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Regional Economic Briefing in Memphis

The St. Louis Fed hosted its annual Regional Economic Briefing in Memphis, Tennessee. This year's event featured a national economic outlook and focus on the role of startups, STEM jobs, and the technology sector in reshaping the regional economy.

Last updated: 10-23-2017

Eighth District Beige Book Update

Reports from contacts suggest economic conditions have continued to improve at a modest pace since our previous report. Labor markets remain tight, with positions remaining unfilled; employment was little changed. Contacts report moderate growth in wages, while broader price pressures remain modest. Reports on consumer spending improved since our previous report, although reports from auto dealers remain mixed. The District continues to see relatively stronger growth in both the manufacturing and banking sectors, although growth in both sectors has decelerated somewhat since the beginning of the year.

Last updated: 10-18-2017

Living Standards in St. Louis and the Eighth Federal Reserve District: Let’s Get Real

Despite slow economic growth recently, living standards are relatively high in the St. Louis metropolitan statistical area (MSA). For example, the St. Louis MSA ranks in the top 6 percent of MSAs based on real per capita personal income and in the top 16 percent based on real median household income.

Last updated: 10-05-2017

How Precise Are Local Unemployment Rates?

Many gauge the health of local labor markets based on the difference between the local and national unemployment rates. What is often overlooked is that these rates, statistically speaking, often could be the same.

Last updated: 09-28-2017

The Evolution of St. Louis’s Wage Distribution

Rebecca Cowin and Charles Gascon found there is less wage inequality in the St. Louis MSA than in the nation.

Last updated: 09-26-2017

Real Gross Domestic Product by Metro Area Released

2016 real gross domestic product (GDP) data for the 382 metro areas in the United States was released last week. Real GDP increased in 14 of the 20 metro areas in the Eighth Federal Reserve District.

Last updated: 09-22-2017

Challenges and Opportunities Facing the Manufacturing Sector: A National and Local Perspective.

The St. Louis Fed hosted our annual Regional Economic Briefing.  This year's event was titled Challenges and Opportunities Facing the Manufacturing Sector: A National and Local Perspective.




Last updated: 09-07-2017

District Overview: Startups Create Many Jobs, but They Often Don't Last

Millions of jobs have been created since the previous recession ended. From 2011 to 2014 alone, the U.S. economy added about 2.5 million jobs per year. Much of this job growth has come from the formation of new businesses (i.e., startups) and their initial growth. We look closely at how firms of different ages contributed to the net growth in jobs between 2011 and 2014—on the national level and within the four largest metropolitan statistical areas (MSAs) in the Eighth District: St. Louis, Missouri; Little Rock, Arkansas; Louisville, Kentucky; and Memphis, Tennessee.

Last updated: 08-30-2017

Eighth District Dashboards

Find out where to get the latest economic data on the Eighth District states and metro areas.

Last updated: 09-08-2017

Coal's Future Looks Uncertain as Rival Fuels Grow

The outlook for coal, which once was the dominant fuel for electricity generation, is waning. This article analyzes the coal industry both nationally and within our region (the states that make up the Eighth Federal Reserve District) and ponders its future as a source of both electricity and jobs.

Last updated: 08-30-2017

Agricultural Finance Monitor Update

According to the latest survey of agricultural bankers in the Eighth Federal Reserve District, farm income during the second quarter of 2017 declined relative to the second quarter of last year. Respondents have consistently reported lower year-over-year levels of income since the fourth quarter of 2013. This period correlates with an extended period of declining prices for commodities. Both survey results and comments from bankers indicate the long-term effect has had a negative impact on the financial condition of their borrowers.

Who'd Be Most Affected by a Local Minimum Wage?

Charles Gascon and James D. Eubanks examined the impact of a citywide minimum wage and found that it would affect residents across the income spectrum and throughout the entire metropolitan area.

How the Cost of Living Differs Across States and Cities

Regional price parities show higher costs and lower purchasing power on the coasts.

How Is Employment Really Faring in the Eighth District?

Current estimates indicate that employment in the state of Missouri grew at a brisk annualized rate of 2.9 percent in the fourth quarter of 2016 before slowing down during the first five months of 2017.

Growth in Tech Sector Returns to Glory Days

Over the past 25 years, the U.S. economy has undergone a profound technological revolution, characterized as a “palpable historic change” by former Federal Reserve Chairman Alan Greenspan.

Will the Gender Pay Gap Keep Shrinking?

In the past 30 years, we’ve seen the gender earnings gap narrow 17 percentage points. Do the trends indicate it will take another 30 years for the gap to shrink another 17 percentage points?

Is a Bubble Brewing in the Multifamily Housing Market?

Of all major commercial real estate categories, the multifamily market has strengthened the most since the past recession. Is a bubble brewing? And how does the Eighth Federal Reserve District compare with the nation?

Why Are More Young Adults Still Living at Home?

Nationally, nearly half of 25-year-olds lived with their parents in 2012-2013, up from just over a quarter in 1999. A recent article in The Regional Economist examined statistics and reviewed some of the literature on millennials moving back home.

Quarterly Debt Monitor Update

U.S. real per capita auto debt continued to rise in the last three months of 2016, although at a slower pace. Meanwhile, consumers faced greater difficulties in repaying car loans, according to the latest issue of The Quarterly Debt Monitor.

The Growing Skill Divide in the U.S. Labor Market

Maximiliano Dvorkin and Hannah Shell examine the dynamics of job polarization in the Eighth District and compare them with national trends.

March Means Employment Data Revisions

Why are St. Louis employment numbers revised every March?

Housing Market Conditions Update

See this quarter’s overview of housing market conditions in each of the seven states that comprise the Federal Reserve's Eighth District and the metropolitan statistical areas (MSA) of Little Rock, Louisville, Memphis, and St. Louis.

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