Economic Letter

Unemployment Insurance Withdrawal

Unemployment insurance benefits were expanded substantially to help overcome the pandemic labor market shock in early 2020. However, improved labor market conditions in early 2021 prompted many states to withdraw from the programs. A comparison of states that ended benefits early with those that maintained them suggests that the withdrawal is associated with a small pickup in employer hiring.

Why Climate Risk Matters to Us

Promoting a healthy, stable economy requires us to consider current and future risks. Climate change is one of those risks. We need to study and understand how a changing climate may affect the safety and soundness of our economy. In turn, we're assessing how to incorporate these findings into our core functions and mandates, focusing on research, supervision, community, and operations.

Career Opportunities

The San Francisco Fed is dedicated to building an economy that works for everyone. We thrive on reflecting the people we serve by hiring talented individuals from diverse backgrounds and creating a culture of inclusion where people are respected for what they do and for who they are.