Federal Reserve Bank (Fed) of Philadelphia Employment

Country:
United States
USD, US dollar
Sector:
Business
Medium -10.3 0.7
-1.8
Last release Importance Actual Forecast
Previous
-10.8
-10.3
Next release Actual Forecast
Previous
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Philadelphia Fed Employment Index reflects labor market conditions in the industrial sector in the Philadelphia Federal Reserve zone. This region includes Pennsylvania, New Jersey and Delaware, i.e. states with high economic activity. Business conditions here can be extrapolated throughout the country.

The index is calculated based on a monthly survey of large manufacturing companies in the region. Company management representatives are asked to assess current business conditions in the manufacturing sector. The survey contains a question on the number of employees in the company, which belongs to the employment index. The survey participants are asked to provide relative estimates: whether figures have increased, decreased or remain unchanged. Answers in two time intervals are expected: evaluation of the last month and a forecast for the next six months.

Positive index readings indicate that employment has increased on the average across the region. Values below zero indicate weakening of employment in the manufacturing segment of the economy.

Analysts often pay attention to this index component, since the labor market activity is one of the leading factors of the US inflation. Employment growth suggests an increase in consumption, which is a favorable factor for the development of the economy. Manufacturing sector in the region creates most of the jobs, so employment in this sector is a representative indicator of the overall situation. Dynamics of the Philadelphia Fed Employment index can cause insignificant volatility of dollar quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Federal Reserve Bank (Fed) of Philadelphia Employment" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Feb 2024
-10.3
0.7
-1.8
Jan 2024
-1.8
0.9
-2.5
Dec 2023
-1.7
0.8
0.8
Nov 2023
0.8
-0.9
4.0
Oct 2023
4.0
-5.9
-5.7
Sep 2023
-5.7
-3.5
-6.0
Aug 2023
-6.0
-0.7
-1.0
Jul 2023
-1.0
-4.5
-0.4
Jun 2023
-0.4
-4.4
-8.6
May 2023
-8.6
-5.2
-0.2
Apr 2023
-0.2
-2.6
-10.3
Mar 2023
-10.3
8.0
5.1
Feb 2023
5.1
4.6
10.9
Jan 2023
10.9
2.6
-0.9
Dec 2022
-1.8
17.8
7.1
Nov 2022
7.1
20.7
28.5
Oct 2022
28.5
18.1
12.0
Sep 2022
12.0
22.0
24.1
Aug 2022
24.1
23.9
19.4
Jul 2022
19.4
27.3
28.1
Jun 2022
28.1
33.9
25.5
May 2022
25.5
41.9
41.4
Apr 2022
41.4
37.1
38.9
Mar 2022
38.9
30.1
32.3
Feb 2022
32.3
30.5
26.1
Jan 2022
26.1
31.6
33.9
Dec 2021
33.9
29.6
27.2
Nov 2021
27.2
29.4
30.7
Oct 2021
30.7
30.1
26.3
Sep 2021
26.3
32.0
32.6
Aug 2021
32.6
30.8
29.2
Jul 2021
29.2
25.9
30.7
Jun 2021
30.7
25.4
19.3
May 2021
19.3
31.6
30.8
Apr 2021
30.8
28.8
27.4
Mar 2021
30.1
24.6
25.3
Feb 2021
25.3
15.9
22.5
Jan 2021
22.5
17.9
5.6
Dec 2020
8.5
20.7
27.2
Nov 2020
27.2
14.3
12.7
Oct 2020
12.7
12.5
15.7
Sep 2020
15.7
14.6
9.0
Aug 2020
9.0
8.1
20.1
Jul 2020
20.1
-9.8
-4.3
Jun 2020
-4.3
-69.6
-15.3
May 2020
-15.3
-73.9
-46.7
Apr 2020
-46.7
7.3
4.1
Mar 2020
4.1
14.5
9.8
Feb 2020
9.8
10.2
19.3
Jan 2020
19.3
17.2
16.8

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