Economic Impact of COVID-19

Results from a recent national Fed survey show that community development financial institutions (CDFIs) and the communities they serve are facing less severe disruptions than last year. Still, staffing and other challenges are preventing CDFIs from fully meeting growing demand for their products and services.

The labor force was pushed into a massive remote work experiment in 2020. What are employers in the Fifth District planning, and what challenges do they anticipate?

Regional businesses are returning to pre-COVID-19 operations as workers return to the office and business travel picks up.

The economic recovery enabled by the vaccine rollout has increased demand for Fifth District goods and services. But can supply keep up with demand?

Surveyed firms shared how the balance of remote versus in-office work has shifted in the past year and what changes they anticipate in the future.

K-12 remote learning exposes divisions in access to digital resources. A federal broadband service subsidy and new satellite technology may help bridge the gap.

Firms report how the coronavirus is influencing their employment levels, hiring plans, and wages in our annual survey.

Businesses report on their progress since the start of the pandemic in our July and August surveys.

July data from the Household Pulse Survey reveals some of the reasons people have not been working and how households met their spending needs.

The COVID-19 pandemic has put housing stability at the forefront of public policy discussions.

The number of job postings dropped considerably in the United States and the Fifth District in March and April but showed signs of recovery in May.

While most businesses surveyed have suffered some negative effects and loss of revenue as result of COVID-19, most remained open and operating, at least partially.

Between mid-March and early April, more than 360,000 Virginians filed for unemployment. What does this mean for employment measures and the state's economy?

Recent Richmond Fed research has shed new light on the functioning of the discount window and the role that stigma may play in achieving desirable outcomes.

In response to the financial crisis and recession of 2007-09, the federal government enacted a number of emergency fiscal policies intended to aid recovery. However, the unconventional and transitory nature of these fiscal policies may have contributed to greater economic uncertainty.