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

What Survey Measures of Inflation Expectations Tell Us

Economic Brief

January 2023, No. 23-03

Erin Henry, Conner Mulloy and Pierre-Daniel G. Sarte

Regional Economy

Regional Economic Snapshot

Jan. 25, 2023

Payrolls increased in the District of Columbia, North Carolina and Virginia but fell in Maryland, South Carolina and West Virginia.

Data & Analysis

Fifth District Surveys of Manufacturing and Service Sector Activity

January 24, 2023

Manufacturing activity declined in January, while service sector activity improved slightly but remained soft.

Month,Manufacturing Composite,Service Sector Revenues
2013-01-01,-4,8.666666985
2013-02-01,-3.666666746,9.333333015
2013-03-01,-3.333333254,8.666666985
2013-04-01,-1,2
2013-05-01,-2.666666746,2
2013-06-01,-1.333333373,4.666666508
2013-07-01,.6666666865,6.333333492
2013-08-01,4.333333492,6
2013-09-01,2.666666746,4.333333492
2013-10-01,3.666666746,3.333333254
2013-11-01,4.333333492,1.333333373
2013-12-01,8.333333015,3.333333254
2014-01-01,9.666666985,4
2014-02-01,5.333333492,5
2014-03-01,0,4.333333492
2014-04-01,0,7
2014-05-01,3.333333254,9
2014-06-01,6.333333492,9.666666985
2014-07-01,6,11
2014-08-01,7.333333492,13
2014-09-01,11,16.33333397
2014-10-01,16.33333397,19
2014-11-01,14,22
2014-12-01,10.33333302,19.66666603
2015-01-01,4.333333492,17
2015-02-01,2.333333254,15.33333302
2015-03-01,-.6666666865,16
2015-04-01,-4,14.33333302
2015-05-01,-2.333333254,10.66666698
2015-06-01,2,12.33333302
2015-07-01,7,17.33333397
2015-08-01,7,24.66666603
2015-09-01,3.333333254,21
2015-10-01,2,17
2015-11-01,1.333333373,8.666666985
2015-12-01,3.333333254,10
2016-01-01,3,10
2016-02-01,-.3333333433,7.666666508
2016-03-01,3.333333254,7.333333492
2016-04-01,5,6
2016-05-01,8.666666985,9
2016-06-01,1,5.666666508
2016-07-01,.3333333433,3
2016-08-01,-2,.3333333433
2016-09-01,-2,3.333333254
2016-10-01,-3.333333254,5.333333492
2016-11-01,-.6666666865,9
2016-12-01,4.333333492,8.333333015
2017-01-01,8.333333015,13.33333302
2017-02-01,12.33333302,15
2017-03-01,15.66666698,15
2017-04-01,17.33333397,14.33333302
2017-05-01,13.66666698,18.66666603
2017-06-01,11.66666698,22.33333397
2017-07-01,9.333333015,20.33333397
2017-08-01,12.66666698,18
2017-09-01,14.66666698,18.33333397
2017-10-01,15.66666698,22
2017-11-01,20,26.33333397
2017-12-01,21,27.33333397
2018-01-01,21.66666603,26.66666603
2018-02-01,20,22.66666603
2018-03-01,17,21
2018-04-01,12.33333302,15
2018-05-01,11,13.33333302
2018-06-01,14,13.33333302
2018-07-01,20.33333397,20.66666603
2018-08-01,22,24.33333397
2018-09-01,24.33333397,24.33333397
2018-10-01,22.33333397,15.33333302
2018-11-01,18,9
2018-12-01,8,6.666666508
2019-01-01,2.666666746,11
2019-02-01,3.666666746,12.66666698
2019-03-01,7,9.333333015
2019-04-01,9.666666985,12
2019-05-01,8,7.666666508
2019-06-01,6.333333492,13
2019-07-01,.6666666865,11
2019-08-01,-2.666666746,11
2019-09-01,-6,9
2019-10-01,-1.666666627,10.33333302
2019-11-01,-.6666666865,14
2019-12-01,1,18
2020-01-01,4.333333492,18
2020-02-01,2.666666746,17.33333397
2020-03-01,4.333333492,9.666666985
2020-04-01,-18.66666603,-25.33333397
2020-05-01,-26.33333397,-47.66666794
2020-06-01,-25,-56
2020-07-01,-4,-32
2020-08-01,11,-13.33333302
2020-09-01,16.33333397,-2.333333254
2020-10-01,21.33333397,6.666666508
2020-11-01,20.66666603,12.33333302
2020-12-01,18.33333397,8
2021-01-01,15,4.333333492
2021-02-01,15,-3
2021-03-01,15.33333302,3.333333254
2021-04-01,16.66666603,9.333333015
2021-05-01,18.33333397,21
2021-06-01,21.66666603,24.66666603
2021-07-01,24,24.33333397
2021-08-01,21.66666603,20.66666603
2021-09-01,12.33333302,12.33333302
2021-10-01,8.333333015,10
2021-11-01,8.333333015,7.666666508
2021-12-01,13.33333302,12
2022-01-01,11.33333302,11
2022-02-01,7.666666508,10.33333302
2022-03-01,6.666666508,8.333333015
2022-04-01,7,7.333333492
2022-05-01,3,5
2022-06-01,-3.666666746,2.333333254
2022-07-01,-6,-3.666666746
2022-08-01,-5.666666508,-8.333333015
2022-09-01,-2.666666746,-8.333333015
2022-10-01,-6,-6.666666508
2022-11-01,-6.333333492,-3.333333254
2022-12-01,-6,-7.333333492
2023-01-01,-6.333333492,-6.666666508

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.

District Dialogues Explores the Housing Market

Rural Conference Registration Opens

Manufacturing Activity Declined in January

Region & Communities