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Regional Matters

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These posts examine local, regional and national data that matter to the Fifth District economy and our communities.

March 24, 2020

On March 13, 2020, the President declared a national state of emergency and by March 16, every state and the District of Columbia had declared states of emergency, all due to the rapid escalation of positive cases of COVID-19. However, Fifth District firms were reporting impacts from the virus before the emergency declarations and the initiation of social distancing mandates in states and localities across the country.

Joseph Mengedoth and Sonya Ravindranath Waddell

March 5, 2020

The Crooked Road trail celebrates the cultural history of Appalachian music and arts. In 2015, it was estimated to bring $6.4 million in tourism spending to the region annually and continues to promote growth in southwest Virginia’s tourism industry today.

Roisin McCord

February 26, 2020

Explore how payroll employment growth in Maryland has differed from the nation since the Great Recession in this Regional Matters article.

February 13, 2020

According to the U.S. Census Bureau, 27.7 percent of individuals worked outside their county of residence in 2018. This Regional Matters article presents data on commute times and asks: how do commute times differ for residents of rural and urban counties in the Fifth District?

Jacob Crouse

January 29, 2020

College attainment differs greatly between Fifth District counties, as do unemployment rates and earnings by education level from state to state.

Surekha Carpenter

December 19, 2019

Investment by community development financial institutions (CDFIs) varies by county and between urban and rural areas. Are these variations driven by differences between urban and rural CDFIs in the U.S. and the Fifth District?

Emily Wavering Corcoran

December 13, 2019

A special survey on hiring and wages, conducted in November, showed that a majority of Fifth District firms expect to hire or hold payrolls steady and plan to use wage increases to attract and retain workers over the next twelve months.

Joseph Mengedoth

November 7, 2019

Young adults are buying houses at lower rates than in previous generations. In the Fifth District, the gap between young and older adult homeownership rates is particularly high in rural counties. What is behind this trend?

Sam Storey

October 29, 2019

The Richmond Fed conducts monthly surveys of business conditions. The information collected are aggregated and combined into several individual diffusion indices. But what kind of information do diffusion indices reveal?

October 2, 2019

Since 2005, 155 hospitals in rural America have closed. Eighteen of those closures were in the Fifth Federal Reserve District. Why do we see hospitals in rural areas closing at a higher rate than at any time since the mid-1980s?

Emily Wavering Corcoran

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Joseph Mengedoth (804) 697-2860