Regional Matters

The Richmond Fed's November business survey special questions revealed firms' expectations for hiring, wage adjustments, and other employment-related topics. Firms also shared if they have or plan to reduce the size of their workforce in the coming months.

In a follow-up to a past Regional Matters post that focused on Maryland and Virginia, this post explores heirs' property in other Fifth District states, including the challenges, risks, and potential resolutions.

Rural communities can face a mismatch between supply of and demand for community development investment dollars. But through partnerships with local government, nonprofits, businesses, and CDFIs, some are developing creative solutions.

Results from our November business surveys suggest that disruptions (e.g., reduced operating hours, supply chain disruptions) to economic activity from Hurricane Helene were largely, but not only, concentrated in FEMA-designated impact areas.

People change jobs over time, but they are likely to remain in the industries that are most highly tied to their initial fields of study.

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.

Since Hurricane Helene's devastation last month, we have kept a pulse on the Fifth District's economic impact and how the communities are doing in the storm's aftermath.

Hurricane Helene brought catastrophic damage to Fifth District communities, presenting challenges to the long recovery ahead.

Although the communities surrounding universities experienced some shielding effects from previous recessions, the unemployment rate actually increased in these areas following the COVID-19 recession.

South 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.