Regional Matters

In June 2018, the Richmond Fed asked its survey participants about the expected impacts of the tariffs imposed on imported steel and aluminum. While about half of the firms surveyed expected negative impacts to their own businesses and to the U.S. economy, there was a good portion of firms that believed the tariffs would be good for the overall U.S. economy, even if their firms would not directly benefit.

Ride-sharing services, such as Uber and Lyft, have become a force to be reckoned with in the taxi industry. While these services have run into regulatory spats with government agencies and continue to deal with company image issues, they have grown markedly, particularly in and around the Washington, D.C., metro area.

Natural gas production has experienced tremendous growth over the last decade in the U.S. and West Virginia and continues to grow. In West Virginia, six new pipeline projects have been proposed. How will these pipelines service the natural gas market, and how long until they are in service? What has the impact been on job growth and wages?

In April, we surveyed firms about their adoption of technology and how it might translate into prices and employment in the next few years. Most firms reported adopting new technology, although many did not anticipate the technology to notably impact their pricing or employment decisions.

Charlotte, N.C., has the most diverse industrial mix of any Fifth District city, while Bennettsville, S.C., is the least diverse. This post explores the forces that lead to industry diversity in cities.

Revised employment data show fewer jobs added in the Fifth District than originally reported. By December 2017 (the most recent month revised), total employment was revised lower by 75,300 jobs or 0.5 percent.

December 2017 marked the 10-year anniversary of the start of the economic downturn which would ultimately evolve into the Great Recession. As bad as the Great Recession was nationally, South Carolina's descent into the trough was steeper. And its recovery has been more impressive, particularly in the Charleston and Upstate regions.

Beginning with the release of our February 2018 survey results, we began to report a few new variables in our Fifth District Survey of Manufacturing Activity and Fifth District Survey of Service Sector Activity. What are they and what can they tell us?