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Economic Research

We conduct research to support policymaking and thought leadership on issues important to the Federal Reserve and the Fifth District. We also inform the public through our data and economic analysis, publications, presentations and educational resources.

Hornstein-Kudlyak-Lange Non-Employment Index

April 10, 2025

The Hornstein-Kudlyak-Lange Non-Employment Index (NEI) was 7.8 percent in March 2025, edging up by 0.1 percentage point from February 2025. The index increased by 0.3 percentage points compared to March 2024.

Core Week logo

Since 2021, the Collaboration of Research Economists (CORE) model has combined frontier research and an innovative delivery method to advance collaboration within the economics profession. Economists from a range of disciplines join with Richmond Fed economists eight times per year for seminars, collaboration, and formal and informal networking — all with an eye toward advancing economic research.

Our Careers
Being a Research Associate at the Richmond Fed

Research Associates help the Richmond Fed's economists with their research and policy memos for briefing the Bank's president on the state of the economy. For recent graduates thinking about applying to a Ph.D. program, this position is an ideal way to learn more about academic economic research.