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

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

President Daly joined co-anchors Morgan Brennan and Jon Fortt and senior economics reporter Steve Liesman on Closing Bell: Overtime to discuss the state of the economy, inflation, and more. “I ...

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 ...

Inflation still lies somewhat above the Federal Reserve’s 2% goal after slowing significantly since its spring 2022 peak. Analysis shows that two labor market indicators—the ratios of job vacancies to ...

Opinions expressed in FRBSF Economic Letter do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve ...

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 ...

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 ...

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 ...

The decline in inflation owes to many factors, including improvements in supply chains, productivity, and labor force growth.3 Indeed, research by the San Francisco Fed shows that these supply factors ...