State-level unemployment claims can provide a real-time measure of national labor market conditions and the overall state of ...

The growth suggests that the economy is in a reasonable place, but we also want to make sure that policy is in a place that ...

With the advent of generative AI (genAI), the potential scope of artificial intelligence has increased dramatically, but the future effect of genAI on productivity remains uncertain. The effect of the ...

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 ...

The 2023 Diary of Consumer Payment Choice finds that that 2020’s shift away from cash and toward credit card payments has continued. Consumers continued to reach for credit cards at a higher rate in ...

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 ...

Extreme heat decreases labor productivity in sectors like construction, where much work occurs outdoors. Because construction is an important component of investment, lost productivity today will slow ...

In its fifth iteration, the Diary of Consumer Payment Choice data show that cash continues to be used extensively for small-value purchases - representing nearly half of all payments under $10 and 42 ...

In its sixth iteration, the Diary of Consumer Payment Choice data show that consumers used cash for 26 percent of all payments, and that it is used for nearly 47 percent of payments under $10.

Climate change describes the current trend toward higher average global temperatures and accompanying environmental shifts such as rising sea levels and more severe storms, floods, droughts, and heat ...