Current Average Employee Workweek; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia
This dataset tracks current average employee workweek; percent of respondents reporting decreases for federal reserve district 3: philadelphia over time.
Latest Value
8.20
Year-over-Year Change
-59.00%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current Average Employee Workweek; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia measures the percentage of survey respondents in the Philadelphia region who report decreases in the average workweek for their employees. This trend provides insight into labor market conditions and business sentiment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the proportion of firms in the Philadelphia Federal Reserve District that report decreases in the average number of hours their employees work per week. It offers a real-time indicator of economic activity and labor market trends in the region.
Methodology
The data is collected through a monthly survey of businesses in the Philadelphia Federal Reserve District.
Historical Context
Policymakers and analysts use this metric to assess the health of the regional economy and inform economic policy decisions.
Key Facts
- The data series began in 1968.
- The Philadelphia Fed District covers eastern Pennsylvania, southern New Jersey, and Delaware.
- The metric is reported as a percentage, with higher values indicating more firms reporting decreases.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the percentage of firms in the Philadelphia Federal Reserve District that report decreases in the average number of hours their employees work per week.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into labor market conditions and business sentiment in the Philadelphia region, which is useful for policymakers and economists assessing the health of the regional economy.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses in the Philadelphia Federal Reserve District.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform economic policy decisions by assessing regional economic activity and labor market trends.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Current Average Employee Workweek; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia (AWBNDEC156MNFRBPHI), retrieved from FRED.