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Hornstein-Kudlyak-Lange Non-Employment Index

April 9, 2026

The Non-Employment Index was 7.5 percent in March 2026, decreasing by 0.2 percentage points compared to February 2026. The index decreased by 0.3 percentage points compared to March 2025.

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Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.

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Being a Research Associate at the Richmond Fed

Research Associates help the Richmond Fed's economists with their research and policy memos for briefing the Bank's president on the state of the economy. For recent graduates thinking about applying to a Ph.D. program, this position is an ideal way to learn more about academic economic research.