Students in coats and backpacks walking up the steps outside of a school.

How Restrictions on Teenage Driving Affect Dropout Rates

Research in Focus — For teenagers, few choices weigh as heavily as whether to finish high school. Does being able to drive affect their decision? This study explores several possible outcomes.

Featured Work

Regional Economics

Working Paper

The Push of Big City Prices and the Pull of Small Town Amenities

WP 22-41 – As house prices rise in large, housing-constrained cities, what are the implications for places that have room to grow? We explore how amenities have differentially driven population and price dynamics in big cities and small towns.

Barriers, Blockages, and Blacktop: When Freeways Traverse Metropolitan Areas, Urban Neighborhoods Often Face Negative Consequences

Research in Focus — The U.S. freeway network was conceived as a contributor to regional growth. Evidence shows, however, that freeways also brought detractions, especially for urban neighborhoods.

Regional Spotlight: Measuring State Employment

Economic Insights — The Bureau of Labor Statistics revises its state employment numbers only once a year, but by using the same data, the Philadelphia Fed can revise those numbers quarterly.

Featured Data

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Manufacturing Business Outlook Survey

Monthly survey of manufacturers in the Third District

Updated: 19 Jan ’23

Map of the United States

State Leading Indexes

Six-month forecast of the coincident index for each of the 50 states

Updated: April 29, 2020

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COVID-19 Business Outlook Survey

Special survey (now monthly, previously weekly) of firms in the Third District

Updated: 23 Dec ’20

November 2019 Map

State Coincident Indexes

Monthly index of general economic conditions for each of the 50 states

Updated: 27 Jan ’23

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Nonmanufacturing Business Outlook Survey

Monthly survey of nonmanufacturing businesses in the Third District

Updated: 24 Jan ’23

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Third District Beige Book

Qualitative assessment of economic conditions in the Third District released prior to each FOMC meeting

Updated: 18 Jan ’23