Federal Reserve Bank (Fed) of Philadelphia Employment

Country:
United States
USD, US dollar
Sector:
Business
Medium -15.3 -73.9
-46.7
Last release Importance Actual Forecast
Previous
-69.6
-15.3
Next release Actual Forecast
Previous
  • Overview
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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
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
Dec 2019
17.8
25.6
21.5
Nov 2019
21.5
26
32.9
Oct 2019
32.9
9.9
15.8
Sep 2019
15.8
9.2
3.6
Aug 2019
3.6
8.5
30
Jul 2019
30
6.2
15.4
Jun 2019
15.4
14.9
18.2
May 2019
18.2
16
14.7
Apr 2019
14.7
17
9.6
Mar 2019
9.6
16.6
14.5
Feb 2019
14.5
17
9.6
Jan 2019
9.6
18
19.1
Dec 2018
18.3
17.7
16.3
Nov 2018
16.3
19
19.5
Oct 2018
19.5
16.3
17.6
Sep 2018
17.6
15.8
14.3
Aug 2018
14.3
24
16.8
Jul 2018
16.8
32.6
30.4
Jun 2018
30.4
31.1
30.2
May 2018
30.2
28.6
27.1
Apr 2018
27.1
25.5
25.6
Mar 2018
25.6
24.5
25.2
Feb 2018
25.2
20
16.8
Jan 2018
16.8
14
19.7
Dec 2017
18.1
10.2
22.6
Nov 2017
22.6
4.8
30.6
Oct 2017
30.6
-3.9
6.6
Sep 2017
6.6
1.2
10.1
Aug 2017
10.1
6.9
10.9
Jul 2017
10.9
16.1
Jun 2017
16.1
17.3
May 2017
17.3
19.9
Apr 2017
19.9
17.5
Mar 2017
17.5
11.1
Feb 2017
11.1
12.8
Jan 2017
12.8
6.4
Dec 2016
6.4
-2.6
Nov 2016
-2.6
-4
Oct 2016
-4
-5.3
Sep 2016
-5.3
-20
Aug 2016
-20
-1.6
Jul 2016
-1.6
-10.9
Jun 2016
-10.9
-3.3
May 2016
-3.3
-18.5
Apr 2016
-18.5
-1.1

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