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Regional Matters

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These articles provide an in-depth look at regional and national economic trends that matter to the Fifth District. Updates will be published several times a month.

April 20, 2018

Payroll Revisions in the Fifth District

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.

Michael Stanley

March 23, 2018

Through the Looking Glass: South Carolina's Labor Market Recovery

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.

February 28, 2018

New Indexes in Monthly Business Surveys

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?

Roisin McCord

February 20, 2018

Update: Educational Attainment in the Fifth District

In 2016, every Fifth District jurisdiction, along with the nation, saw an increase in the share of the over-25 population with a bachelor’s degree or higher. What else changed since 2015?

Joseph Mengedoth

January 19, 2018

What's Up With Housing?

Ten years after the housing market collapse, activity in the single-family market remains somewhat subdued. Despite rising prices and low inventories, single-family construction has increased very gradually. Are there impediments to new housing supply?

December 21, 2017

Fifth District Businesses Surveyed on Employment and Wages

A November 2017 survey of Fifth District businesses found that most firms plan on increasing hiring in the next year as well as raising wages to attract and retain workers, though not for all positions.

Michael Stanley

December 15, 2017

Eastern North Carolina Businesses Weigh In On Labor Challenges

Payroll employment growth in eastern North Carolina has been more sluggish than in other parts of the state, on the whole, for the last several years. To learn more about why, the Federal Reserve Bank of Richmond worked with NCEast Alliance to facilitate a business and industry roundtable meeting in late October.

November 8, 2017

Fifth District Businesses Report on Hurricane Impacts

For the most part, the effects of Hurricanes Harvey and Irma on Fifth District firms were indirect and negative, although there were some businesses that reported positive economic impacts.

Jeannette Plamp

October 18, 2017

A Tale of Three Cities: Richmond, Charlotte, and Baltimore

The Fifth District economy – like the U.S. economy – is increasingly driven by urban areas. How can we start to understand the existence, growth, and decline of cities in the context of Richmond, Va., Charlotte, N.C., and Baltimore, Md.?

October 3, 2017

The Hispanic Population in the Fifth District: Growing and Working

National Hispanic Heritage Month, which started on Sept. 15 and continues through Oct. 15, is a time to celebrate the culture, history, and accomplishments of American citizens who trace their ancestors to Spain, Mexico, the Caribbean, and Central and South America. The Hispanic population in the Fifth District is significant and is growing, but a look at labor market indicators provides some insight on the disparity in outcomes for the Hispanic population relative to the population overall.

Contact Us

Joseph Mengedoth
(804) 697-2860

Sonya Ravindranath Waddell
Director of Regional Economics
(804) 697-2694