Philly Fed Employment in the United States decreased to -5.10 points in April from 0.80 points in March of 2026. 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	147.80	148.70	points	Jan 2026
Philadelphia Fed Manufacturing Index	26.70	18.10	points	Apr 2026
Philly Fed Business Conditions	40.80	40.00	points	Apr 2026
Philly Fed CAPEX Index	35.20	25.80	points	Apr 2026
Philly Fed Employment	-5.10	0.80	points	Apr 2026
Philly Fed New Orders	33.00	8.60	points	Apr 2026
Philly Fed Prices Paid	59.30	44.70	points	Apr 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.