The Economy
We produce and compile research and data on the overall economy, banking and financial markets. Our goal is to help financial institutions operate in a safe manner and support a robust U.S. financial system.
Brief
Delayed Sampling of Recent Immigrants in the Current Population Survey
Research Brief — We show that the Current Population Survey (CPS) undercounts immigrants for up to five years after arrival. We provide methods to interpolate year of immigration and correct for undercounting by upweighting recent immigrants observed in the CPS.
Research
Our Research Department's high-quality academic and original research supports the Federal Open Market Committee (FOMC) and the Bank's leadership as they address economic, finance, and public policy issues.
Aruoba-Diebold-Scotti Business Conditions Index
07 Feb ’25
An index designed to track real business conditions at high observation frequency
Working Paper
Who Remains Unbanked in the United States and Why?
WP 25-02 – This paper conducts a detailed exploration of the factors associated with unbanked status among U.S. households and how these relationships evolved between 2015 and 2019.
COVID-19
COVID-19 and the Philadelphia Fed
Get the Philadelphia Fed’s latest information, resources, and research on the coronavirus pandemic's impact on businesses, households, and communities.
Workforce & Economic Development
Article
Nonworking Parents or Hungry Children
Economic Insights — Did the expanded Child Tax Credit help struggling families? Did it also encourage parents to leave the workforce? Answering these questions can help policymakers decide whether to extend or permanently expand the credit in 2025.
Event
Apr
10-11
2025
2025 Fintech and Financial Institutions Research Conference
Federal Reserve Bank of Philadelphia
Data
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability
17 Jan ’25
Fujita, Moscarini, and Postel-Vinay Employer-to-Employer Transition Probability tracks the rate at which U.S. workers transition from one employer to another in a given month.
Working Paper
Flood Underinsurance
WP 24-23 – Using data on expected flood damage and National Flood Insurance Program policies, we estimate annual flood risk protection gaps and underinsurance among single-family residences in the contiguous United States.
Research
Research Assistant Opportunities for College Graduates
Working as a research assistant at the Philadelphia Fed is a rewarding experience, whichever career path you ultimately choose to pursue.