Economic activity in the Twelfth District slowed slightly during the January through mid-February reporting period. Overall ...

AI adoption and use are still evolving, and the technology itself is changing rapidly. What we know about AI and its impact ...

The Weather-Adjusted Employment Change data page provides estimates of monthly weather-adjusted employment changes in the United States. Starting with the official Bureau of Labor Statistics (BLS) ...

Recessions are periods where the labor market deteriorates rapidly. Supporting business conditions to prevent such deterioration is a core objective of policymakers. In this paper we construct a labor ...

This site presents a real-time, quarterly series on total factor productivity (TFP) for the U.S. business sector, adjusted for variations in factor utilization – labor effort and capital’s workweek.

Economic activity in the Twelfth District slowed slightly during the January through mid-February reporting period. Overall employment levels were stable on net, but there were reports of layoffs in ...

The fraction of men working in the United States has declined consistently since the 1950s. This has contributed to slower labor force growth and resulted in considerable gaps between labor force ...

In the past two decades, a number of banks joined global initiatives aimed at mitigating climate change by “greening” their asset portfolios. We study whether banks that made such commitments have ...

We document evidence of a U-shaped relationship between financial development and the adjustments of foreign exchange (FX) reserve holdings in response to a U.S. interest rate increase. Countries with ...

Mark M. Spiegel, senior policy adviser at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of February 26, 2026.

The natural rate of interest is an elusive concept in theory and practice. However, it is essential for central banks’ calibration of the policy rate. Model consistent measures are often too extreme ...

Congratulations to our very own Òscar Jordà for being newly elected as a Fellow of the Econometric Society. This ...