Current Average Employee Workweek; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
This dataset tracks current average employee workweek; percent of respondents reporting increases for federal reserve district 3: philadelphia over time.
Latest Value
17.70
Year-over-Year Change
-7.33%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic indicator measures the percentage of Philadelphia Federal Reserve District businesses reporting increases in the average employee workweek. It provides insights into labor market conditions and production capacity.
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
The Current Average Employee Workweek indicator tracks the share of firms in the Philadelphia region that report increases in the average number of hours worked per employee. This metric offers a timely gauge of changes in labor utilization and production levels.
Methodology
The data is collected through the Philadelphia Fed's monthly Business Outlook Survey of regional manufacturers.
Historical Context
This indicator is used by economists and policymakers to assess labor market tightness and potential inflationary pressures.
Key Facts
- The indicator reflects the share of firms reporting increases, not the actual change in workweek length.
- A higher share of firms reporting increases may signal tight labor markets and potential wage pressures.
- The data is released monthly as part of the Philadelphia Fed's Business Outlook Survey.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of businesses in the Philadelphia Federal Reserve District that report increases in the average employee workweek.
Q: Why is this trend relevant for users or analysts?
A: This metric provides timely insights into labor market conditions and production capacity, which are important for assessing inflationary pressures and the overall state of the regional economy.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Business Outlook Survey conducted by the Philadelphia Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to gauge labor market tightness and potential inflationary pressures, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant publication delays, providing a timely view of changes in the Philadelphia region's labor utilization.
Related News
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
Federal Reserve Faces Challenges In Setting U.S. Interest Rates
The Federal Reserve's Challenge in Interest Rate Decisions Interest rates play a pivotal role in the U.S. economy, impacting everything from the cost of borrowing to the returns on savings. The Federal Reserve, as the nation’s central bank, is responsible for setting these rates to steer monetary policy towards economic stability. In doing so, the Federal Reserve navigates through various economic indicators like inflation, employment rates, and GDP growth, a task made more complex by current e
U.S. Housing Market Faces Threats Beyond Fed's Impact On Mortgage Rates
Unfocused Interest Rates and the Real Threats in the Housing Market The fluctuations in the 30 year mortgage rates have long been a focal concern for the US housing market, but they may not be the most significant threat. As we delve deeper, it becomes apparent that the real dangers are lurking beyond these superficial numbers. With the current interest rates climate being only one piece of the complex puzzle that defines the housing landscape, stakeholders must widen their perspective. There's
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
Federal Reserve's Interest Rate Policy and Economic Dissent
Interest Rate Debate: The Federal Reserve’s Dissent and Policy Implications The effective federal funds rate affects various aspects of daily life, including mortgage payments and savings returns. This rate forms the crux of economic policy overseen by the Federal Reserve, the entity responsible for adjusting interest rates to steer the U.S. economy. Currently, a range of opinions exists regarding these adjustments, as debates within the Federal Reserve persist about balancing inflation managem
US Housing Giant Hopes Fed Policies Boost Sagging Profits
Revitalizing S&P 500 Housing with Federal Reserve Policies The primary keyword, "Treasury Yield," has become an increasingly critical focus within the realm of the S&P 500 housing market. Current fluctuations in bond rates, particularly the 10-year bond rate, are causing waves in the already volatile US housing market. This situation is marked by a profit decline experienced by major housing giants, as economic uncertainty steers investor confidence. The Federal Reserve's policies and interest
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Current Average Employee Workweek; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia (AWBNINC156MSFRBPHI), retrieved from FRED.