Philly Fed Employment in the United States increased to 10 points in July from 7.90 points in June of 2026. Philly Fed Employment in the United States averaged 2.17 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	149.20	148.90	points	May 2026
Philadelphia Fed Manufacturing Index	41.40	10.30	points	Jul 2026
Philly Fed Business Conditions	34.40	50.20	points	Jul 2026
Philly Fed CAPEX Index	30.10	41.20	points	Jul 2026
Philly Fed Employment	10.00	7.90	points	Jul 2026
Philly Fed New Orders	37.00	27.30	points	Jul 2026
Philly Fed Prices Paid	53.90	53.20	points	Jul 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.