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Analyzing when and why people enter and exit the labor force


A Labor Drought?

First Quarter 2023

Unemployment has dropped and is now basically at pre-pandemic levels. Yet labor force participation has been slow to return.

Tom Barkin
President and Chief Executive Officer


Are Supersized Wage Increases Over?

February 14, 2023

Some workers may continue to see larger than normal pay increases as wage differentials across sectors revert to their pre-pandemic norms. These increases, however, aren't distributed evenly across sectors.

Julian Kikuchi and John O'Trakoun

Blog Post

How are CDFIs Managing Pandemic-Related Disruptions?

December 22, 2022

Results from a recent national Fed survey show that community development financial institutions (CDFIs) and the communities they serve are facing less severe disruptions than last year. Still, staffing and other challenges are preventing CDFIs from fully meeting growing demand for their products and services.



The Pandemic-Era Teacher Shortage

Feb. 1, 2023

Sierra Latham and Sarah Gunn discuss the current shortage of teachers nationally and in the Fifth Federal Reserve District, how supply-demand forces have contributed to this labor market gap, and what is happening in response. Latham is a senior research analyst and Gunn is director of economic education at the Federal Reserve Bank of Richmond.


Navigating Tight Labor Markets

Jan. 4, 2023

Claudia Macaluso and Sonya Ravindranath Waddell discuss recent challenges in finding and retaining workers, and how businesses have changed their recruitment tactics, adjusted wages, and made other changes in response to these challenges. Macaluso is an economist and Waddell is a vice president and economist at the Federal Reserve Bank of Richmond.

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