Regional Matters
These posts examine local, regional and national data that matter to the Fifth District economy and our communities.
While the majority of businesses surveyed have suffered some negative effects and loss of revenue as result of the COVID-19 crisis, most firms remained open and operating, at least partially, when surveyed.
As part of the U.S. response to COVID-19, unemployment insurance recipients are receiving increased weekly payments. For many individuals in the Fifth District, these enhanced unemployment benefits are greater than the wages they earned while at work.
The measures taken to slow the spread of COVID-19 have not only led to a sharp decline in employment and an unprecedented rise in unemployment but have negatively impacted state and local governments that depend on income and sales taxes as primary sources of revenue.
Federal, state, and local government financial support for consumers in response to COVID-19 is widespread, but not universal. Who’s left out from existing governmental support programs?
Over the past several weeks, social distancing and shutdowns have impacted our economy. Fifth District firms continued to tell us how COVID-19 has affected their business operations in recent surveys.
Having enough hospital capacity to treat critical patients has been a major concern during the COVID-19 outbreak. What does hospital capacity look like in the Fifth Federal Reserve District, and how might rural hospital closings impact the current crisis?
How many COVID-19 cases will there be in the coming days and months? While the Fifth District appears to be past the peak number of daily cases, a wide range of future outcomes is still possible.
Small-business lenders are on the front lines of financial support for small businesses through the COVID-19 pandemic. What are these lenders experiencing right now, and how are they working to support small businesses?
In recent weeks, unemployment insurance claims have hit record numbers. But what exactly do unemployment insurance programs cover? And what roles do states play?
Over the course of three weeks (from March 15 to April 4), more than 360,000 Virginians filed for unemployment. What does this mean for other employment measures and where might we see Virginia's unemployment rate go?
