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About Us
We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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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.

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Banking & Supervision
We help ensure our financial system is operating safely and effectively, and we help support secure and efficient methods to transfer your funds through our financial system.
Education
We work with teachers, students and the public to enhance understanding of economics, personal finance and the Federal Reserve.

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Community Development
We work with community partners to identify and address economic challenges and opportunities in low- and moderate-income communities in the Fifth District.

Data & Analysis: National Economy

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Our staff economists regularly monitor the national economy, helping the Richmond Fed grasp current conditions and their implications for monetary policy.

National Economic Indicators

These charts and tables contain the latest economic data gathered by the Richmond Fed's Research Department. This information is updated weekly.

Hornstein-Kudlyak-Lange Non-Employment Index

The Non-Employment Index is an alternative to the standard unemployment rate that includes all non-employed individuals and accounts for persistent differences in their labor market attachment. The index is updated monthly after the Basic Monthly CPS microdata release, which takes place about two weeks after the monthly BLS Employment Summary release that includes the unemployment rate.

Bailout Barometer™

The Richmond Fed's estimate of the liabilities of the financial system that are subject to explicit or implicit protection from loss by the federal government. This protection may encourage risk taking, making financial crises and bailouts more likely.

Lubik-Matthes Natural Rate of Interest

The natural rate of interest is a hypothetical interest rate that is consistent with economic and price stability. There are various estimates of the natural rate in the economics literature, each making certain assumptions about economic interactions. Using a method developed by two Richmond Fed economists, the natural rate is estimated quarterly.

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