Federal Reserve Bank of St. Louis

This Flash Report looks at how people moving into and out of the labor force affected the headline unemployment rate released in today’s jobs report. Check out the highlights and read the full analysis to learn what these moves mean for overall U.S. labor market conditions: https://ow.ly/xtsM50Ve56u -Unemployment rose from 4.0% in January to 4.1% in February. -More job separations and fewer people finding jobs drove the uptick. -Employment conditions nevertheless remain historically robust.

The St. Louis Fed is constantly listening to those we serve across the Eighth District while we work toward a strong and resilient economy for all. Here, Amanda Geiger, senior economic education specialist at the St. Louis Fed, discusses her experience creating economic education materials for teachers and students: https://ow.ly/bfKV50Vcejb #stlouisfed #EighthDistrict #TeachEcon #FedEconEd #YourFedYourVoice

How is current economic activity in the Eighth Federal Reserve District (St. Louis Fed), which covers all of Arkansas, most of Missouri, and parts of Illinois, Indiana, Kentucky, Mississippi and Tennessee? Learn more about the performance of the District’s key economic sectors in the Federal Reserve’s latest Beige Book: https://ow.ly/u1zw50VbhZp See a national summary and highlights from all 12 Federal Reserve districts: https://ow.ly/huBB50VbhZo

How prevalent are workers who hold more than one job, and how have their labor market outcomes changed over the past 30 years? Serdar Birinci and Carlos Garriga of the St. Louis Fed look at the state of “overemployment” and the characteristics of those who hold multiple jobs: https://ow.ly/TyIv50VahIn #Economics #Employment #LaborMarket

St. Louis Fed President Alberto Musalem shared his views on the U.S. economy and monetary policy at the National Association for Business Economics (NABE) Economic Policy Conference on March 3. He gave a speech and also participated in a moderated Q&A during the event in Washington, D.C. Read his prepared remarks: https://ow.ly/c9fA50V9AaJ

Difficulty finding affordable homes isn’t the only housing issue faced by families with low and moderate incomes. Living in a home that has deteriorated can affect health and present another affordability issue: Paying for repairs. University of Missouri–St. Louis professor Todd Swanstrom, a speaker at our upcoming March 13 symposium on home repair, discusses research on housing deterioration and how some programs have started to address the issue. The Q&A is on our blog: https://ow.ly/NOOv50V6lMb

How much time could generative #AI save U.S. #workers? And how might that translate into overall productivity gains? Dissecting a recent survey, St. Louis Fed economist Alexander Bick and his co-authors find that U.S. workers using this new technology reported saving an estimated 5.4% of their work hours. This suggests a 1.1% increase in productivity for the entire workforce. Read the analysis: https://ow.ly/KI8650V7ZSM #economy #productivity #innovation

Fox2News’ Studio STL featured our #Economy Museum’s exhibits, interactive games, gold bar, and the many free personal finance and economic teaching resources the St. Louis Fed offers: https://ow.ly/uYyQ50V74BH. Check out the video: https://ow.ly/9knA50V74BG

Here’s a roundup🔍 of the latest economic research and data from the St. Louis Fed: ➡️“Why Are Illiquid Households Affected More by Inflation?” – Unexpected inflation can affect households in different ways, depending on the mix of assets and liabilities they own. How does access to credit also affect inflation’s impact on households? Economist Yu-Ting Chiang and research associate Mikolaj Dueholm examine this question: https://ow.ly/Xu4V50V6y8P ➡️“How Did U.S. Teenagers Benefit from Holiday Employment?” – The employment-to-population ratio for U.S. teenagers, many of whom work in retail and leisure and hospitality sectors, has been falling as labor markets loosen. How much job growth over the holiday season would these industries have needed to reverse teen employment declines? Economist William Rodgers studies the issue: https://ow.ly/mWhl50V6y9z ➡️“The Evolution of Global FDI: Patterns of Investment in Tax Havens and China” – Two interesting patterns have emerged amid a rapid, global rise in firms’ foreign direct investment: China has become an increasingly popular destination for foreign investors, while foreign investments in tax havens have stagnated. Economist Ana Maria Santacreu and research associate Ashley Stewart investigate: https://ow.ly/uM8T50V6yaV ➡️“Is California Losing Its Dominance in the Film Industry?” – In 1999, half of all employment in motion pictures and sound recording was in California. At the end of 2024, that share was down to 25%. See the FRED Blog for more data and discussion on the industry to learn where things stand: https://ow.ly/Nmyx50V6ybH ➡️“The National Longitudinal Study of Youth 1979” – Economist Alex Bick and co-authors assess the National Longitudinal Study of Youth, which has surveyed the same group of residents since 1979. They find the survey, cohort and data still effectively measure key labor market outcomes: https://ow.ly/x5VI50V6ye4 View more research at stlouisfed.org.

The St. Louis Fed is proud to announce the appointment of Daniel Binder, CFA, senior vice president and global treasurer of Walmart Inc. in Bentonville Ark., to our Little Rock Branch board of directors. Congratulations, Dan! Our #StLouis, #LittleRock, #Louisville and #Memphis boards help the St. Louis Fed better understand #economic conditions affecting businesses and communities in the region we serve. Learn more: https://ow.ly/QZmm50V5KGU