Current Average Employee Workweek; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia
This dataset tracks current average employee workweek; percent of respondents reporting no change for federal reserve district 3: philadelphia over time.
Latest Value
73.50
Year-over-Year Change
18.17%
Date Range
3/1/2011 - 7/1/2025
Summary
The Current Average Employee Workweek: Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia tracks the percentage of firms in the Philadelphia region that report no change in their average employee workweek. This provides insight into labor market conditions and potential inflationary pressures.
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 Federal Reserve survey-based indicator measures the proportion of businesses in the Philadelphia metropolitan area that report no change in their average employee workweek. It offers a timely snapshot of employment and production trends in the regional economy.
Methodology
The data is collected through a monthly survey of businesses in the Third Federal Reserve District.
Historical Context
Policymakers and economists monitor this indicator to assess labor market dynamics and inflationary risks.
Key Facts
- The indicator ranges from 0% to 100%.
- Higher percentages signal stable employment conditions.
- Readings have ranged from 40% to 80% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of firms in the Philadelphia region that report no change in their average employee workweek.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into labor market conditions and potential inflationary pressures in the Philadelphia metropolitan area.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses in the Third Federal Reserve District.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to assess labor market dynamics and inflationary risks.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag.
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Citation
U.S. Federal Reserve, Current Average Employee Workweek; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia (AWBNNC156MNFRBPHI), retrieved from FRED.