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News & Advisories

August’s Coincident Indexes Show Increased Economic Activity in 49 States over the Past Three Months

September 29, 2020 — The Bank has released the August state coincident indexes, which measure current economic activity in each of the 50 states. This month’s coincident indexes indicated increases in 49 states over the past three months. Read the note in the report regarding the impact of the COVID-19 pandemic on the coincident indexes. Read the report.

President Patrick Harker Says Economic Growth Depends on Decline of COVID-19 Infections and Continued Fiscal Support

September 29, 2020 — The U.S. economy is recovering more strongly than originally anticipated, but significant risks related to COVID-19 and fiscal policy remain, said Patrick T. Harker, president and CEO of the Federal Reserve Bank of Philadelphia. Harker, delivering a keynote address virtually at the Official Monetary and Financial Institutions Forum, focused on artificial intelligence and machine learning. Read the press release.

Weekly Labor Market Information Released

September 24, 2020 — The Federal Reserve Bank of Philadelphia has released its weekly labor market information for Delaware, New Jersey, and Pennsylvania. Read the report.

Business Conditions Index Updated

September 24, 2020 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on initial jobless claims for the week ending 9/19/2020.

CFI COVID-19 Survey of Consumers – Job Interruptions and Income Disruptions Are Affecting the Vulnerable More

September 24, 2020 — This report shares results from Wave 4 of a national survey of consumers investigating COVID-19 impacts on job status, income, and personal financial security. Read the Report.

Current Indicators Suggest Further Improvement in Nonmanufacturing Activity in September

September 22, 2020 — Nonmanufacturing firms reported continued signs of improvement in regional nonmanufacturing activity this month, according to results from the Nonmanufacturing Business Outlook Survey. The diffusion index for current general activity at the firm level rose from 17.9 in August to 20.4 in September, its fourth consecutive positive reading since reaching record lows in the spring. Both future activity indexes suggest more widespread optimism about growth over the next six months. Read the report.

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