Current Number of Full-Time Permanent Employees; Diffusion Index for Federal Reserve District 3: Philadelphia
This dataset tracks current number of full-time permanent employees; diffusion index for federal reserve district 3: philadelphia over time.
Latest Value
4.10
Year-over-Year Change
-270.83%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic indicator measures the net employment growth rate among businesses in the Philadelphia Federal Reserve District. It provides insights into the labor market and economic conditions in the region.
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 Number of Full-Time Permanent Employees; Diffusion Index for Federal Reserve District 3: Philadelphia is a monthly survey-based metric that tracks the net percentage of businesses reporting increases in permanent full-time employment compared to the previous month. It serves as a barometer of economic activity and labor market trends in the Philadelphia Fed's jurisdiction.
Methodology
This index is calculated based on survey responses from businesses in the third Federal Reserve District.
Historical Context
The employment diffusion index is closely monitored by policymakers and analysts to assess regional economic performance and labor market dynamics.
Key Facts
- The index ranges from 0 to 100, with 50 indicating no change in employment.
- Values above 50 signal net employment growth, while below 50 indicates contraction.
- The index provides an early signal of economic conditions in the Philadelphia Fed region.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the net percentage of businesses in the Philadelphia Federal Reserve District that report increases in permanent full-time employment compared to the previous month.
Q: Why is this trend relevant for users or analysts?
A: The employment diffusion index provides timely insights into labor market conditions and economic activity in the Philadelphia region, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on survey responses from businesses in the third Federal Reserve District.
Q: How is this trend used in economic policy?
A: The employment diffusion index is closely monitored by the Federal Reserve and other policymakers to assess regional economic performance and labor market dynamics.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of several weeks from the reference period.
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Citation
U.S. Federal Reserve, Current Number of Full-Time Permanent Employees; Diffusion Index for Federal Reserve District 3: Philadelphia (NFBNDIF066MSFRBPHI), retrieved from FRED.