Current Number of Part-Time, Temporary, and Contract Employees; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia
This dataset tracks current number of part-time, temporary, and contract employees; percent of respondents reporting decreases for federal reserve district 3: philadelphia over time.
Latest Value
11.30
Year-over-Year Change
8.65%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic trend measures the percentage of businesses in the Philadelphia Federal Reserve District that report decreases in the number of part-time, temporary, and contract employees. It provides insight into the labor market and business 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 Part-Time, Temporary, and Contract Employees data point is a survey-based indicator that tracks changes in the employment of non-standard work arrangements. It is used to assess the flexibility and dynamism of the regional labor market.
Methodology
The data is collected through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Historical Context
This trend can help policymakers and analysts understand the health of the regional economy and labor market.
Key Facts
- The survey has been conducted monthly since 1968.
- Decreases in part-time and contract employment can signal economic slowdown.
- The Philadelphia Fed district covers eastern Pennsylvania, southern New Jersey, and Delaware.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of businesses in the Philadelphia Federal Reserve District that report decreases in the number of part-time, temporary, and contract employees.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the flexibility and dynamism of the regional labor market, which is an important indicator of economic health and business conditions.
Q: How is this data collected or calculated?
A: The data is collected through the monthly Business Outlook Survey conducted by the Federal Reserve Bank of Philadelphia.
Q: How is this trend used in economic policy?
A: This trend can help policymakers and analysts understand the health of the regional economy and labor market, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Current Number of Part-Time, Temporary, and Contract Employees; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia (NPBNDEC156MSFRBPHI), retrieved from FRED.