The COVID-19 pandemic upended housing markets. This blog post launches an interactive chart that accompanies our research paper on pandemic homebuyers.

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

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 ...

How much has excess demand contributed to inflation recently? Next, we use our estimates of the causal effects of tightness, or excess demand, on inflation to help understand the recent evolution of ...

Download Chart Data (CSV, 2 KB) Notes: 30-minute changes in interest rates around FOMC announcements, using futures rates covering a horizon of four quarters following the announcement. Surprises are ...

Wildfires have been a concern in California for decades. The intensity of these events has increased recently, with particularly large and destructive fire seasons between 2018 and 2021. Analysis ...

Internal migration has been cited as a key channel by which societies will adapt to climate change. We show in this paper that this process has already been happening in the United States. Over the ...

The Congressional Budget Office recently raised its demographic projections for net U.S. immigration. Most of the increase in the projections came from undocumented immigrants. Updating the CBO ...

Note: This data page will no longer be updated. The latest estimates of pandemic-era excess savings are as of September 2024. Past data will continue to be available on this site. Pandemic-Era Excess ...

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 ...

The Federal Reserve tightened monetary policy rapidly between 2021 and 2023. In addition, a weekly proxy federal funds rate shows that markets perceived the policy stance as tightening significantly ...

Looking at the top of the red dots, you can see that in the aftermath of pandemic lockdowns, firms posted historically large numbers of job vacancies. Firms were scrambling, if you remember, trying to ...