Philadelphia Fed Employment Index reflects labor market conditions in the Philadelphia Federal Reserve zone. This region includes Pennsylvania, New Jersey and Delaware, i.e. states with high economic activity. The index provides an indirect outlook of the economic development of the entire country.
The index is included in the overall Philadelphia Fed business activity index. Readings above zero indicate an improvement in employment during the reported month, and vice versa.
The indicator growth can have a positive effect on dollar quotes.
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.