Our Team
Adam Scavette
Adam Scavette was a regional economist at the Baltimore branch of the Federal Reserve Bank of Richmond from 2022 to 2024. He is currently a community development economic advisor at the Federal Reserve Bank of Philadelphia.
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Bank Publications
Econ Focus, First/Second Quarter 2024
Uptake in SNAP, which supports low-income households enduring persistent poverty and fights food insecurity, varies over time and geography depending on the U.S. business cycle as well as state-specific factors.
Carrie Cook, Stephanie Norris, Alvaro Sánchez and Adam Scavette
Econ Focus, Second Quarter 2023Social capital — the strength of social networks within communities — can be important to economic mobility. We look at how this measure varies for communities across our district.
Stephanie Norris and Adam Scavette
Economic Brief, July 2022, No. 22-28As legal gambling options proliferate, commercial casino expansion is less likely to induce economic growth.
Adam Scavette
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Working Papers
June 2024, No. 24-05
This paper provides evidence on the regional resiliency impact of research universities by estimating the effects of recent U.S. recessions on local unemployment.
Robert Calvert Jump and Adam Scavette
May 2023, No. 23-07New Jersey voters approved legalized gambling for Atlantic City in a 1976 referendum. The state explicitly leveraged the city's regional monopoly on casinos east of the Mississippi River as an economic development strategy to revive the blighted seaside resort town.
Adam Scavette
March 2022, No. 22-02The Labor Market Effects of Place-Based Policies: Evidence from England’s Neighbourhood Renewal FundIn this paper, we examine the labor market effects of the Neighbourhood Renewal Fund, which targeted eighty-eight of the most deprived areas in England during the early 2000s as part of the Labour Government's National Strategy for Neighbourhood Renewal.
Robert Calvert Jump and Adam Scavette
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Regional Matters
October 31, 2024
Telehealth offers a potential opportunity to support health care access in rural communities, but the digital divide in access to broadband and devices shows that these underserved communities face lower access to health care.
Adam Scavette and Alvaro Sánchez
September 19, 2024Although the communities surrounding universities experienced some shielding effects from previous recessions, the unemployment rate actually increased in these areas following the COVID-19 recession.
Adam Scavette and Robert Calvert Jump
September 12, 2024South Carolina's recruitment of a Boeing assembly plant to North Charleston in the late 2000s boosted the state's aerospace sector and Charleston's local labor market over the subsequent decade.
Adam Scavette
July 12, 2024Recent Immigration into the Fifth District has broadly aided population growth, but especially in states adjoining the DMV (District of Columbia, Maryland, Virginia).
Surekha Carpenter and Adam Scavette
June 20, 2024This post explores how changes in total population, out-of-the-labor-force population, and unemployment explain employment growth across the Fifth District's rural counties.
Adam Scavette
May 3, 2024Fifth District firms expect a limited impact to their businesses due to the collapse of the Francis Scott Key Bridge, although the impact varies across industries.
Adam Scavette and Jason Kosakow
April 4, 2024We reexamine the Dallas Fed's analysis to understand if regional manufacturing data published by several Reserve Banks still track leading national economic indicators.
Jason Kosakow and Adam Scavette
March 11, 2024This article covers the state-level employment data release from the Bureau of Labor Statistics for January, written by the Richmond Fed's team of regional economists.
Joseph Mengedoth, Adam Scavette and Laura Dawson Ullrich
March 7, 2024In this post, we examine recent domestic migration trends in Maryland compared to peer states in the Fifth District.
Adam Scavette and Keith Waters
February 15, 2024Differences in permitting activity, land use regulation, and land availability contribute to variation in how rapidly the local housing supply is growing in communities throughout the Fifth District.
Adam Scavette and Sierra Stoney
February 2, 2024Price growth in the Fifth District is slowing, but firms expect annualized growth and price adjustments to be above pre-COVID-19 norms, suggesting that pricing uncertainty persists.
Jason Kosakow and Adam Scavette
October 5, 2023In this article, we look at labor market activity within the Capital Beltway over the past three years to assess what might be contributing to the slower growth north of the Potomac River.
Adam Scavette and Keith Waters
August 17, 2023Population loss and aging homes have left the city of Baltimore with an abandoned housing problem that policymakers and community leaders continue to address.
Peter M. Dolkart and Adam Scavette
August 03, 2023How do state economies behave differently through the ups and downs of national business cycles? Do some states tend to enter recessions sooner (or later) than others? Are some states more recession-proof (or prone) than others?
Adam Scavette
March 28, 2023Fifth District firms have experienced faster price growth since 2021. Increased uncertainty coincided with firms adjusting their own prices more frequently than before the COVID-19 pandemic.
Jason Kosakow and Adam Scavette
February 03, 2023$440 million in competitive economic development grants from the 2021 American Rescue Plan Act have arrived in the Fifth District where the funds are expected to have an outsized impact in rural areas.
R. Andrew Bauer and Adam Scavette
October 13, 2022The Recompete Pilot Program intends to boost economic competitiveness in selected underperforming areas by dispersing grants to fund proposed infrastructure, workforce, and business development activities.
Adam Scavette
September 15, 2022The newly established Affordable Connectivity Program subsidizes broadband subscription for low-income households. It may better reach targeted households by learning from other federal benefit programs.
Adam Scavette
April 28, 2022Although U.S. employment in manufacturing has decreased since the 1980s, the industry has become a vital employer in rural areas, where it pays above-average wages.
Adam Scavette
March 3, 2022Congress allocated $65 billion for broadband in the IIJA, but bridging the digital divide will require cooperation among federal, state and local actors.
Adam Scavette
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Blog Posts
October 1, 2024
In the past couple of years, Charlotte's high multifamily rent growth appears to be driven by differences in demand via renter household growth, but this growth has been moderated by growth in multifamily supply.
Adam Scavette and Sierra Stoney
April 9, 2024Temporary losses look to be severe after the collapse of the Francis Scott Key Bridge and closure of the Port of Baltimore, but there are several reasons to be optimistic about recovery.
Adam Scavette