http://www.philadelphiafed.org/ The latest news headlines from the Philadelphia Fed. en-us http://www.philadelphiafed.org/feeds/frbp-feeds-logo.jpg http://www.philadelphiafed.org/ 60 phil.webmaster@phil.frb.org (Philadelphia Fed Webmaster) Mon, 06 Feb 2012 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2012/UnemploymentRateJan2012.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS February 6, 2012 - The Federal Reserve Bank of Philadelphia's January nowcasts predict that unemployment rates will decrease in Pennsylvania, New Jersey, and Delaware. Mon, 06 Feb 2012 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsDec2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS February 3, 2012 - The Philadelphia Fed today posted an analysis related to December's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. From November to December, unemployment rates fell and payroll employment was mixed in the three-state region. Fri, 03 Feb 2012 13:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2012/020212.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS February 2, 2012 - The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for December 2011. Forty-four state coincident indexes are projected to grow over the next six months, while six are projected to decrease. Thu, 02 Feb 2012 15:00:00 GMT http://www.philadelphiafed.org/publications/speeches/plosser/2012/02-01-12_main-line-chamber-of-commerce.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS February 1, 2012 - Federal Reserve Bank of Philadelphia President and CEO Charles I. Plosser presents "Economic Outlook and Communicating Monetary Policy" at the 2012 Economic Forecast Breakfast and Annual Meeting of the Main Line Chamber of Commerce. President Plosser discusses the prospects for the nation's economy and the recent steps taken by the Federal Open Market Committee to enhance communications. Wed, 01 Feb 2012 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/greater-philadelphia-chamber-commerce/2012-GPCC-survey.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 31, 2012 - Business activity has expanded from last year; however, weak sales and labor costs remain a concern, according to the participants in the Greater Philadelphia Chamber of Commerce 2012 Economic Outlook Survey. Jason Novak, research and policy support manager at the Bank, presented the survey results at the chamber's annual breakfast meeting. Tue, 31 Jan 2012 13:15:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-permits/2011/PermitsNewsDec2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 30, 2012 - The Philadelphia Fed today posted an analysis of data on regional housing permits for December 2011. Residential building permits in Delaware, New Jersey, and Pennsylvania decreased from November to December, concluding another year of low activity - the lowest for Delaware since 1982 and for Pennsylvania since before 1979. Mon, 30 Jan 2012 13:30:00 GMT http://philadelphiafed.org/newsroom/press-releases/2012/012612.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 26, 2012 - The Federal Reserve Bank of Philadelphia today released the coincident indexes for December 2011. The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic. In the past month, the indexes increased in 39 states, decreased in seven, and remained unchanged in four (Arizona, Nebraska, New York, and Wyoming) for a one-month diffusion index of 64. Thu, 26 Jan 2012 15:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/EmploymentNewsDec2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 25, 2012 - The Philadelphia Fed today posted an analysis of December's state employment statistics for Delaware, New Jersey, and Pennsylvania. Payroll employment increased in the three-state region from November to December. Unemployment rates fell in all three states. Wed, 25 Jan 2012 13:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2012/012412a.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 24, 2012 - The Bank has announced the promotions of Chris Henderson to assistant vice president, overseeing enforcement and institutional surveillance in the Supervision, Regulation and Credit Department; Stan Sienkiewicz to assistant vice president, research support, in the Research Department; and Charles Kirkland to financial statistics officer in the Financial Statistics Department. Tue, 24 Jan 2012 16:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2012/012412b.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 24, 2012 - The Bank has announced the promotions of Richard A. Sheaffer to senior vice president and general auditor; Donna Brenner to vice president in Enterprise Risk Management; Jennifer E. Cardy to vice president in Financial Management Services; Gregory Fanelli to vice president in Information Technology Services; and Keith Sill to vice president and director of the Real-Time Data Research Center in the Research Department. Tue, 24 Jan 2012 16:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2012/011912.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 19, 2012 - Results from the Business Outlook Survey suggest that regional manufacturing activity continued to expand at a moderate pace in January. The general activity index increased to 7.3 this month from a revised reading of 6.8 in December. Thu, 19 Jan 2012 15:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/UnemploymentRateDec2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 9, 2012 - The Federal Reserve Bank of Philadelphia's December nowcasts predict that unemployment rates will decrease in Pennsylvania, New Jersey, and Delaware. Mon, 09 Jan 2012 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsNov2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS January 6, 2012 - The Philadelphia Fed today posted an analysis related to November's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. From October to November, labor market conditions were mixed in the three-state region. Fri, 06 Jan 2012 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-permits/2011/PermitsNewsNov2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 28, 2011 - The Philadelphia Fed today posted an analysis of data on regional housing permits for November. Despite a large monthly increase in residential building permits in Delaware, New Jersey, and Pennsylvania, the total number of permits issued through November remains less than for the same 11-month period in 2010 for all three states. Wed, 28 Dec 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/publications/banking-brief/2011/BB3Q2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 27, 2011 - The Philadelphia Fed has released its Third Quarter 2011 issue of Banking Brief, which analyzes recent banking trends in the tri-state region of Pennsylvania, New Jersey, and Delaware. Tue, 27 Dec 2011 19:00:00 GMT http://philadelphiafed.org/newsroom/press-releases/2011/122211b.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 22, 2011 - The Federal Reserve Bank of Philadelphia has announced the appointment of Michael J. Angelakis, vice chairman and chief financial officer of Comcast Corp., to its board of directors. In addition, Patrick T. Harker, president of the University of Delaware, was elected to the board, and Frederick C. "Ted" Peters II, chairman and CEO of Bryn Mawr Trust Company, was re-elected to a second term. The terms for each board member begin in January 2012. Thu, 22 Dec 2011 19:15:00 GMT http://philadelphiafed.org/newsroom/press-releases/2011/122211.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 22, 2011 - The Bank has released the November coincident indexes, which measure current economic activity in each of the 50 states. This month, economic activity, as measured by the indexes, increased in 44 states, decreased in four, and remain unchanged in two (Hawaii and Wyoming). The indexes increased in each of the Third District states, Delaware, New Jersey, and Pennsylvania. Thu, 22 Dec 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/EmploymentNewsNov2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 21, 2011 - The Philadelphia Fed today posted an analysis of November's state employment statistics for Delaware, New Jersey, and Pennsylvania. Payroll employment increased in the three-state region from October to November. Unemployment rates fell in Delaware and Pennsylvania but remained constant in New Jersey. Wed, 21 Dec 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/publications/research-rap/2011/revisions-to-nonfarm-payroll-employment.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 19, 2011 - In the latest Research Rap Special Report from the Federal Reserve Bank of Philadelphia's Research Department, Tom Stark, using the Philadelphia Fed's real-time data set for macroeconomists, analyzes revisions to initial estimates for nonfarm payroll employment over the period November 1964 to September 2011. Mon, 19 Dec 2011 20:15:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/121511.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 15, 2011 - Regional manufacturing continued to improve in December, according to the firms participating in December's Business Outlook Survey. The general activity index, the survey's broadest measure of manufacturing conditions, increased to 10.3 this month from 3.6 in November. Thu, 15 Dec 2011 15:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsOct2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 8, 2011 - The Philadelphia Fed today posted an analysis related to October's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. Labor market conditions improved in the three-state region. However, employment growth in most of the region's metropolitan areas lagged behind the nation. Thu, 08 Dec 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/UnemploymentRateNov2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 5, 2011 - The Federal Reserve Bank of Philadelphia's November nowcasts predict that unemployment rates will decrease in Pennsylvania, New Jersey, and Delaware. Mon, 05 Dec 2011 13:30:00 GMT http://www.philadelphiafed.org/publications/speeches/plosser/2011/12-02-11_fed-policy-forum.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 2, 2011 - Philadelphia Fed President and CEO Charles I. Plosser presents "Some Observations on Fiscal Imbalance and Monetary Policy," at the Bank's Policy Forum, "Budgets on the Brink: Perspectives on Debt and Monetary Policy." In his speech, President Plosser cautions that central banks and monetary policy are not and cannot be real solutions to the unsustainable fiscal paths many countries currently face. Fri, 02 Dec 2011 15:00:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/120111.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS December 1, 2011 - The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for October 2011. Forty-six state coincident indexes are projected to grow over the next six months, while four (Louisiana, West Virginia, Wisconsin, and Wyoming) are projected to decrease. Thu, 01 Dec 2011 15:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-prices/2011/HousePriceNews2011Q3.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 30, 2011 - The Philadelphia Fed today posted third quarter statistics on regional house prices released by the Federal Housing Finance Agency (FHFA). On a quarter-to-quarter basis, the FHFA's purchase-only house price indexes rose in Delaware and Pennsylvania in the third quarter; New Jersey's index fell. Wed, 30 Nov 2011 13:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/112911.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 29, 2011 - The Federal Reserve Bank of Philadelphia today released the coincident indexes for September 2011. The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic. In the past month, the indexes increased in 43 states, decreased in five, and remained unchanged in two (Georgia and New Mexico) for a one-month diffusion index of 76. Tue, 29 Nov 2011 15:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-permits/2011/PermitsNewsOct2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 29, 2011 - The Philadelphia Fed today posted an analysis of data on regional housing permits for October. From September to October, the issuance of residential building permits increased in New Jersey and fell in Pennsylvania, Delaware, and the nation. Tue, 29 Nov 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/EmploymentNewsOct2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 23, 2011 - The Philadelphia Fed today posted an analysis of October's state employment statistics for the Third District. Payroll employment increased in the three-state region from September to October, and unemployment rates fell in all three states. Wed, 23 Nov 2011 13:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/111711.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 17, 2011 - The November Business Outlook Survey's indicators for general activity, new orders, and shipments suggest growth but at a slightly slower rate than in October, and manufacturing employment has picked up. The survey's broadest measure of manufacturing conditions, the diffusion index of current activity, remained positive for the second consecutive month, but it decreased from 8.7 in October to 3.6. Thu, 17 Nov 2011 14:00:00 GMT http://www.philadelphiafed.org/research-and-data/real-time-center/survey-of-professional-forecasters/2011/survq411.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 14, 2011 - The outlook for growth and unemployment in the U.S. economy looks a little weaker now than it did three months ago, according to 45 participants in the Fourth Quarter Survey of Professional Forecasters. Mon, 14 Nov 2011 15:00:00 GMT http://www.philadelphiafed.org/publications/speeches/plosser/2011/11-08-11_global-interdependence-center.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 8, 2011 - President Charles I. Plosser presents "Our Monetary Policy Framework Through Commitment, Credibility, and Communication" at the Global Interdependence Center's Global Citizen Award in Philadelphia. Tue, 08 Nov 2011 18:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/UnemploymentRateOct2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 7, 2011 - The Federal Reserve Bank of Philadelphia's October nowcasts predict that unemployment rates will remain constant in Pennsylvania and Delaware and fall in New Jersey. Mon, 07 Nov 2011 13:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsSep2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 4, 2011 - The Philadelphia Fed today posted an analysis related to September's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. From August to September, labor market trends in the three-state region were mixed. Fri, 04 Nov 2011 12:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/110111.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS November 1, 2011 - The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for September 2011. Forty state coincident indexes are projected to grow over the next six months, while 10 are projected to decrease. Tue, 01 Nov 2011 14:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-permits/2011/PermitsNewsSep2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS October 28, 2011 - The Philadelphia Fed today posted an analysis of data on regional housing permits for September. From August to September, the issuance of residential building permits increased in Pennsylvania and fell in New Jersey, Delaware, and the nation. Compared with year-ago levels, permit issuance was down in the three-state region despite an increase nationally. Fri, 28 Oct 2011 12:30:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/102511.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS October 25, 2011 - The Federal Reserve Bank of Philadelphia today released the coincident indexes for September 2011. The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic. In the past month, the indexes increased in 30 states, decreased in 13, and remained unchanged in seven for a one-month diffusion index of 34. Tue, 25 Oct 2011 14:00:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/102011.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS October 20, 2011 - Responses to October's Business Outlook Survey suggest that regional manufacturing activity is showing signs of recovery, following several months of decline. The diffusion index of current activity increased to 8.7 in October from -17.5 in September. Thu, 20 Oct 2011 14:00:00 GMT http://www.philadelphiafed.org/publications/speeches/plosser/2011/10-12-11_zell-lurie-real-estate-center-wharton.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS October 12, 2011 - Philadelphia Fed President Charles I. Plosser gives his outlook for the economic recovery as part of the Samuel Zell and Robert Lurie Real Estate Center's Farash Distinguished Lecture at the Wharton School of the University of Pennsylvania. He also discusses the recent policy actions the Fed has taken and explains why he dissented from those actions. Wed, 12 Oct 2011 17:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/UnemploymentRateSep2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS October 11, 2011 - The Federal Reserve Bank of Philadelphia's September nowcasts predict that unemployment rates will rise in Pennsylvania and remain constant in New Jersey and Delaware. Tue, 11 Oct 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsAug2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 30, 2011 - The Philadelphia Fed today posted an analysis related to August's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. From July to August, labor market trends in the three-state region were mixed - with employment growing in about half of the areas and unemployment rates rising in most. Fri, 30 Sep 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/publications/banking-brief/2011/BB2Q2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 29, 2011 - The Philadelphia Fed has released its Second Quarter 2011 issue of Banking Brief, which analyzes recent banking trends in the tri-state region of Pennsylvania, New Jersey, and Delaware. Thu, 29 Sep 2011 20:00:00 GMT http://www.philadelphiafed.org/newsroom/press-releases/2011/092911.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 29, 2011 - The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for August 2011. Thirty-seven state coincident indexes are projected to grow over the next six months, while 13 are projected to decrease. Thu, 29 Sep 2011 14:00:00 GMT http://www.philadelphiafed.org/publications/speeches/plosser/2011/09-29-11_business-leaders-forum-villanova.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 29, 2011 - Philadelphia Fed President Charles I. Plosser presents his economic outlook to the Business Leaders Forum at the Villanova School of Business. He reviews the pace of the U.S. recovery, explains his recent FOMC dissents, and discusses the importance of having an explicit inflation goal. Thu, 29 Sep 2011 12:45:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/housing-permits/2011/PermitsNewsAug2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 28, 2011 - The Philadelphia Fed today posted an analysis of data on regional housing permits for August. From July to August, the issuance of residential building permits increased substantially in all states and the nation. However, all states and the nation exhibited declines or no change in total residential permits issued and in the value of permits issued year to date through August compared with the same eight-month period in 2010. Wed, 28 Sep 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/personal-income/2011/PersonalIncome2011Q2.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 23, 2011 - The Philadelphia Fed today posted an analysis of second quarter state personal income for Delaware, New Jersey, and Pennsylvania. Total personal income slowed but continued to grow from the first quarter to the second quarter of 2011 in Delaware, New Jersey, and Pennsylvania. By major income categories, gains were the strongest in dividends, interest, and rents. Fri, 23 Sep 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/2011/CoincidentIndexes0811.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 20, 2011 - The Federal Reserve Bank of Philadelphia today released the coincident indexes for August 2011. The coincident indexes combine four state-level indicators to summarize current economic conditions in a single statistic. In the past month, the indexes increased in 26 states, decreased in 17, and remained unchanged in seven for a one-month diffusion index of 18. Tue, 20 Sep 2011 14:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/EmploymentNewsAug2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 19, 2011 - The Philadelphia Fed today posted an analysis of August's state employment statistics for the Third District. Payroll employment declined in the three-state region from July to August, primarily as the result of a strike in the telecommunications industry. The unemployment rate increased in Pennsylvania, declined in New Jersey, and remained unchanged in Delaware. Mon, 19 Sep 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/2011/bos0911.cfm?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 15, 2011 - Responses to September's Business Outlook Survey suggest that regional manufacturing activity is continuing to contract, but declines are less widespread than in August. The diffusion index of current activity increased to -17.5 this month from -30.7 in August. Thu, 15 Sep 2011 14:00:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/UnemploymentRateAug2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 6, 2011 -The Federal Reserve Bank of Philadelphia's August nowcasts predict that unemployment rates will rise in Pennsylvania and Delaware and remain constant in New Jersey. Tue, 06 Sep 2011 12:30:00 GMT http://www.philadelphiafed.org/research-and-data/regional-economy/releases/employment/2011/MSANewsJul2011.pdf?utm_source=RSS&utm_medium=TM&utm_campaign=RSS September 2, 2011 - The Philadelphia Fed today posted an analysis related to July's metropolitan area employment data for Delaware, New Jersey, and Pennsylvania. From June to July, labor market trends in the three-state region were mixed - with employment growing and unemployment rates generally rising. Fri, 02 Sep 2011 12:30:00 GMT