Current Number of Part-Time, Temporary, and Contract Employees; Diffusion Index for Federal Reserve District 3: Philadelphia
Not Seasonally Adjusted
NPBNDIF066MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
3/1/2011 - 7/1/2025
Summary
The 'Not Seasonally Adjusted' trend represents non-farm payroll employment data for the Philadelphia metro area. It is a key indicator of regional economic activity and labor market conditions.
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 non-seasonally adjusted series provides a raw count of employment levels in the Philadelphia metropolitan statistical area, without adjustments for typical seasonal hiring patterns. Economists and policymakers use this data to assess the underlying strength of the regional job market.
Methodology
The data is collected through surveys of Philadelphia-area businesses by the U.S. Bureau of Labor Statistics.
Historical Context
Trends in non-seasonally adjusted employment are monitored by the Federal Reserve and other institutions to inform regional economic policy decisions.
Key Facts
- Philadelphia metro area has over 2.5 million non-farm jobs.
- Employment levels typically peak in the summer months.
- Manufacturing is a key sector, accounting for over 10% of local jobs.
FAQs
Q: What does this economic trend measure?
A: The 'Not Seasonally Adjusted' trend tracks the total number of non-farm payroll jobs in the Philadelphia metropolitan area, without adjusting for typical seasonal hiring patterns.
Q: Why is this trend relevant for users or analysts?
A: This raw employment data provides insight into the underlying strength of the regional labor market, which is an important indicator of economic conditions for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of Philadelphia-area employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Trends in non-seasonally adjusted employment are monitored by the Federal Reserve and other institutions to inform regional economic policy decisions, such as interest rate adjustments or targeted workforce development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a one-month lag, so the most recent figures may not reflect the latest economic conditions. Additionally, the non-seasonally adjusted series does not account for typical seasonal hiring patterns.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (NPBNDIF066MNFRBPHI), retrieved from FRED.