The Philly Fed Employment Index in the United States increased to 7.90 points in June 2026 from -2.80 points in May, signaling renewed job creation and the strongest employment growth since January. Philly Fed Employment in the United States averaged 2.29 points from 1968 until 2026, reaching an all time high of 41.10 points in August of 2020 and a record low of -51.80 points in March of 2009. source: Federal Reserve Bank of Philadelphia

Related	Last	Previous	Unit	Reference
Coincident Index	148.90	148.50	points	Apr 2026
Philadelphia Fed Manufacturing Index	10.30	-0.40	points	Jun 2026
Philly Fed Business Conditions	50.20	53.20	points	Jun 2026
Philly Fed CAPEX Index	41.20	30.90	points	Jun 2026
Philly Fed Employment	7.90	-2.80	points	Jun 2026
Philly Fed New Orders	27.30	-1.70	points	Jun 2026
Philly Fed Prices Paid	53.20	47.90	points	Jun 2026

United States Philly Fed Employment

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.