Search Banking Research Events Education Region & Community Careers About Us Midwest Economy Blog Results 1 - 10 of 318 Page of Max Results from a Special Chicago Fed Survey of Business Conditions on Remote Work By May Tysinger, Thomas Walstrum August 24, 2021 At the onset of the Covid-19 pandemic, many workplaces in the U.S. were closed (either voluntarily or by government order) to limit the spread of the virus. Some of these workplaces, such as factories, reopened within a few months. Yet many other workplaces remained closed, and the vast majority of their employees continued to perform their tasks off-site. The... Read More As Vaccination Rates Improve, States with Large Leisure & Hospitality Sectors May Rebound Strongly By Martin Lavelle May 7, 2021 The recession and recovery resulting from the Covid-19 pandemic are unprecedented for a number of reasons. The abrupt, sharp drop in real GDP was larger than in any recession since the Great Depression. With the closure of non-essential businesses at the onset of the pandemic, the unemployment rate rose to never before seen levels. As non-essential businesses and secto... Read More How Much Has the Employment Response to the Covid-19 Pandemic Differed Across States? By Thomas Walstrum January 12, 2021 The Covid-19 pandemic has caused a worldwide economic downturn. While the decline in economic activity has been substantial everywhere, within the U.S., the magnitudes of both the initial downturn and ongoing recovery have varied by state. In this blog post, I review the employment experiences of U.S. states since the onset of the pandemic, and I pay special attention to states in the Federal... Read More Results from a Special Chicago Fed Survey of Business Conditions on the Impact of Covid-19 on Manufacturers By Jada Houser, Thomas Walstrum June 25, 2020 In late May 2020, the Federal Reserve Bank of Chicago collaborated with the Illinois Manufacturing Excellence Center (IMEC) and the Michigan Manufacturing Technology Center (MMTC) to conduct a survey on the impact of the Covid-19 pandemic on businesses affiliated with either of these two organizations. The survey was based on the methodology of the broader Chicago Fed Survey of Business Conditio... Read More Results from a Special Chicago Fed Survey of Business Conditions on the Impact of Covid-19 By Martin Lavelle, Thomas Walstrum May 26, 2020 Summary In late April, the Federal Reserve Bank of Chicago collaborated with the executive associations of the chambers of commerce in its five District states (Illinois, Indiana, Iowa, Michigan, and Wisconsin) to conduct a survey on the impact of the Covid-19 pandemic on chamber members’ businesses. This survey was based on the methodology of the broader Chicago Fed Survey of Business C... Read More Fourth Quarter 2019 Review—Seventh District Growth Remained Below Trend By Thomas Walstrum February 13, 2020 Summary Growth in the Seventh Federal Reserve District remained below trend in the fourth quarter of 2019 as activity in the manufacturing sector continued to be soft. Slow growth worldwide is one important source of manufacturing’s weakness. Overall, our business contacts expect the pace of growth for their firms to continue to be slow in 2020, and very few expect a steep drop in demand ... Read More The Role of Manufacturing in Explaining Employment Growth in the Midwest Since 2000 By Patrick Szurkowski, Thomas Walstrum February 03, 2020 Employment growth in the Midwest1 has been slow over the past 20 years. As figure 1 shows, since 2000, employment has gone up by just 3.3 percent in the Midwest, whereas it has risen by 21.5 percent in the rest of the U.S. The 2000s were particularly bad for the Midwest in terms of employment growth—employment in the region never fully recovered from the 2001 recession before the Great Recess... Read More Third Quarter 2019 Review—Growth Remained Moderately Below Trend By Thomas Walstrum November 15, 2019 Summary Growth in the Seventh Federal Reserve District remained moderately below trend in the third quarter of 2019 as activity in the manufacturing sector continued to be soft. There were signs, however, that the slowdown in growth we’ve experienced over the past year and a half has abated. And while our business contacts expect the economy to continue to grow slowly, they are not antic... Read More Has Chicago’s Employment Growth Accelerated? Probably Not By Thomas Walstrum October 17, 2019 The Chicago metro area’s employment growth rate appears to have accelerated over the past year according to recent federal government data. But is that really the case? In this post, I show that because the employment growth data are based on a survey of employers, the apparent acceleration is probably the result of sampling error—and likely to be revised away as additional data become availa... Read More Second Quarter 2019 Review—Growth Continued to Slow and Is Now Below Trend By Thomas Walstrum August 12, 2019 Summary Growth in the Seventh Federal Reserve District continued to slow in the second quarter of 2019, and the pace is now moderately below trend. Growth slowed across all sectors, but the slowdown was particularly noticeable in the manufacturing and service sectors. In spite of the slowdown, our business contacts expect the economy to continue to grow over the coming year. Now let’... Read More Results 1 - 10 of 318 Page of Max Subscribe Register to receive email alerts when new issues are published. Subscription Signup Email Submit Find Publications By: Find Publications By: Author - Author - Aaronson , Daniel Albouy , David Allen , Carl E. Alter , Kandie Alvarez , Fernando Alvarez , Nahiomy Amromin , Gene Andersen , Torben G. Anderson , Nathan Anderson, Jr. , Joseph B. Arce , Fernando Atkeson , Andrew Baker , Colleen Bakshi , Tanya Bannister , Michael E. Barlevy , Gadi Barrow , Lisa Barsky , Robert Baruah , Sandy K. Behrenwald , Michelle Benzoni , Luca Berry , Michael V. Bickers , Amy Bloesch , Justin Boyle , Jeremiah P. Brave , Scott A. Bromagen , Ellen Brown , Aaron Brunskill , Ric Butters , R. 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