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Sunday, February 12, 2012

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News & Advisories

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Forecasters See Stronger Labor Market

February 10, 2012 — The 45 participants in the first quarter Survey of Professional Forecasters see a stronger labor market, but their outlook for growth is mostly unchanged from that of three months ago. The forecasters are projecting that real GDP will grow 2.3 percent in 2012. They see an unemployment rate of 8.3 percent this year. Read the press release. Read the report.

Read About Workforce Development, Green Jobs, and More in the Winter 2012 Cascade

February 9, 2012 — The Winter 2012 issue of Cascade, the Bank’s community development newsletter, is now available. In this issue, read highlights from the National Fund for Workforce Solutions, a forum on effective community development corporations. Also included are an overview of green jobs training programs of the Energy Coordinating Agency of Philadelphia; findings from a study on the early labor experiences of young men; and a look at a Los Angeles workforce development initiative.

Business Conditions Index Updated

February 9, 2012 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the business conditions index with information on initial jobless claims for the week ending 2/4/2012.

Analysis: January Unemployment Rate Nowcasts

February 6, 2012 — The Federal Reserve Bank of Philadelphia’s January nowcasts predict that unemployment rates will decrease in Pennsylvania, New Jersey, and Delaware. Read the report.

Business Conditions Index Updated

February 3, 2012 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the business conditions index with information on payroll employment for January 2012.

Analysis: December 2011 Metropolitan Area Employment

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. Read the report.