Census Bureau: COVID-19 Interactive Data Hub Update Released
The Census Bureau has released an updated version of the interactive data hub on its COVID-19 resource page. The resource page is designed to help federal agencies, businesses and communities make decisions related to the COVID-19 pandemic. Version 1.2 of the interactive data hub includes: Improved search and navigation functions for impact reports Additional variables for: Nonemployer Statistics impact report…
Census Bureau: First Results of Experimental Small Business Pulse Survey Released
The Census Bureau today released the first results from its Small Business Pulse Survey. The results represent data collected between April 26 and May 2, 2020 and are available at <www.census.gov/businesspulsedata>. The experimental Small Business Pulse Survey (Business Pulse) measures the changes in business conditions on our nation’s small businesses during the coronavirus (COVID-19) pandemic in…
ABA: Report Shows More Consumers Paid Credit Card Balances in Full Amid Rising Card Use in Fourth Quarter 2019
Even as credit card use increased in the fourth quarter of 2019, a record share of consumers paid off their bill in full each month, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Seasonally adjusted monthly purchase volumes rose compared to the previous quarter, particularly among super-prime (+4.0%) and prime (+2.9%) accounts,…
Census Bureau: New Experimental Veteran Employment Outcomes Statistics Released
Today, the Census Bureau released new experimental statistics on U.S. Army veterans’ outcomes in the civilian labor market. Veteran Employment Outcomes (VEO) provide annual earnings for veterans by military occupation, civilian industry and veteran characteristics — one, five, and 10 years after leaving service. These data show a broad distribution of labor market outcomes for recent veterans, highlighting…
CFPB: Report Shows Substantial Decline in Credit Applications in March 2020
A Consumer Financial Protection Bureau (Bureau) report examining the effects of the COVID-19 pandemic found that consumer credit applications declined substantially in March. Applications are measured by the number of credit pulls or “hard inquiries” that lenders perform when a consumer applies for new credit. The report found that between the first and last week…
Census Bureau: New Interactive Data Hub in Response to COVID-19 Released
Today the U.S. Census Bureau released a new resource page on census.gov to help federal agencies, businesses and communities make decisions related to the COVID-19 pandemic. Similar to the Census Bureau’s resource pages created during natural disasters, this resource page includes information on population demographics, economic indicators and businesses. It features a new interactive data hub that centralizes data previously released…
FHFA: House Price Index Up 0.7 Percent in February; Up 5.7 Percent from 2019
U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from February 2019 to February 2020. The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly…
Census Bureau: New Experimental “Pulse” Surveys to Track Temporal Trends in Housing and Small Businesses During Pandemic
In response to the unprecedented circumstances presented by COVID-19 and the urgent need for data, the U.S. Census Bureau is launching two new experimental surveys to measure temporal social and economic trends in the nation’s small businesses and households over the next three months. Responses from these experimental surveys will be posted within weeks of collection…
Federal Reserve: “Revitalize or Stabilize”: Does Community Development Financing Work?
Daniel Ringo Abstract: Banks in the United States originate $100 billion in community development loans every year and hold a similar amount of community development investments on their balance sheets. A number of federal place-based policies encourage the provision of these loans and investments to promote growth, employment and the availability of affordable housing to…
ABA: Report Shows Consumer Delinquencies Rise in Fourth Quarter of 2019
Consumer credit delinquencies rose in the fourth quarter of 2019, driven by increases in auto and home-related delinquencies, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while delinquencies in three categories fell. The composite ratio, which tracks delinquencies in…