While we have a broad research agenda, the Richmond Fed focuses on these key areas of economic study:
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:
Service Sector Strengthened; Wage Growth Became More Widespread While Hiring Was Restrained
Manufacturing Sector Activity Still Soft in September; Employment Index at 36-Month Low
Reports on the Fifth District economy were somewhat mixed in recent months. The labor market continued to strengthen; however, business conditions softened slightly and housing market indicators were mixed.
Manufacturing accounted for 9.6 percent of total private sector employment and 11.8 percent of total output in the Fifth District in 2015. What kind of things are produced in the District? Where? And what are the values of those goods?
Virginia gained jobs at a brisk pace during 2015, but the pace slowed during the first five months of 2016 and has only recently picked up again. Employment growth by industry and by metro area varies substantially.
Cover Story: Will America Get a Raise?
Economists debate why wage growth has been so sluggish during the recovery from the Great Recession