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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

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We work with community partners to identify and address economic challenges and opportunities in low- and moderate-income communities in the Fifth District.

Featured

Article

Household Debt and Delinquencies in Fifth District

Regional Matters

August 26, 2019

By Jacob Crouse

Speech

Post-Secondary Paths: Risks and Rewards to Students

The Regional View

August 2019

By Renee Haltom

Publications

Optimal Liquidity Policy with Shadow Banking

Economic Theory

Forthcoming

Borys Grochulski and Yuzhe Zhang

Survey Data and Subjective Beliefs in Business Cycle Models

Working Paper Series

September 2019, No. 19-14

Anmol Bhandari, Jaroslav Borovicka and Paul Ho

Consumption in the Great Recession: The Financial Distress Channel

Working Paper Series

August 2019, No. 19-13

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

Data & Analysis

Fifth District Unemployment Rates

September 19, 2019

For more information on the regional economy, see our latest report on the Fifth District and our economic indicator charts.

Month,United States,Fifth District,District of Columbia,Maryland,North Carolina,South Carolina,Virginia,West Virginia
2009-08-01,9.6,8.9,9.7,7.2,10.7,11.5,6.9,8.2
2009-09-01,9.8,9,9.9,7.3,10.8,11.5,7,8.2
2009-10-01,10,9.1,10,7.4,10.9,11.6,7.1,8.3
2009-11-01,9.9,9.2,10,7.5,11.1,11.6,7.2,8.4

2009-12-01,9.9,9.3,9.9,7.7,11.2,11.7,7.4,8.5

2010-01-01,9.8,9.4,9.8,7.8,11.4,11.7,7.4,8.6

2010-02-01,9.8,9.4,9.7,7.8,11.4,11.7,7.5,8.6
2010-03-01,9.9,9.4,9.5,7.8,11.4,11.5,7.4,8.6
2010-04-01,9.9,9.3,9.4,7.7,11.2,11.4,7.3,8.5
2010-05-01,9.6,9.1,9.3,7.7,11,11.2,7.2,8.5
2010-06-01,9.4,9,9.3,7.6,10.7,11,7.1,8.5
2010-07-01,9.4,8.9,9.2,7.6,10.6,10.9,7,8.5
2010-08-01,9.5,8.9,9.2,7.6,10.5,10.8,7,8.6
2010-09-01,9.5,8.8,9.3,7.6,10.4,10.9,7,8.7

2010-10-01,9.4,8.8,9.3,7.6,10.4,10.9,6.9,8.8
2010-11-01,9.8,8.8,9.4,7.5,10.4,10.8,6.9,8.8
2010-12-01,9.3,8.8,9.5,7.5,10.4,10.8,6.8,8.8

2011-01-01,9.1,8.7,9.6,7.4,10.4,10.7,6.7,8.7
2011-02-01,9,8.6,9.8,7.3,10.3,10.7,6.6,8.5
2011-03-01,9,8.6,10.1,7.3,10.3,10.6,6.5,8.3

2011-04-01,9.1,8.6,10.3,7.3,10.3,10.6,6.5,8.2
2011-05-01,9,8.6,10.4,7.3,10.3,10.6,6.6,8.1
2011-06-01,9.1,8.7,10.5,7.3,10.4,10.7,6.6,8
2011-07-01,9,8.7,10.5,7.3,10.5,10.7,6.7,8
2011-08-01,9,8.7,10.4,7.3,10.4,10.7,6.7,8
2011-09-01,9,8.6,10.3,7.2,10.3,10.6,6.7,7.9
2011-10-01,8.8,8.5,10.1,7.2,10.2,10.4,6.6,7.8
2011-11-01,8.6,8.4,10,7.1,10,10.2,6.5,7.7

2011-12-01,8.5,8.2,9.9,7,9.8,10,6.4,7.5
2012-01-01,8.3,8.1,9.8,7,9.6,9.8,6.3,7.4

2012-02-01,8.3,8,9.6,7,9.5,9.7,6.2,7.3
2012-03-01,8.2,7.9,9.4,7,9.4,9.6,6.2,7.3
2012-04-01,8.2,7.9,9.3,7,9.4,9.5,6.2,7.4
2012-05-01,8.2,7.9,9.1,7,9.4,9.5,6.2,7.5
2012-06-01,8.2,7.9,8.9,7,9.3,9.4,6.1,7.6
2012-07-01,8.2,7.8,8.8,7,9.3,9.2,6.1,7.6
2012-08-01,8.1,7.8,8.8,7,9.2,9,6,7.7
2012-09-01,7.8,7.7,8.7,6.9,9.2,8.9,5.9,7.6
2012-10-01,7.8,7.6,8.7,6.9,9.1,8.7,5.9,7.6

2012-11-01,7.7,7.6,8.7,6.9,9.1,8.6,5.8,7.5
2012-12-01,7.9,7.5,8.7,6.9,9,8.5,5.8,7.4
2013-01-01,8,7.5,8.7,6.9,8.9,8.4,5.8,7.3

2013-02-01,7.7,7.4,8.7,6.8,8.8,8.4,5.8,7.1
2013-03-01,7.5,7.3,8.7,6.8,8.6,8.2,5.8,6.9
2013-04-01,7.6,7.2,8.6,6.7,8.4,8.1,5.8,6.8
2013-05-01,7.5,7.1,8.6,6.7,8.2,7.9,5.7,6.7
2013-06-01,7.5,7,8.6,6.6,8.1,7.8,5.7,6.6
2013-07-01,7.3,6.9,8.5,6.6,7.9,7.6,5.7,6.6
2013-08-01,7.2,6.8,8.5,6.5,7.7,7.4,5.7,6.6
2013-09-01,7.2,6.7,8.4,6.4,7.5,7.2,5.7,6.6
2013-10-01,7.2,6.6,8.3,6.3,7.3,7,5.6,6.7

2013-11-01,6.9,6.5,8.2,6.3,7.1,6.8,5.6,6.8
2013-12-01,6.7,6.4,8.1,6.2,7,6.6,5.5,6.8
2014-01-01,6.6,6.3,8,6.1,6.8,6.4,5.5,6.9
2014-02-01,6.7,6.2,8,6,6.7,6.3,5.4,6.8

2014-03-01,6.7,6.1,7.9,6,6.6,6.2,5.4,6.8

2014-04-01,6.2,6.1,7.9,5.9,6.5,6.3,5.4,6.7

2014-05-01,6.3,6.1,7.8,5.9,6.5,6.3,5.3,6.7

2014-06-01,6.1,6,7.8,5.9,6.4,6.4,5.3,6.6
2014-07-01,6.2,6,7.7,5.8,6.3,6.5,5.2,6.6
2014-08-01,6.1,6,7.7,5.8,6.2,6.6,5.2,6.5

2014-09-01,5.9,5.9,7.7,5.7,6.1,6.7,5.1,6.5
2014-10-01,5.7,5.8,7.6,5.6,6,6.7,5.1,6.5
2014-11-01,5.8,5.7,7.6,5.6,5.9,6.6,5,6.5

2014-12-01,5.6,5.7,7.5,5.5,5.8,6.5,4.9,6.5

2015-01-01,5.7,5.6,7.4,5.4,5.8,6.5,4.9,6.6

2015-02-01,5.5,5.6,7.3,5.4,5.8,6.4,4.8,6.8

2015-03-01,5.4,5.6,7.2,5.3,5.9,6.4,4.8,6.9

2015-04-01,5.4,5.6,7.1,5.3,5.9,6.3,4.7,7

2015-05-01,5.6,5.5,7,5.2,5.9,6.2,4.6,7.1

2015-06-01,5.3,5.5,6.9,5.1,5.9,6,4.5,7
2015-07-01,5.2,5.4,6.8,5,5.8,5.9,4.4,6.9

2015-08-01,5.1,5.3,6.7,5,5.7,5.7,4.3,6.7

2015-09-01,5,5.2,6.6,4.9,5.6,5.6,4.2,6.6

2015-10-01,5,5.1,6.6,4.8,5.5,5.6,4.1,6.5

2015-11-01,5.1,5,6.5,4.8,5.4,5.5,4.1,6.4

2015-12-01,5,5,6.5,4.7,5.4,5.5,4.1,6.4

2016-01-01,4.9,4.9,6.4,4.6,5.3,5.4,4.1,6.4

2016-02-01,4.9,4.9,6.3,4.5,5.2,5.4,4,6.4

2016-03-01,5,4.8,6.2,4.5,5.1,5.3,4,6.4
2016-04-01,5,4.8,6.1,4.5,5.1,5.3,4,6.3

2016-05-01,4.8,4.8,6.1,4.4,5,5.2,4.1,6.2

2016-06-01,4.9,4.7,6.1,4.4,5,5.1,4.1,6.2
2016-07-01,4.8,4.7,6,4.4,5,5,4.1,6.1

2016-08-01,4.9,4.7,6,4.4,5,4.9,4.2,6
2016-09-01,5,4.7,6,4.4,5.1,4.8,4.2,5.9

2016-10-01,4.9,4.7,6,4.4,5.1,4.7,4.2,5.8
2016-11-01,4.7,4.7,6,4.4,5.1,4.7,4.1,5.7
2016-12-01,4.7,4.6,6,4.4,5,4.6,4.1,5.5

2017-01-01,4.7,4.6,6,4.4,4.9,4.5,4,5.3

2017-02-01,4.7,4.5,6.1,4.3,4.8,4.5,4,5.2
2017-03-01,4.4,4.4,6.1,4.3,4.7,4.4,3.9,5.1

2017-04-01,4.4,4.3,6.2,4.3,4.6,4.3,3.8,5

2017-05-01,4.4,4.3,6.2,4.2,4.5,4.3,3.8,5
2017-06-01,4.3,4.2,6.2,4.2,4.4,4.3,3.7,5
2017-07-01,4.3,4.2,6.2,4.2,4.4,4.2,3.7,5.1
2017-08-01,4.4,4.2,6.1,4.2,4.3,4.2,3.6,5.2

2017-09-01,4.2,4.2,6,4.2,4.3,4.2,3.6,5.3

2017-10-01,4.1,4.1,5.9,4.2,4.3,4.2,3.5,5.3
2017-11-01,4.2,4.1,5.9,4.2,4.3,4.1,3.4,5.4
2017-12-01,4.1,4.1,5.8,4.2,4.2,4,3.4,5.4

2018-01-01,4.1,4,5.8,4.2,4.2,3.9,3.3,5.4

2018-02-01,4.1,4,5.8,4.2,4.2,3.8,3.2,5.4

2018-03-01,4,3.9,5.8,4.1,4.1,3.7,3.2,5.4

2018-04-01,3.9,3.8,5.7,4.1,4,3.5,3.1,5.4

2018-05-01,3.8,3.8,5.7,4,4,3.4,3,5.3

2018-06-01,4,3.7,5.6,4,3.9,3.3,3,5.2

2018-07-01,3.9,3.6,5.5,3.9,3.8,3.3,2.9,5.2
2018-08-01,3.8,3.6,5.4,3.8,3.7,3.2,2.8,5.1
2018-09-01,3.7,3.5,5.4,3.8,3.7,3.2,2.8,5.1
2018-10-01,3.8,3.5,5.3,3.7,3.7,3.2,2.8,5.1
2018-11-01,3.7,3.5,5.3,3.7,3.7,3.2,2.8,5.1
2018-12-01,3.9,3.5,5.4,3.7,3.7,3.2,2.8,5.1
2019-01-01,4,3.5,5.4,3.7,3.8,3.2,2.8,5.2
2019-02-01,3.8,3.6,5.5,3.7,3.9,3.2,2.9,5.2
2019-03-01,3.8,3.6,5.6,3.8,4.0,3.2,2.9,5.1
2019-04-01,3.6,3.7,5.6,3.8,4.0,3.4,2.9,4.9
2019-05-01,3.6,3.7,5.7,3.8,4.1,3.5,3.0,4.8
2019-06-01,3.7,3.7,5.6,3.8,4.1,3.5,2.9,4.7
2019-07-01,3.7,3.7,5.6,3.8,4.2,3.4,2.9,4.7
2019-08-01,3.7,,,,,,,