The Philadelphia Fed current employment index decreased 3.5 points to 27.2 in November of 2021 according to the firms responding to the November Manufacturing Business Outlook Survey. Over 31 percent of the firms reported higher employment, 4 percent reported lower employment,
and 64 percent reported no change. The average workweek index rose 3 points to 30.6. source: Federal Reserve Bank of Philadelphia
Philly Fed Employment in the United States averaged 1.73 points from 1968 until 2021, reaching an all time high of 32.60 points in August of 2021 and a record low of -51.50 points in March of 2009. This page includes a chart with historical data for the United States Philly Fed Employment. United States Philly Fed Employment - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
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.