Federal Reserve Bank of Richmond

Join the Richmond Fed as a DEI Program Coordinator! In this role, you’ll work to create an environment where people feel respected, valued, engaged and appreciated. You'll also lead our Employee Resource Networks (ERNs) program and play a key role in DEI initiatives and reporting. Join the team and be a part of a culture that welcomes differences, cares about our communities and empowers each other to lead from where we are to make things better. Learn more about this role and apply here: https://bit.ly/3WfO68v #FindYourFedCareer #Hiring #Apply

Our 10- to 12-week summer internship program is the perfect opportunity for students to gain hands-on experience. Interns complete tasks or a project designed to give them a broad understanding of one of the Richmond Fed’s business or job areas, like Human Resources, Supervision and Regulation, or Information Systems. In addition to hands-on experience, interns are also provided with networking opportunities to meet people from various areas of the Bank. For example, our interns got a chance to meet and bowl with First Vice President and COO Becky Bareford. During this event, they were able to catch up with each other, talk about what they’re doing in their departments and connect with Becky! Learn more about our internship program here: https://bit.ly/3WQsFbA #MyRichmondFed #RichmondFedInterns #FindYourFedCareer

Interested in applying to participate in the 2025 Community Investment Training program? This initiative helps train community leaders across the Fifth District to develop investment-ready community and economic projects. Plan to attend our virtual Q&A session Tuesday, July 9, 1-2 p.m. to get information including application requirements and details on the curriculum. Register here: https://bit.ly/4cw4SpF

Laura Ullrich, a regional economist, revisits the looming Free Application for Federal Student Aid (FAFSA) crisis caused by a combination of factors, including delays in the rollout of the new FAFSA form. Now that the enrollment deadline has passed for almost all four-year institutions in the United States, as of June 7, FAFSA completions for high school seniors remained 12.8% below levels from the same date last year. What does this mean for community colleges in the Fifth District? Learn more in this Community College Insights, our blog that explores the economic impacts of community colleges: https://bit.ly/4eAnPsy #CommunityCollegeInsights #CommunityColleges #FAFSA

Although many rural counties in the Fifth District have experienced population growth since 2020, total population has shrunk in rural areas. Has the rural labor supply fared better since the COVID-19 pandemic? Adam Scavette, a regional economist, explores how changes in total population, out-of-the-labor-force population, and unemployment explain employment growth across the Fifth District’s rural counties. Learn more in this Regional Matters, posts that examine local, regional and national data that matter to the Fifth District economy and our communities: https://bit.ly/4clW05K #RegionalMatters #Rural #Employment #LaborMarket

In his recent speech, delivered at the Global Interdependence Center Conference with the Banque de France, President Tom Barkin explored why it has been particularly challenging to predict the path of the economy over the last few years. Read his full remarks here: https://bit.ly/3L2PuFa.

Each year, the Richmond Fed welcomes interns from across the country, and this year, our summer interns joined us from more than 20 colleges and universities! To celebrate the rich diversity of educational backgrounds among interns and within our Bank, colleagues participated in Intern Spirit Day! Do you see your school or alma mater represented? #RichmondFedInterns #MyRichmondFed #FindYourFedCareer

In honor of Pride Month, our PRISM (Pride, Respect, Inclusion, Safe and Mutual support) employee resource network and colleagues across the District came together to show support and solidarity for the LGTBQ community. Its annual hybrid Human Pride Banner gives our employees an opportunity to recognize and celebrate the strides toward inclusion for our colleagues and the continued work happening outside of our buildings. #Pride #MyRichmondFed #FindYourFedCareer

The stock market is way up, and households know it. The May 2024 Surveys of Consumers conducted by the University of Michigan found that the current market value of the median stock-owning household’s investments has jumped to a record high of $160,124. What could be behind the recent rise? John O’Trakoun, a senior policy economist, discusses three possible causes in the latest Macro Minute, the Richmond Fed’s weekly blog that explores the numbers behind the headlines on the national economy. Read more here: https://bit.ly/4c2C9IT #MacroMinute #EconomicGrowth #Households

Despite a net gain of 272,000 jobs in May, there is an enormous amount of churn in the labor market: Millions of workers gain new jobs (new hires), and millions lose or leave their jobs (involuntary/voluntary separations) in any given month. Last month, the Richmond Fed’s monthly business surveys asked Fifth District businesses about how their employment, hiring, and separations have changed. In this Regional Matters, posts that examine local, regional and national data, economist Sonya Waddell highlights the survey findings, including that respondent firms that are and expect to increase employment are also those that have high levels of hiring relative to what they might consider “normal.” Learn more here: https://bit.ly/3xfPZIE