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This series of essays articulates the Richmond Fed's views on issues of particular importance to the Fifth District and the national economy, and their policy implications:

Regional Surveys of Business Activity


May 25, 2017 | Survey

Maryland Survey of Business Activity

Maryland Firms Reported Generally Improved Conditions in May

Carolinas Surveys

May 25, 2017 | Survey

Carolinas Survey of Business Activity

Firms in the Carolinas Were Generally Upbeat in May



June 23, 2017 | Speech

Outlook for the U.S. Economy

Andy Bauer, a senior regional economist at the Baltimore branch of the Richmond Fed, offered his outlook on the economy to a group of financial service professionals in May 2017.

Regional Matters

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June 2, 2017 | Publication

What a Shrinking Federal Government Could Mean for the Fifth District

The Fifth District has a disproportionately high share of federal government employment and contract dollars, and could be more heavily affected by reductions than other comparable areas. 

Regional Matters thumbnail logo

May 9, 2017 | Publication

Why It Matters: Counting the Unauthorized Immigrant Population

It is generally stated, but somewhat disputed, that around 11 million unauthorized immigrants currently reside in the United States. Why is it important to know more about the size and characteristics of the unauthorized population? And what role should different levels of governments play in enforcing immigration laws?


June 26, 2017

National Economic Indicators

The latest data on the national economy gathered by the Richmond Fed

Non-Employment Index

June 16, 2017

Hornstein-Kudlyak-Lange Non-Employment Index

Updated index provides an alternative to the standard unemployment rate

Econ Focus, First Quarter 2017

May 31, 2017 | Publication

Econ Focus, First Quarter 2017

Cover Story: The Missing Boomerang Buyers
Does it matter whether people who lost their homes during the foreclosure crisis come back to the housing market?

2016 Annual Report

May 25, 2017 | Publication

Annual Report - 2016

Reviews economic conditions in the Fifth District during 2016 and includes the article "Understanding Urban Decline"

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(804) 697-8000