Current Average Employee Workweek; Diffusion Index for Federal Reserve District 3: Philadelphia
This dataset tracks current average employee workweek; diffusion index for federal reserve district 3: philadelphia over time.
Latest Value
12.50
Year-over-Year Change
557.89%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current Average Employee Workweek; Diffusion Index for Federal Reserve District 3: Philadelphia measures the level of diffusion in workweek trends among businesses in the Philadelphia Federal Reserve district. It provides insights into economic conditions and labor market dynamics.
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 diffusion index tracks the percentage of businesses reporting increases in the average workweek for their employees compared to the previous month. It serves as an important leading indicator of economic activity and labor market conditions in the Philadelphia region.
Methodology
The data is collected through monthly surveys of businesses in the Philadelphia Federal Reserve district.
Historical Context
The workweek diffusion index is closely monitored by policymakers and analysts to gauge the health of the regional economy.
Key Facts
- The index ranges from 0 to 100, with 50 indicating no change from the previous month.
- A reading above 50 signals expansion, while a reading below 50 indicates contraction.
- The index is released monthly by the Federal Reserve Bank of Philadelphia.
FAQs
Q: What does this economic trend measure?
A: The Current Average Employee Workweek; Diffusion Index for Federal Reserve District 3: Philadelphia measures the level of diffusion in workweek trends among businesses in the Philadelphia Federal Reserve district.
Q: Why is this trend relevant for users or analysts?
A: This diffusion index serves as an important leading indicator of economic activity and labor market conditions in the Philadelphia region, providing insights that are closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the Philadelphia Federal Reserve district.
Q: How is this trend used in economic policy?
A: The workweek diffusion index is closely monitored by policymakers and analysts to gauge the health of the regional economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve Bank of Philadelphia, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Current Average Employee Workweek; Diffusion Index for Federal Reserve District 3: Philadelphia (AWBNDIF066MSFRBPHI), retrieved from FRED.