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Economic Research

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.

Hornstein-Kudlyak-Lange Non-Employment Index

June 10, 2021

The Non-Employment Index was 8.7 percent in May 2021, declining from April 2021. The index was 5.6 percentage points lower compared to May 2020.

Our Careers

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.

people on unequal graphic

Racial Inequality

As part of its ongoing effort to better understand the dynamics that drive the Fifth District economy, the Richmond Fed is studying racial inequality and the challenges, both past and present, facing communities of color. We have collected some of this published work under the following topics:

  • Access to Credit
  • Workforce Development
  • Regional Differences
  • Health and Justice