Current Number of Part-Time, Temporary, and Contract Employees; Diffusion Index for Federal Reserve District 3: Philadelphia
This dataset tracks current number of part-time, temporary, and contract employees; diffusion index for federal reserve district 3: philadelphia over time.
Latest Value
-1.40
Year-over-Year Change
-128.00%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic indicator tracks the current number of part-time, temporary, and contract employees in the Philadelphia Federal Reserve District. It provides insights into the region's labor market dynamics and workforce flexibility.
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; Diffusion Index for Federal Reserve District 3: Philadelphia is a key indicator of the labor market conditions in the Philadelphia region. It measures the prevalence of non-standard employment arrangements, which can signal changes in employer and worker preferences.
Methodology
The data is collected through a monthly survey of businesses in the Philadelphia Federal Reserve District.
Historical Context
This indicator is closely monitored by policymakers and analysts to assess the health and flexibility of the regional labor market.
Key Facts
- The index ranges from 0 to 100, with higher values indicating more widespread use of part-time, temporary, and contract employment.
- The Philadelphia Federal Reserve District includes eastern Pennsylvania, southern New Jersey, and Delaware.
- This indicator complements other labor market measures, such as the unemployment rate and nonfarm payrolls.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the current number of part-time, temporary, and contract employees in the Philadelphia Federal Reserve District. It provides insights into the region's labor market flexibility and non-standard employment arrangements.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely monitored by policymakers and analysts to assess the health and adaptability of the regional labor market, which can have important implications for economic growth and workforce dynamics.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of businesses in the Philadelphia Federal Reserve District.
Q: How is this trend used in economic policy?
A: This indicator provides valuable information to policymakers and economists about the flexibility and responsiveness of the regional labor market, which can inform decisions related to economic and employment policies.
Q: Are there update delays or limitations?
A: The data is released monthly, with a typical lag of several weeks. While comprehensive, the indicator is limited to the Philadelphia Federal Reserve District and may not fully represent national labor market trends.
Related News
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
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
Impact of U.S. Treasury Yields Rise After Fed Rate Cut
The Impact of a Treasury Yield Rise on the U.S. Economy After a Fed Rate Cut The current rise in the 10-year Treasury bond rate has caught the attention of economists, investors, and policymakers alike. Treasury yields, particularly the 10-year Treasury bond rate, act as a key indicator of the economic outlook in the United States. They affect interest rates, the bond market, and expectations for inflation. Understanding their fluctuations can offer insight into financial markets and help guide
Gold prices in the US might reach $5,000 under certain conditions
Could Gold Prices in the US Surge to $5,000? Could gold prices in the US reach the lofty heights of $5,000? This question, centered around predictions like those from Goldman Sachs, captures the attention of investors everywhere. With the current 10-year U.S. treasury rate today influencing economic trends, the notion of gold as a viable refuge becomes particularly intriguing. Amidst volatile shifts in the gold market, it's essential to understand these predictions and their potential to reshap
S&P 500 hits record as U.S. producer prices fall
S&P 500 Reaches Record High as U.S. Producer Prices Decline The S&P 500 reaching a record high suggests a notable moment in market history, particularly as the U.S. Producer Price Index (PPI) shows a downward trend. The link between the stock markets and producer prices demonstrates how interconnected these financial indicators can be. Falling PPI numbers might seem positive, yet they can signal underlying market changes. These shifts invite investors to recalibrate their approaches in response
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
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 Number of Part-Time, Temporary, and Contract Employees; Diffusion Index for Federal Reserve District 3: Philadelphia (NPBNDIF066MSFRBPHI), retrieved from FRED.