Philly Fed Employment in the United States increased to 27.90 points in August from 10 points in July of 2026. Philly Fed Employment in the United States averaged 2.20 points from 1968 until 2026, reaching an all time high of 39.60 points in April of 2022 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	149.40	149.20	points	Jun 2026
Philadelphia Fed Manufacturing Index	47.40	41.40	points	Aug 2026
Philly Fed Business Conditions	73.60	34.40	points	Aug 2026
Philly Fed CAPEX Index	48.20	30.10	points	Aug 2026
Philly Fed Employment	27.90	10.00	points	Aug 2026
Philly Fed New Orders	30.10	37.00	points	Aug 2026
Philly Fed Prices Paid	40.90	53.90	points	Aug 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.