Philly Fed Employment in the United States declined further to -8.6 points in May 2023 from -0.20 points in the prior month and compared with market estimates of -5.2. It marks the third straight month of job shedding and much faster than in the prior month. source: Federal Reserve Bank of Philadelphia

Philly Fed Employment in the United States averaged 2.15 points from 1968 until 2023, reaching an all time high of 41.40 points in April of 2022 and a record low of -51.50 points in March of 2009. This page includes a chart with historical data for the United States Philly Fed Employment. United States Philly Fed Employment - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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United States Philly Fed Employment

Calendar GMT Actual Previous Consensus TEForecast
2023-04-20 12:30 PM Apr -0.2 -10.3 -2.6
2023-05-18 12:30 PM May -8.6 -0.2 -5.2
2023-06-15 12:30 PM Jun -8.6

United States Philly Fed Employment
Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.
Actual Previous Highest Lowest Dates Unit Frequency
-8.60 -0.20 41.40 -51.50 1968 - 2023 points Monthly