Simulations using a Phillips curve-type relationship provide insights into the importance of demand versus supply for ...

Last fall, we released a paper tracking homebuying behavior through the pandemic and post-pandemic period. We found that, despite pandemic headwinds and a reduction in housing inventories, many types ...

Community Engagement and Analysis works to understand the economic experiences of lower-income households and communities to help build a stronger economy for all Americans. ENGAGE: We engage our ...

Download PDF (pdf, 1.0 mb) Download Chart Data (Excel document, 130 kb) Summary The 2019 Diary of Consumer Payment Choice (Diary) highlights findings from the fifth Diary study conducted by the ...

The results suggest that future changes in climate will increase exposure to extreme heat for outdoor workers in the United States. The number of days above 25°C for these workers rises substantially ...

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market ...

The overall pattern masks substantial variation across our four racial and ethnic groups. Figure 2 shows that the college wage premium is especially large for Asian workers, with college graduates ...

Labor force participation in the United States has dropped a percentage point since the pandemic began. Analyzing how participation has evolved for various groups of the population suggests that more ...

Immigrants contribute a large portion of the growth in the U.S. population and labor force. However, immigration flows into the United States slowed significantly following immigration policy changes ...

Monetary policy is often regarded as having only temporary effects on the economy, moderating the expansions and contractions that make up the business cycle. However, it is possible for monetary ...

Employment growth has consistently come in above pre-pandemic estimates of the rate needed for unemployment to stay near its long-run natural rate. Even so, unemployment has held steady, which raises ...