JUST RELEASED: Today's manufacturing survey results show that #manufacturing activity in our District expanded in March: Link #ManuSurvey https://t.co/AkCmcKuVDp
Richmond Fed Tue 27 Apr 2021 14:05April 27, 2021
Fifth District manufacturing activity improved in April, according to the most recent survey from the Richmond Fed. The composite index held steady at 17, indicating continued growth, as all three component indexes — shipments, new orders, and employment — remained positive. Survey responses indicated supply constraints, with the backlog of orders and vendor lead time indexes registering historic highs. Meanwhile, inventories shrank as the indexes for inventories of finished goods and raw materials reached their lowest values on record. Manufacturers were optimistic that conditions would continue to improve in the coming months.
- Ángel Cabrera of @GeorgiaTech and Meredith Woo of @SweetBriaredu will speak at #DistrictDialogues on May 5. They will address the challenges at four-year institutions. Register to join us: Link https://t.co/egravi4Fxs Richmond Fed Mon 26 Apr 2021 19:44
College enrollment is down. We’ll talk with administrators and educators at community colleges and four-year schools about keeping students engaged in education and helping them find the path to the workforce that’s best for them.
- The 'After High School' #DistrictDialogues session on May 5 will feature a discussion between Janet Gullickson of @germannacc and Sarah Hemminger of @ThreadBaltimore on supporting students with wraparound services. Register: Link https://t.co/zqfajvTVvQ Richmond Fed Mon 26 Apr 2021 19:44
College enrollment is down. We’ll talk with administrators and educators at community colleges and four-year schools about keeping students engaged in education and helping them find the path to the workforce that’s best for them.
- On May 5, @HowardU President Wayne Frederick joins #DistrictDialogues to discuss #COVID19 and postsecondary education with regional economist Laura Ullrich. Register to join us: Link @HUPrez17 https://t.co/foxHHfSLZd Richmond Fed Mon 26 Apr 2021 19:44
College enrollment is down. We’ll talk with administrators and educators at community colleges and four-year schools about keeping students engaged in education and helping them find the path to the workforce that’s best for them.
- Existing single-family home sales in March fell to 5.30 million from February’s level of 5.54 million. The drop in sales comes among a historic rise in prices, as well as a tightening supply of existing homes: Link #EconTwitter https://t.co/IXXUxkxdMO Richmond Fed Mon 26 Apr 2021 17:44
Research staff regularly monitors the national economy, helping the Richmond Fed grasp current conditions and their implications for monetary policy. Updated weekly, the following data is part of the information presented during policy discussions and meetings with our board of directors.
- Our next #EveningWithTheFed webinar will be held on June 22. Regional economist Laura Ullrich will share research on the racial wealth gap. Educators, register now for this free professional development event: Link https://t.co/mwDnJsfpN4 Richmond Fed Mon 26 Apr 2021 15:34
A FREE professional development program for secondary and post-secondary educators presented by the Federal Reserve Bank of Richmond and the North and South Carolina Councils on Economic Education.
Educators are invited to attend this free, virtual professional development program to hear Laura Ullrich, Regional Economist at the Federal Reserve Bank of Richmond, provide research on the racial wealth gap. Attendees will receive classroom resources and teaching tools related to the topic.
- Congratulations are in order! Mike Stough, senior vice president of audit, was inducted into the @MaryWash School of Business Hall of Fame. Mike was selected by a committee of alumni and faculty for his achievements in accounting and continued engagement with the school. https://t.co/db4XvajR6Z Richmond Fed Mon 26 Apr 2021 13:44
- RT @FedReserveJobs: New #job opening @RichmondFed Summer 2021 Academic Research: Link. Richmond Fed Mon 26 Apr 2021 12:39
- Foster the safety of our systems! Come design, develop, manage and maintain our server Endpoint Detection and Response security tools and infrastructure in a hybrid cloud environment. #ApplyNow: Link #infosecjobs https://t.co/fcMBKscZmF Richmond Fed Thu 15 Apr 2021 15:26
- Hear about the latest results of #TheCFOsurvey in this week's #SpeakingOfTheEconomy podcast episode: Link ?? The conversation includes John Graham of @DukeFuqua, Brent Meyer of the @AtlantaFed and Sonya Waddell of the @RichmondFed. https://t.co/pYU7h5Wroj Richmond Fed Thu 15 Apr 2021 13:11
Hear the latest results of the CFO Survey and learn more about what makes the survey unique from three members of the team that produces it each quarter. Sonya Waddell is a vice president and economist at the Richmond Fed. She manages the Regional and Community Analysis team within the Research Department. Brent Meyer is a policy adviser and economist at the Federal Reserve Bank of Atlanta and leads the Bank's Economic Survey Research Center. John Graham is a finance professor at Duke University and is director of the CFO Survey.
- Public #schools receive funding from multiple sources. Nationwide, the majority of funding comes from state and local sources with only a small portion coming from the federal government. Last week's #DistrictDialogues discussed education finance in depth: Link https://t.co/3pTqjjSeCM Richmond Fed Wed 14 Apr 2021 20:10
State and local governments?play a critical role in funding and delivering K-12 education in the United States, but funding can vary from district to district, creating disparities that have been exacerbated by the pandemic.? Hear from economists, policy experts, and practitioners about how education finance has been impacted by the pandemic, the different types of decisions local leaders must make to deliver quality education to students, and how we can try to address issues of equity and disparities going forward.
- Truckers reported continued near-record high volumes. Shipments of home improvement goods and manufacturing inputs remained particularly high. Many companies were unable to meet demand, citing a lack of drivers and delays in orders of trailers. #BeigeBook Link https://t.co/rAp56j41Aq Richmond Fed Wed 14 Apr 2021 19:45This report was prepared at the Federal Reserve Bank of Dallas based on information collected on or before April 5, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
- Regional retailers saw moderate growth in demand and revenue, with increased shopper traffic, although some clothing retailers said many shoppers did not make purchases. Meanwhile, retailers of food and home goods saw especially high demand. #BeigeBook Link https://t.co/TAfqQ0shW7 Richmond Fed Wed 14 Apr 2021 19:20This report was prepared at the Federal Reserve Bank of Dallas based on information collected on or before April 5, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
- Ports continued to see robust shipping volume growth in our region. Growth of imports far exceeded growth of exports. Furniture, retail goods, and medical products drove much of the growth in imports, but auto imports weakened somewhat. #BeigeBook Link https://t.co/dFLEm8u5Ie Richmond Fed Wed 14 Apr 2021 18:55This report was prepared at the Federal Reserve Bank of Dallas based on information collected on or before April 5, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
- The economy in our region grew moderately in recent weeks, led by robust manufacturing growth, increased volume in shipping and trucking, and a pick up in travel and tourism. More in our new #BeigeBook report. Link https://t.co/qs89fV8Imk Richmond Fed Wed 14 Apr 2021 18:30This report was prepared at the Federal Reserve Bank of Dallas based on information collected on or before April 5, 2021. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
- Do you lead a #CDFI? Share your story in the 2021 #CDFIsurvey to help policymakers understand how your organization and community are faring: Link https://t.co/jZ273P4Uhg Richmond Fed Wed 14 Apr 2021 15:35
CDFIs play a central role in ongoing work towards an equitable economic recovery as they help consumers, small businesses and communities access funding. There continues to be an urgent need for comprehensive, up-to-date data on CDFIs. The Federal Reserve 2021 CDFI Survey is part of a continued effort to provide this information.
Are you a CDFI leader? Take the survey now.
Preview the survey.
The Fed and the CDFI Fund intend to use the survey data to inform research and future policymaking. The survey data will also provide important benchmark information on how CDFIs are faring in the COVID-19 crisis and how they are serving low-income and minority populations.
Learn more about the survey effort and submit a response for your CDFI today. The survey is open from March 22–April 23, and will take about 60 minutes to complete. We encourage participation from all CDFIs, regardless of certification status. Please be aware that only one response is...
- RT @RichmondFed: “The unique nature of the #COVID crisis highlighted these systemic and ongoing inequities, which are then exacerbated by t… Richmond Fed Tue 13 Apr 2021 20:39
- Dollars & Sense is a budgeting game for middle and high school students. Students select a lifestyle and budget for expenses and unexpected events. Check it out now: Link #FinancialLiteracyMonth https://t.co/TS9aYlj0Z0 Richmond Fed Tue 13 Apr 2021 17:59
Related Resources
To reinforce the concepts found in the game, check out these other Federal Reserve resources:
Meet Joe is a budgeting video from the Federal Reserve Bank of Richmond’s PSAs in the Classroom video series. This video covers the concept of budgeting and encourages students to plan before they spend, rather than spend before they plan. This video is a perfect pairing to the “Dollars & Sense” classroom activity.
Invest in What’s Next: Life After High School is an online mini-course developed by the Federal Reserve Banks of Richmond and San Francisco to help students navigate their first major financial decision: what path to pursue after high school. The course encourages students to explore multiple post-secondary education paths and job options and to think about how investing in their knowledge and skills may contribute to their future well-being.
Budgeting Basics is a lesson plan from the Federal Reserve Bank of...
- The Hornstein-Kudlyak-Lange Non-Employment Index was 8.7% in March, declining from February. The index was 0.6 percentage points higher compared to March 2020: Link https://t.co/0XMPieY5Lg Richmond Fed Tue 13 Apr 2021 15:34
Latest Reading
The Hornstein-Kudlyak-Lange Non-Employment Index (NEI) was 8.7 percent in March 2021, declining from February 2021. The index was 0.6 percentage points higher compared to March 2020. The NEI including workers who are part time for economic reasons (PTER) was 9.8 percent in March 2021, declining from the previous month. That index was 0.6 percentage points higher compared to the same month in 2020.
- Quarter 1 #TheCFOSurvey results show that expectations for revenue and employment growth in 2021 improved from last quarter. For more key findings: Link The CFO Survey is a partnership between @DukeFuqua, @RichmondFed and @AtlantaFed. https://t.co/bilekbF5QA Richmond Fed Tue 13 Apr 2021 12:49
- RT @RichmondFed: About 10% of @VanceCoSchools teachers are international #teachers. “I’m willing to do whatever is possible to make sure th… Richmond Fed Mon 12 Apr 2021 19:53
- Producer prices surged in March, increasing by 4.2% year over year. This increase marked the largest annual gain in nearly a decade: Link Our National Economic Indicators are updated weekly and part of the information presented during policy discussions. https://t.co/Muc4URQKfl Richmond Fed Mon 12 Apr 2021 18:38
Research staff regularly monitors the national economy, helping the Richmond Fed grasp current conditions and their implications for monetary policy. Updated weekly, the following data is part of the information presented during policy discussions and meetings with our board of directors.
- Total public #school enrollment fell in every jurisdiction in our District between Fall 2019 and Fall 2020. School funding depends on enrollment, which causes concern about what happens if this year’s drop in enrollment persists: Link #DistrictDialogues https://t.co/tGEfluBKbk Richmond Fed Mon 12 Apr 2021 17:18
State and local governments?play a critical role in funding and delivering K-12 education in the United States, but funding can vary from district to district, creating disparities that have been exacerbated by the pandemic.? Hear from economists, policy experts, and practitioners about how education finance has been impacted by the pandemic, the different types of decisions local leaders must make to deliver quality education to students, and how we can try to address issues of equity and disparities going forward.
- Paw-lease help us welcome our new #K9 Chuck, a German shepherd/Belgian Malinois mix! We're excited to have Chuck, who's described as 'smart, eager and energetic,' join our law enforcement team. #MyRichmondFed https://t.co/JKt4ZYBdtV Richmond Fed Mon 12 Apr 2021 14:53
- TOMORROW: In the next #RacismandtheEconomy event, @NYTimes reporter @JeannaSmialek will moderate a panel that will examine barriers that contribute to the underrepresentation of people of color in the economics profession: Link https://t.co/Tn5cG4feer Richmond Fed Mon 12 Apr 2021 12:23
April 13, 2021 12:00 p.m. – 3:30 p.m. ET | 11:00 a.m. – 2:30 p.m. CT Virtual video event presented by all 12 District Banks of the Federal Reserve System
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