Inflation still lies somewhat above the Federal Reserve’s 2% goal after slowing significantly since its spring 2022 peak.

U.S. labor productivity initially surged in 2020 during the COVID-19 pandemic, despite the massive economic upheaval. As the economy recovered, the level of productivity retreated to its slow ...

Watch our Economic Letter video with Adam Shapiro, Vice President, Economic Research, to learn more about our measurements of ...

U.S. net international migration (NIM) grew at historically high rates over the past several years. An update of earlier San Francisco Fed analysis (Duzhak 2024), using new and revised data on the ...

Regional data provide indicators measuring characteristics of the dual mandate across the nation. This page provides data on labor market conditions, prices, and earnings for the 50 states and the ...

This SF Fed Blog updates estimates first published in our FRBSF Economic Letter “Recent Spike in Immigration and Easing Labor Markets by economist Evgeniya Duzhak. The Federal Reserve Bank of San ...

Keeping a stable and moderate level of inflation is important for a healthy economy. Therefore, there is value in understanding not only how overall inflation is evolving but what is driving it.

Understanding how inflation is evolving and what is driving it requires looking beyond the headline number. To get a fuller picture of this evolution using the consumer price index, the SF Fed has ...