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Fed says Fifth District economy shows moderate growth

District includes Virginia, North Carolina, South Carolina, West Virginia and Maryland

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The economy has grown “moderately” in recent weeks, with strong production increases, employment rising and consumer spending up in the Federal Reserve’s Fifth District, which includes Virginia, North Carolina, South…

Richmond Fed President and CEO Tom Barkin (bottom) discusses economic recovery with Thomas Kennedy, global head of macro and fixed income strategy, J.P. Morgan Private Bank.

What stays and what goes

Richmond Fed CEO Tom Barkin weighs in on economic recovery

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With renewed hopes stemming from vaccine distribution, economists and business leaders are looking ahead toward recovery, including pandemic-induced changes that will stay and ways we’ll return to “normalcy.” While it’s…

Va. recovers 68K jobs in August

State still down 212K jobs from same time last year

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In August, Virginia employers recovered a total of 68,000 jobs (a 1.8% increase from July), but the commonwealth is still 212,600 jobs shy of where it was last year, according…