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.
Recent reports revealed strong growth in hiring and wages for April. But is that growth enough to keep up with inflation?
Arun Gupta, Horacio Sapriza and Vladimir Yankov
Stephen Day, Evelyn Nunes and Bruno Sultanum
The Non-Employment Index was 7.6 percent in April 2022, essentially unchanged from March 2022. The index was 1.2 percentage points lower compared to April 2021.
Month,HKL Nonemployment Index,HKL Nonemployment Index Including PTER,Civilian Unemployment Rate (U-3),Unemployed plus Marginally Attached (U-5),Unemployed plus Marginally Attached and PTER (U-6) 1994-01-01,10.00721016,11.07361331,6.6,8,11.7 1994-02-01,9.833175257,10.98868116,6.6,7.9,11.4 1994-03-01,9.726928431,10.94154437,6.5,7.8,11.5 1994-04-01,9.593734296,10.77889089,6.4,7.7,11.3 1994-05-01,9.382671067,10.60460822,6.1,7.3,10.9 1994-06-01,9.375879566,10.58908774,6.1,7.3,11 1994-07-01,9.318171575,10.47955108,6.1,7.4,10.8 1994-08-01,9.26762178,10.38664531,6,7.3,10.6 1994-09-01,9.177751345,10.28570545,5.9,7.2,10.4 1994-10-01,9.103182589,10.24322378,5.8,7,10.4 1994-11-01,9.002915483,10.1535087,5.6,6.8,10.1 1994-12-01,8.922634537,10.04005219,5.5,6.7,10.1 1995-01-01,8.943243214,10.13692591,5.6,6.7,10.1 1995-02-01,8.872088838,9.952877404,5.4,6.6,9.9 1995-03-01,8.909060134,10.01258366,5.4,6.6,9.9 1995-04-01,8.998199131,10.08975534,5.8,6.8,10.1 1995-05-01,9.038052593,10.17335241,5.6,6.8,10.1 1995-06-01,8.976528941,10.09848095,5.6,6.7,10.1 1995-07-01,8.96260042,10.09840983,5.7,6.8,10.1 1995-08-01,9.003253637,10.14851241,5.7,6.8,10.1 1995-09-01,8.993436316,10.14291893,5.6,6.7,10.2 1995-10-01,8.986307311,10.10800648,5.5,6.7,10 1995-11-01,8.973341035,10.10934356,5.6,6.7,10.1 1995-12-01,8.99452404,10.10360291,5.6,6.7,10 1996-01-01,8.965744075,10.00864245,5.6,6.8,9.8 1996-02-01,8.943483851,10.02704429,5.5,6.7,10 1996-03-01,8.878080243,9.97396182,5.5,6.6,9.9 1996-04-01,8.869249813,9.952244685,5.6,6.7,10 1996-05-01,8.883732548,9.964791535,5.6,6.6,9.8 1996-06-01,8.737244029,9.808958525,5.3,6.5,9.7 1996-07-01,8.742742683,9.849612867,5.5,6.5,9.7 1996-08-01,8.654919659,9.754119731,5.1,6.2,9.4 1996-09-01,8.592426396,9.676353101,5.2,6.2,9.5 1996-10-01,8.641705155,9.724963789,5.2,6.2,9.5 1996-11-01,8.722456811,9.73016448,5.4,6.4,9.4 1996-12-01,8.647944144,9.727996571,5.4,6.4,9.6 1997-01-01,8.644815712,9.709367435,5.3,6.3,9.4 1997-02-01,8.644875587,9.679544547,5.2,6.2,9.3 1997-03-01,8.555500486,9.566980221,5.2,6.2,9.1 1997-04-01,8.453530076,9.497206511,5.1,6.1,9.3 1997-05-01,8.443942198,9.441866992,4.9,5.9,8.9 1997-06-01,8.402632721,9.385009039,5,6,8.9 1997-07-01,8.270887988,9.284765254,4.9,5.8,8.7 1997-08-01,8.233207484,9.230988829,4.8,5.8,8.7 1997-09-01,8.31013087,9.288768867,4.9,5.8,8.7 1997-10-01,8.207776796,9.185762636,4.7,5.6,8.5 1997-11-01,8.178245288,9.151113099,4.6,5.6,8.4 1997-12-01,8.204276035,9.147157185,4.7,5.7,8.5 1998-01-01,8.123707617,9.103685688,4.6,5.6,8.4 1998-02-01,8.075524191,9.016957465,4.6,5.5,8.3 1998-03-01,8.12479296,9.063678901,4.7,5.6,8.4 1998-04-01,7.957066407,8.838772403,4.3,5.2,8 1998-05-01,7.970063725,8.887465809,4.4,5.3,8 1998-06-01,8.037256823,8.958569054,4.5,5.4,8.1 1998-07-01,8.095804508,9.044185342,4.5,5.5,8.2 1998-08-01,8.069225389,8.937083821,4.5,5.4,7.9 1998-09-01,8.018832067,8.858215727,4.6,5.5,8 1998-10-01,8.033920471,8.873700832,4.5,5.4,7.9 1998-11-01,7.936968452,8.742810599,4.4,5.3,7.7 1998-12-01,7.912024896,8.736700303,4.4,5.2,7.6 1999-01-01,7.894506912,8.739047272,4.3,5.2,7.6 1999-02-01,7.935716139,8.762185742,4.4,5.2,7.7 1999-03-01,7.884910595,8.740703144,4.2,5,7.5 1999-04-01,8.066191735,8.857919778,4.3,5.2,7.7 1999-05-01,7.90222717,8.73198018,4.2,5,7.4 1999-06-01,7.92451476,8.74310738,4.3,5.1,7.5 1999-07-01,7.871272411,8.697526326,4.3,5.1,7.5 1999-08-01,7.842737363,8.644086432,4.2,5,7.3 1999-09-01,7.858736115,8.650680213,4.2,5,7.4 1999-10-01,7.756210818,8.519381673,4.1,5,7.2 1999-11-01,7.72602376,8.485025674,4.1,4.9,7.2 1999-12-01,7.678248747,8.4590829,4,4.8,7.1 2000-01-01,7.620675452,8.380784612,4,4.8,7 2000-02-01,7.73562645,8.481698675,4.1,4.9,7.1 2000-03-01,7.758785188,8.519269598,4,4.8,7.1 2000-04-01,7.633707593,8.357291422,3.8,4.7,6.9 2000-05-01,7.809096375,8.595850657,4,4.8,7.1 2000-06-01,7.652894644,8.402685164,4,4.7,7 2000-07-01,7.666440436,8.421505917,4,4.8,7 2000-08-01,7.698496562,8.47231357,4.1,4.8,7.1 2000-09-01,7.660553654,8.420332458,3.9,4.7,7 2000-10-01,7.646229225,8.398896078,3.9,4.6,6.8 2000-11-01,7.681330017,8.470898387,3.9,4.7,7.1 2000-12-01,7.664863252,8.414754116,3.9,4.7,6.9 2001-01-01,7.755803771,8.534526273,4.2,5,7.3 2001-02-01,7.788216101,8.549829521,4.2,5.1,7.3 2001-03-01,7.848164547,8.611666154,4.3,5,7.3 2001-04-01,7.998395315,8.746878141,4.4,5.1,7.4 2001-05-01,8.086923982,8.900888635,4.3,5.1,7.5 2001-06-01,8.16633203,9.046705975,4.5,5.3,7.9 2001-07-01,8.12181517,8.96344754,4.6,5.4,7.9 2001-08-01,8.435797798,9.249166086,4.9,5.8,8.2 2001-09-01,8.40778609,9.387081503,5,5.8,8.7 2001-10-01,8.671900538,9.698564298,5.3,6.3,9.3 2001-11-01,8.760034707,9.728456578,5.5,6.4,9.4 2001-12-01,8.869927641,9.877446271,5.7,6.6,9.6 2002-01-01,8.944246785,9.881729792,5.7,6.6,9.4 2002-02-01,8.850377398,9.825607812,5.7,6.5,9.5 2002-03-01,8.835247958,9.780010608,5.7,6.6,9.4 2002-04-01,8.90274415,9.853403408,5.9,6.9,9.7 2002-05-01,8.828473938,9.782721727,5.8,6.8,9.6 2002-06-01,8.81669205,9.753291866,5.8,6.7,9.5 2002-07-01,8.833354596,9.801199877,5.8,6.8,9.6 2002-08-01,8.769478657,9.79578063,5.7,6.7,9.6 2002-09-01,8.733993041,9.725736162,5.7,6.6,9.6 2002-10-01,8.708613709,9.702434198,5.7,6.6,9.6 2002-11-01,8.849689148,9.809139411,5.9,6.8,9.8 2002-12-01,8.781480829,9.759519419,6,6.9,9.8 2003-01-01,8.827191528,9.871489967,5.8,6.8,9.9 2003-02-01,8.852919811,9.932340904,5.9,6.9,10.1 2003-03-01,8.965128058,10.02377034,5.9,6.9,10 2003-04-01,8.919241914,9.99259743,6,7,10.2 2003-05-01,8.994384731,10.04096535,6.1,7.1,10.1 2003-06-01,9.033166186,10.07965494,6.3,7.2,10.3 2003-07-01,9.002071732,10.06603012,6.2,7.1,10.3 2003-08-01,8.977948761,10.01578133,6.1,7.1,10.1 2003-09-01,8.965861468,10.06762431,6.1,7.1,10.4 2003-10-01,8.952472637,10.02701246,6,7,10.2 2003-11-01,8.81803149,9.880925759,5.8,6.8,10.1 2003-12-01,8.804426101,9.872031784,5.7,6.6,9.8 2004-01-01,8.745841724,9.807788435,5.7,6.7,9.8 2004-02-01,8.697936441,9.707144601,5.6,6.6,9.7 2004-03-01,8.824329512,9.892695731,5.8,6.8,10 2004-04-01,8.696005723,9.706745873,5.6,6.6,9.6 2004-05-01,8.689037616,9.726575154,5.6,6.6,9.7 2004-06-01,8.666007598,9.665583793,5.6,6.6,9.6 2004-07-01,8.657535409,9.658940609,5.5,6.5,9.5 2004-08-01,8.629155674,9.658299245,5.4,6.4,9.4 2004-09-01,8.612268126,9.617247976,5.4,6.4,9.4 2004-10-01,8.650191679,9.715570765,5.5,6.5,9.7 2004-11-01,8.602442773,9.593151982,5.4,6.3,9.4 2004-12-01,8.588564241,9.577441625,5.4,6.3,9.3 2005-01-01,8.539438285,9.513590746,5.3,6.3,9.2 2005-02-01,8.599635736,9.542942764,5.4,6.4,9.2 2005-03-01,8.523310343,9.502873998,5.2,6.2,9.1 2005-04-01,8.483567576,9.410946152,5.2,6.1,9 2005-05-01,8.404831294,9.369270491,5.1,6.1,8.9 2005-06-01,8.436430904,9.421192159,5,6,9 2005-07-01,8.348888831,9.323209054,5,5.9,8.8 2005-08-01,8.263624032,9.277319325,4.9,5.9,8.9 2005-09-01,8.409728591,9.444593194,5,6,9 2005-10-01,8.369547825,9.311063597,5,5.9,8.7 2005-11-01,8.43310922,9.340181672,5,6,8.7 2005-12-01,8.386775453,9.288655882,4.9,5.9,8.6 2006-01-01,8.273012622,9.173038843,4.7,5.6,8.4 2006-02-01,8.269196059,9.187458211,4.8,5.6,8.4 2006-03-01,8.166885061,9.041865389,4.7,5.6,8.2 2006-04-01,8.300758542,9.128803767,4.7,5.6,8.1 2006-05-01,8.122871578,9.02730248,4.6,5.5,8.2 2006-06-01,8.115508366,9.056926975,4.6,5.6,8.4 2006-07-01,8.175393979,9.115091391,4.7,5.7,8.5 2006-08-01,8.14383456,9.081223385,4.7,5.7,8.4 2006-09-01,8.127612496,9.044212497,4.5,5.3,8 2006-10-01,8.091111324,9.042255533,4.4,5.3,8.2 2006-11-01,8.141673879,9.034453786,4.5,5.4,8.1 2006-12-01,8.040760743,8.94671765,4.4,5.2,7.9 2007-01-01,8.116267277,9.03465427,4.6,5.5,8.3 2007-02-01,8.087862776,8.995785641,4.5,5.4,8.1 2007-03-01,7.935487465,8.859028888,4.4,5.3,8 2007-04-01,8.214123198,9.118227777,4.5,5.4,8.2 2007-05-01,8.165378299,9.135159842,4.4,5.3,8.2 2007-06-01,8.135354922,9.066756059,4.6,5.4,8.3 2007-07-01,8.153786577,9.105007187,4.7,5.5,8.4 2007-08-01,8.17989451,9.190789016,4.6,5.5,8.4 2007-09-01,8.227056954,9.222760752,4.7,5.5,8.4 2007-10-01,8.223547523,9.165013769,4.7,5.6,8.4 2007-11-01,8.142084745,9.092976509,4.7,5.6,8.5 2007-12-01,8.313097793,9.294651384,5,5.8,8.8 2008-01-01,8.3266622,9.365408886,5,5.9,9.1 2008-02-01,8.316025223,9.359218142,4.9,5.8,9 2008-03-01,8.434114451,9.4868579,5.1,5.9,9.1 2008-04-01,8.463100463,9.548745713,5,5.9,9.2 2008-05-01,8.619487683,9.754582283,5.4,6.3,9.7 2008-06-01,8.672649589,9.858125192,5.6,6.5,10 2008-07-01,8.85671151,10.14227906,5.8,6.7,10.5 2008-08-01,9.003313759,10.27510412,6.1,7.1,10.8 2008-09-01,9.090637969,10.41660855,6.1,7.1,11.1 2008-10-01,9.230134181,10.65922757,6.5,7.5,11.8 2008-11-01,9.481671013,11.02099991,6.8,8,12.7 2008-12-01,9.755561277,11.45625394,7.3,8.4,13.6 2009-01-01,10.18696032,11.91664643,7.8,9,14.1 2009-02-01,10.40667864,12.26719857,8.3,9.5,15.1 2009-03-01,10.60150407,12.54029233,8.7,10,15.8 2009-04-01,10.69993024,12.55582205,9,10.2,15.9 2009-05-01,10.89980034,12.83072971,9.4,10.7,16.5 2009-06-01,10.93992538,12.87020304,9.5,10.7,16.5 2009-07-01,10.77904572,12.71117204,9.5,10.7,16.4 2009-08-01,10.79416091,12.71385076,9.6,10.9,16.7 2009-09-01,10.86573153,12.72545994,9.8,11.1,16.7 2009-10-01,10.97942048,12.87854697,10,11.3,17.1 2009-11-01,10.83518522,12.73937332,9.9,11.3,17.1 2009-12-01,10.89885594,12.80445566,9.9,11.3,17.2 2010-01-01,10.80908056,12.61774111,9.8,11.2,16.6 2010-02-01,10.81931054,12.69676266,9.8,11.2,17 2010-03-01,10.79561891,12.73299267,9.9,11.2,17.1 2010-04-01,10.64560001,12.56457786,9.9,11.4,17.2 2010-05-01,10.53315461,12.39228836,9.6,11,16.7 2010-06-01,10.45469925,12.28000012,9.4,10.9,16.4 2010-07-01,10.51930435,12.35907138,9.4,10.9,16.4 2010-08-01,10.59049828,12.43520278,9.5,10.9,16.5 2010-09-01,10.61983401,12.51545939,9.5,11,16.9 2010-10-01,10.57275273,12.43088655,9.4,11,16.6 2010-11-01,10.71976088,12.55871426,9.8,11.3,16.9 2010-12-01,10.52297396,12.38495131,9.3,10.8,16.6 2011-01-01,10.43923936,12.21879552,9.1,10.6,16.1 2011-02-01,10.38477731,12.15735909,9,10.6,16 2011-03-01,10.30009288,12.11066547,9,10.4,16 2011-04-01,10.4178658,12.22998149,9.1,10.6,16.1 2011-05-01,10.35554569,12.15596866,9,10.4,15.9 2011-06-01,10.46085668,12.24047154,9.1,10.7,16.1 2011-07-01,10.44666625,12.21320806,9,10.6,15.9 2011-08-01,10.38346008,12.19535761,9,10.5,16.1 2011-09-01,10.3475524,12.19023632,9,10.5,16.4 2011-10-01,10.29971498,12.10454402,8.8,10.3,15.8 2011-11-01,10.22319798,11.96915875,8.6,10.2,15.6 2011-12-01,10.13725374,11.83439379,8.5,10,15.2 2012-01-01,10.02497905,11.72725416,8.3,9.8,15.1 2012-02-01,10.0037261,11.71206775,8.3,9.8,15 2012-03-01,10.00753369,11.6215649,8.2,9.6,14.6 2012-04-01,10.00810016,11.64594971,8.2,9.6,14.7 2012-05-01,9.969862868,11.65244971,8.2,9.7,14.8 2012-06-01,10.00385533,11.68139669,8.2,9.6,14.7 2012-07-01,10.01558974,11.6951311,8.2,9.6,14.7 2012-08-01,10.07328541,11.69253691,8.1,9.6,14.6 2012-09-01,9.838063034,11.55222681,7.8,9.3,14.8 2012-10-01,9.812354045,11.50940253,7.8,9.2,14.4 2012-11-01,9.868144213,11.53338922,7.7,9.2,14.4 2012-12-01,9.921220538,11.55027226,7.9,9.4,14.4 2013-01-01,10.03336769,11.66041589,8,9.3,14.5 2013-02-01,9.850352648,11.52483499,7.7,9.2,14.3 2013-03-01,9.786891713,11.36346442,7.5,9,13.9 2013-04-01,9.796021174,11.42507387,7.6,9,14 2013-05-01,9.796631839,11.40980424,7.5,8.8,13.9 2013-06-01,9.769781336,11.43032484,7.5,9.1,14.2 2013-07-01,9.613826839,11.26121816,7.3,8.7,13.8 2013-08-01,9.51702537,11.08815392,7.2,8.6,13.6 2013-09-01,9.503750484,11.07971587,7.2,8.6,13.5 2013-10-01,9.580463919,11.23246443,7.2,8.6,13.6 2013-11-01,9.366672718,10.93504025,6.9,8.2,13.1 2013-12-01,9.297958598,10.88948002,6.7,8.1,13.1 2014-01-01,9.261992363,10.70938916,6.6,8,12.6 2014-02-01,9.28045492,10.76506805,6.7,8,12.6 2014-03-01,9.269253686,10.76980239,6.7,8,12.7 2014-04-01,9.096788056,10.61737155,6.2,7.6,12.3 2014-05-01,9.165169213,10.61648924,6.3,7.7,12.3 2014-06-01,9.061897519,10.57344675,6.1,7.3,12 2014-07-01,9.102626188,10.59305491,6.2,7.4,12.1 2014-08-01,9.127571705,10.56757756,6.1,7.4,12 2014-09-01,9.045067574,10.44512634,5.9,7.2,11.7 2014-10-01,8.91192412,10.36693849,5.7,7.1,11.5 2014-11-01,8.971692697,10.35953363,5.8,7.1,11.4 2014-12-01,8.843657156,10.22160827,5.6,6.9,11.2 2015-01-01,8.880477101,10.2178321,5.7,6.9,11.2 2015-02-01,8.827939841,10.1683815,5.5,6.7,10.9 2015-03-01,8.773459623,10.09753679,5.4,6.7,10.9 2015-04-01,8.770095069,10.09187743,5.4,6.7,10.9 2015-05-01,8.727788194,10.03295463,5.6,6.8,10.9 2015-06-01,8.697792008,9.980070416,5.3,6.4,10.4 2015-07-01,8.695124236,9.941914119,5.2,6.3,10.3 2015-08-01,8.51416763,9.798547078,5.1,6.2,10.2 2015-09-01,8.589786738,9.768794448,5,6.2,10 2015-10-01,8.586654009,9.772768318,5,6.2,9.8 2015-11-01,8.548531743,9.773786858,5.1,6.1,10 2015-12-01,8.47816667,9.685689742,5,6.1,9.9 2016-01-01,8.403974463,9.570700115,4.8,6,9.7 2016-02-01,8.405052929,9.597425145,4.9,5.9,9.6 2016-03-01,8.401808423,9.604728664,5,6.1,9.8 2016-04-01,8.455382133,9.644255768,5.1,6.1,9.9 2016-05-01,8.357399839,9.622725603,4.8,5.9,9.9 2016-06-01,8.34406196,9.482301664,4.9,5.9,9.5 2016-07-01,8.354762593,9.519387844,4.8,5.9,9.6 2016-08-01,8.323280991,9.51451718,4.9,5.9,9.6 2016-09-01,8.477436287,9.613521089,5,6.1,9.7 2016-10-01,8.470674741,9.659917164,4.9,5.9,9.6 2016-11-01,8.311176509,9.429863484,4.7,5.9,9.4 2016-12-01,8.302522816,9.405587237,4.7,5.7,9.2 2017-01-01,8.263992756,9.397243758,4.7,5.6,9.2 2017-02-01,8.195852601,9.316854113,4.6,5.6,9 2017-03-01,8.121404961,9.209883949,4.4,5.4,8.8 2017-04-01,8.077117938,9.121626061,4.4,5.4,8.6 2017-05-01,8.067028257,9.088130133,4.4,5.3,8.5 2017-06-01,7.981682984,9.017004973,4.3,5.2,8.5 2017-07-01,7.938083581,8.967004015,4.3,5.2,8.5 2017-08-01,8.043458044,9.066675251,4.4,5.3,8.6 2017-09-01,7.908964925,8.877618208,4.3,5.2,8.3 2017-10-01,7.886726533,8.830003044,4.2,5.1,8.1 2017-11-01,7.897385219,8.82303994,4.2,5.1,8 2017-12-01,7.892937739,8.866564147,4.1,5.1,8.1 2018-01-01,7.826376571,8.821830168,4,4.9,8 2018-02-01,7.802897635,8.837925727,4.1,5,8.1 2018-03-01,7.802551515,8.803083159,4,4.9,7.9 2018-04-01,7.780053569,8.762006127,4,4.8,7.9 2018-05-01,7.710380151,8.671215537,3.8,4.7,7.8 2018-06-01,7.729995135,8.656156052,4,4.8,7.8 2018-07-01,7.638809037,8.515637834,3.8,4.7,7.5 2018-08-01,7.719996731,8.543278437,3.8,4.7,7.4 2018-09-01,7.665652882,8.504191293,3.7,4.7,7.5 2018-10-01,7.67199519,8.519355107,3.8,4.7,7.5 2018-11-01,7.632011414,8.514537134,3.8,4.8,7.6 2018-12-01,7.677362604,8.57817975,3.9,4.8,7.6 2019-01-01,7.739653769,8.777966801,4,4.8,8 2019-02-01,7.654806293,8.553576175,3.8,4.6,7.2 2019-03-01,7.643332583,8.569943055,3.8,4.6,7.4 2019-04-01,7.555495208,8.502168083,3.6,4.5,7.4 2019-05-01,7.521740552,8.371931665,3.6,4.5,7.2 2019-06-01,7.514525563,8.35843589,3.6,4.5,7.2 2019-07-01,7.599405301,8.338414285,3.7,4.5,6.9 2019-08-01,7.473799224,8.273297032,3.7,4.6,7.2 2019-09-01,7.338914474,8.090640354,3.5,4.3,6.9 2019-10-01,7.318071583,8.096948638,3.6,4.4,7 2019-11-01,7.351099786,8.12369142,3.6,4.3,6.9 2019-12-01,7.317531704,8.117637863,3.6,4.3,6.8 2020-01-01,7.340605502,8.226447239,3.5,4.3,6.9 2020-02-01,7.412421509,8.330406974,3.5,4.3,7 2020-03-01,8.164397869,9.352937243,4.4,5.2,8.8 2020-04-01,15.533401,17.80170329,14.7,16,22.9 2020-05-01,14.31303248,16.43008269,13.2,14.5,21.2 2020-06-01,12.55069066,14.26711264,11,12.4,18 2020-07-01,11.96342094,13.50988483,10.2,11.3,16.5 2020-08-01,10.66875758,12.03324719,8.4,9.6,14.3 2020-09-01,10.40241538,11.49956798,7.9,9,12.8 2020-10-01,9.37651032,10.5687414,6.9,8,12.1 2020-11-01,9.302714521,10.50942291,6.7,7.9,12 2020-12-01,9.254185823,10.4280867,6.7,8,11.7 2021-01-01,8.900464771,10.10973898,6.4,7.5,11.1 2021-02-01,8.981955518,10.24320927,6.2,7.3,11.1 2021-03-01,8.808306852,10.02010191,6,7.1,10.7 2021-04-01,8.792523335,9.891945712,6,7.1,10.3 2021-05-01,8.736354013,9.767017821,5.8,6.9,10.1 2021-06-01,8.608724443,9.490622732,5.9,7,9.8 2021-07-01,8.424725616,9.231148557,5.4,6.5,9.2 2021-08-01,8.215843466,8.991423549,5.2,6.1,8.8 2021-09-01,8.127484812,8.869368768,4.7,5.8,8.5 2021-10-01,8.001048944,8.746521996,4.6,5.5,8.2 2021-11-01,7.800372977,8.551155486,4.2,5.1,7.7 2021-12-01,7.642230444,8.396313381,3.9,4.9,7.3 2022-01-01,7.725505623,8.524084092,4,4.9,7.1 2022-02-01,7.63493007,8.516728272,3.8,4.7,7.2 2022-03-01,7.591575196,8.476974906,3.6,4.4,6.9 2022-04-01,7.598179372,8.446656693,3.6,4.6,7
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.
This series of interactive maps showcases the differences in demographic and economic indicators across the rural-urban landscape of the Fifth District.