Current Number of Part-Time, Temporary, and Contract Employees; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
This dataset tracks current number of part-time, temporary, and contract employees; percent of respondents reporting increases for federal reserve district 3: philadelphia over time.
Latest Value
9.90
Year-over-Year Change
-35.71%
Date Range
3/1/2011 - 7/1/2025
Summary
This economic trend measures the percentage of survey respondents in the Philadelphia Federal Reserve District reporting increases in the number of part-time, temporary, and contract employees. It provides insights into labor market flexibility and employer hiring practices.
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 metric is a regional employment indicator tracked by the Federal Reserve. It captures shifts in the use of non-traditional work arrangements within the Philadelphia district, which can signal changes in economic conditions and employer staffing strategies.
Methodology
The data is collected through the Federal Reserve's Business Outlook Survey, which polls a sample of regional companies.
Historical Context
This indicator is used by policymakers and analysts to assess labor market dynamics and the underlying state of the regional economy.
Key Facts
- The indicator ranges from 0% to 100%, with higher values signaling more widespread increases in non-traditional hiring.
- Tracking this metric can provide early signals of changing business confidence and staffing needs within the Philadelphia region.
- Data is reported monthly, with a one-month lag.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of survey respondents in the Philadelphia Federal Reserve District reporting increases in the number of part-time, temporary, and contract employees.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into labor market flexibility and employer hiring practices within the Philadelphia region, which can signal changes in economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's monthly Business Outlook Survey of regional companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess labor market dynamics and the underlying state of the Philadelphia regional economy.
Q: Are there update delays or limitations?
A: The data is reported monthly with a one-month lag.
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Citation
U.S. Federal Reserve, Current Number of Part-Time, Temporary, and Contract Employees; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia (NPBNINC156MSFRBPHI), retrieved from FRED.