,5.6,8.4 2007-02-01,8.112329522,9.020555994,4.5,5.4,8.2 2007-03-01,7.959796488,8.883266386,4.4,5.3,8 2007-04-01,8.239754431,9.143510724,4.5,5.4,8.2 2007-05-01,8.191193183,9.161127896,4.4,5.3,8.2 2007-06-01,8.159731434,9.091265788,4.6,5.5,8.3 2007-07-01,8.178764017,9.129764449,4.7,5.5,8.4 2007-08-01,8.20602134,9.217290149,4.6,5.5,8.4 2007-09-01,8.252076481,9.248098324,4.7,5.5,8.4 2007-10-01,8.248806093,9.189863513,4.7,5.6,8.4 2007-11-01,8.167431573,9.118298653,4.7,5.5,8.4 2007-12-01,8.337892266,9.319596569,5,5.8,8.8 2008-01-01,8.351528427,9.389929513,5,6,9.2 2008-02-01,8.341010554,9.384437066,4.9,5.9,9 2008-03-01,8.459696042,9.512436263,5.1,5.9,9.1 2008-04-01,8.489264614,9.574599787,5,5.8,9.2 2008-05-01,8.643861564,9.779074016,5.4,6.3,9.7 2008-06-01,8.69771457,9.883465304,5.6,6.5,10.1 2008-07-01,8.881406032,10.1666643,5.8,6.7,10.5 2008-08-01,9.027133774,10.29922933,6.1,7.1,10.8 2008-09-01,9.114654149,10.44078972,6.1,7.1,11 2008-10-01,9.253671896,10.68270534,6.5,7.5,11.8 2008-11-01,9.505360841,11.04459516,6.8,8,12.6 2008-12-01,9.778601162,11.47938392,7.3,8.4,13.6 2009-01-01,10.21099334,11.94022226,7.8,9.1,14.2 2009-02-01,10.4292179,12.28995353,8.3,9.5,15.2 2009-03-01,10.62292152,12.561725,8.7,9.9,15.8 2009-04-01,10.72142179,12.57699333,9,10.2,15.9 2009-05-01,10.92095188,12.85181574,9.4,10.6,16.5 2009-06-01,10.96315278,12.89391025,9.5,10.8,16.5 2009-07-01,10.80142427,12.73313273,9.5,10.8,16.4 2009-08-01,10.81481267,12.73458998,9.6,10.9,16.7 2009-09-01,10.88613391,12.74596759,9.8,11,16.7 2009-10-01,10.99931089,12.89877461,10,11.4,17.1 2009-11-01,10.85530821,12.75959023,9.9,11.2,17.1 2009-12-01,10.9189965,12.82470391,9.9,11.3,17.1 2010-01-01,10.83070092,12.63903759,9.8,11.3,16.7 2010-02-01,10.84021209,12.71776989,9.8,11.3,17 2010-03-01,10.81504014,12.75269557,9.9,11.2,17.1 2010-04-01,10.66463005,12.58342257,9.9,11.3,17.1 2010-05-01,10.55292043,12.41187949,9.6,10.9,16.6 2010-06-01,10.47695706,12.30200044,9.4,10.9,16.4 2010-07-01,10.54073472,12.37980674,9.4,11,16.4 2010-08-01,10.61143989,12.45583911,9.5,10.9,16.5 2010-09-01,10.64031119,12.535868,9.5,10.9,16.8 2010-10-01,10.59117421,12.45110776,9.4,11,16.6 2010-11-01,10.74052495,12.57958646,9.8,11.2,16.9 2010-12-01,10.54385936,12.40581188,9.3,10.9,16.6 2011-01-01,10.45993701,12.23950978,9.1,10.8,16.2 2011-02-01,10.40545212,12.17805866,9,10.6,16 2011-03-01,10.3200701,12.1310052,9,10.4,15.9 2011-04-01,10.4390656,12.25103652,9.1,10.5,16.1 2011-05-01,10.37810702,12.1780527,9,10.3,15.8 2011-06-01,10.48398968,12.26235777,9.1,10.7,16.1 2011-07-01,10.46930508,12.23483788,9,10.6,15.9 2011-08-01,10.40555281,12.21645184,9,10.5,16.1 2011-09-01,10.36815942,12.21057463,9,10.5,16.4 2011-10-01,10.31561323,12.12532713,8.8,10.3,15.8 2011-11-01,10.24470653,11.99064786,8.6,10.1,15.5 2011-12-01,10.1586794,11.85549688,8.5,10,15.2 2012-01-01,10.04718167,11.74956414,8.3,9.9,15.2 2012-02-01,10.02527884,11.73344203,8.3,9.8,15 2012-03-01,10.02935826,11.64380454,8.2,9.6,14.5 2012-04-01,10.03069593,11.66815992,8.2,9.6,14.6 2012-05-01,9.992262022,11.67388744,8.2,9.6,14.7 2012-06-01,10.02750121,11.70273437,8.2,9.6,14.8 2012-07-01,10.03838034,11.71717574,8.2,9.6,14.8 2012-08-01,10.0998289,11.71608482,8.1,9.6,14.6 2012-09-01,9.861044247,11.57593655,7.8,9.3,14.8 2012-10-01,9.827114383,11.53247842,7.8,9.2,14.4 2012-11-01,9.890893633,11.55654432,7.7,9.2,14.4 2012-12-01,9.944079593,11.57309863,7.9,9.4,14.4 2013-01-01,10.05661575,11.68185604,8,9.4,14.6 2013-02-01,9.873288754,11.54795352,7.7,9.2,14.4 2013-03-01,9.810945892,11.38804891,7.5,8.9,13.8 2013-04-01,9.82022629,11.4485423,7.6,8.9,14 2013-05-01,9.821291213,11.43330361,7.5,8.8,13.8 2013-06-01,9.795105414,11.45108317,7.5,9.1,14.2 2013-07-01,9.63881975,11.28539111,7.3,8.7,13.8 2013-08-01,9.547402305,11.11238485,7.2,8.6,13.6 2013-09-01,9.526060488,11.1072079,7.2,8.6,13.5 2013-10-01,9.592788776,11.25785518,7.2,8.5,13.6 2013-11-01,9.391842901,10.95979766,6.9,8.2,13.1 2013-12-01,9.323292815,10.9145137,6.7,8.1,13.1 2014-01-01,9.286807811,10.73038015,6.6,8.1,12.7 2014-02-01,9.305453092,10.79027777,6.7,8,12.6 2014-03-01,9.293421735,10.79429412,6.7,7.9,12.6 2014-04-01,9.122639541,10.64224506,6.2,7.5,12.3 2014-05-01,9.191427451,10.64152078,6.3,7.6,12.2 2014-06-01,9.089568496,10.59461302,6.1,7.3,12 2014-07-01,9.129536953,10.61893993,6.2,7.5,12.1 2014-08-01,9.164418963,10.59672176,6.1,7.4,12 2014-09-01,9.066130862,10.47642719,5.9,7.3,11.7 2014-10-01,8.921979686,10.39317709,5.7,7.1,11.5 2014-11-01,8.997396499,10.38488279,5.8,7.1,11.4 2014-12-01,8.869929588,10.24715271,5.6,6.9,11.2 2015-01-01,8.90722567,10.23775115,5.7,7,11.3 2015-02-01,8.855034332,10.19455844,5.5,6.8,11 2015-03-01,8.800424008,10.12321185,5.4,6.7,10.8 2015-04-01,8.79765915,10.11715606,5.4,6.7,10.8 2015-05-01,8.755537278,10.05912583,5.6,6.7,10.9 2015-06-01,8.727790438,10.0031103,5.3,6.4,10.4 2015-07-01,8.726900118,9.96998183,5.2,6.4,10.3 2015-08-01,8.555822949,9.835252081,5.1,6.2,10.2 2015-09-01,8.610976842,9.807914341,5,6.2,10 2015-10-01,8.595473425,9.802945361,5,6.2,9.8 2015-11-01,8.573378687,9.800158951,5.1,6.1,10 2015-12-01,8.502122758,9.708641585,5,6.1,9.9 2016-01-01,8.432630991,9.587657266,4.9,6.1,9.8 2016-02-01,8.431633123,9.618454049,4.9,6,9.7 2016-03-01,8.428698875,9.625340589,5,6,9.8 2016-04-01,8.48442594,9.666755063,5,6,9.7 2016-05-01,8.388920637,9.649360073,4.8,5.8,9.9 2016-06-01,8.377748614,9.508484218,4.9,6,9.5 2016-07-01,8.388263844,9.550764227,4.8,6,9.7 2016-08-01,8.372084625,9.567040935,4.9,5.9,9.6 2016-09-01,8.493019981,9.654912756,5,6,9.7 2016-10-01,8.473835002,9.695800165,4.9,5.9,9.6 2016-11-01,8.330374055,9.458385093,4.7,5.8,9.4 2016-12-01,8.321284117,9.423288234,4.7,5.7,9.2 2017-01-01,8.297640034,9.410293217,4.7,5.8,9.3 2017-02-01,8.219385659,9.324269652,4.7,5.7,9.1 2017-03-01,8.148066031,9.219741741,4.4,5.4,8.7 2017-04-01,8.108697701,9.136654362,4.4,5.3,8.6 2017-05-01,8.104354015,9.114548835,4.4,5.2,8.5 2017-06-01,8.022231537,9.047652579,4.3,5.3,8.5 2017-07-01,7.976603935,9.005708646,4.3,5.3,8.5 2017-08-01,8.098034896,9.140298297,4.4,5.3,8.6 2017-09-01,7.918905258,8.927920767,4.2,5.1,8.3 2017-10-01,7.883117058,8.875020788,4.1,5,8 2017-11-01,7.911297962,8.859973983,4.2,5,8 2017-12-01,7.904664864,8.877652727,4.1,5.1,8.1 2018-01-01,7.869625418,8.831042677,4.1,5.1,8.2 2018-02-01,7.824222281,8.827412969,4.1,5.1,8.2 2018-03-01,7.826529725,8.792598665,4,4.9,7.9 2018-04-01,7.814668486,8.764302761,3.9,4.7,7.8 2018-05-01,7.75650832,8.698925349,3.8,4.6,7.7 2018-06-01,7.781432749,8.693028026,4,4.9,7.8 2018-07-01,7.678534717,8.563349776,3.9,4.7,7.5 2018-08-01,7.779387034,8.639747155,3.8,4.7,7.4 2018-09-01,7.667952097,8.563791773,3.7,4.6,7.5 2018-10-01,7.659633254,8.580014915,3.8,4.6,7.5 2018-11-01,7.635513192,8.558307471,3.7,4.7,7.6 2018-12-01,7.680276367,8.581914028,3.9,4.8,7.6 2019-01-01,7.796671893,8.781448589,4,4.9,8.1 2019-02-01,7.674151247,8.523869161,3.8,4.7,7.3 2019-03-01,7.664498609,8.535827565,3.8,4.6,7.3 2019-04-01,7.596672482,8.489983329,3.6,4.4,7.3 2019-05-01,7.572891523,8.399324712,3.6,4.4,7.1 2019-06-01,7.578255971,8.403795884,3.7,4.6,7.2
Careers at the Fed
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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.
