Economic Research and Data
Features
- Fourth District Employment Conditions
- The District’s unemployment rose 0. 1 percent to 10.8 percent for the month of December. Since this same time last year, the Fourth District unemployment rate has increased by 3.1 percentage points and the national unemployment rate has increased and 2.8 percentage points. Read more
- Real GDP: Fourth-Quarter 2009 Advance Estimate
- GDP had its strongest quarter in more than six years, coming in above the majority of analysts’ estimates. However, the Blue Chip consensus forecast matches the overwhelming concern that a recovery from the current recession will be a slow one. Growth through 2010 should reflect such a return, as forecasters are predicting growth rates closer to the long-run average in all four quarters of the year. Read more
- A Sign of Normalization
- During the recent financial turmoil, the Federal Reserve created several emergency credit facilities to address the extreme demands for liquidity. Several of these facilities involved lending to institutions outside the set of those permitted by the Federal Reserve Act in normal circumstances. Four of the Federal Reserve’s new credit facilities—AMLF, CPFF, PDCF and TSLF—were allowed to expire on February 1. Read more