December 6, 2019 — Unemployment rates for November are expected to remain unchanged in New Jersey and increase in Pennsylvania and Delaware, according to the Federal Reserve Bank of Philadelphia’s nowcasts. Read the report.
December 3, 2019 — The Bank has released October’s leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 44 states into the second quarter of 2020. Read the report.
November 27, 2019 — On balance, business activity in the Third District continued at a modest pace of growth during the current Beige Book period. Labor markets tightened further throughout the District, accompanied by slowing employment growth and continued moderate wage growth. Price increases remained modest. Most firms expressed cautious optimism but continued uncertainty. Read the national summary. Read the Philadelphia summary.
November 27, 2019 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis’s release today of quarterly data from the national income and product accounts.
November 26, 2019 — Responses to the November Nonmanufacturing Business Outlook Survey suggest continued expansion in nonmanufacturing activity in the region. After falling sharply last month, the diffusion index for current general activity at the firm level more than recovered and increased 23 points in November to 31.7. The survey’s index for firm-level future activity held steady, suggesting continued optimism about growth over the next six months. Read the report.