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Wednesday, May 22, 2013

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News & Advisories

Survey: LMI Households Experience Better Job Availability, Worsened Financial Conditions

May 22, 2013 — Service providers to low- and moderate-income (LMI) households in the region report that job availability for their clients improved for the third consecutive quarter, according to the Bank’s First Quarter 2013 Community Outlook Survey. At the same time, these service providers see worsened financial conditions for their clients. Read the survey.

April's Coincident Indexes Show Increased Economic Activity in 45 States

May 21, 2013 — The Bank has released the coincident indexes, which measure current economic activity in each of the 50 states. In April, the indexes increased in 45 states; over the past three months, the indexes increased in 47 states. Read the report.

Analysis: April State Employment Data

May 20, 2013 — The Philadelphia Fed today posted an analysis of April’s state employment statistics for Delaware, New Jersey, and Pennsylvania. Labor market conditions in the Third District were generally favorable in April, as payroll employment grew and unemployment rates fell in New Jersey and Pennsylvania. Read the report.

Region’s Manufacturers Report Weakened Business Activity

May 16, 2013 — Manufacturing firms responding to the Bank’s Business Outlook Survey reported weakened business activity. The survey’s index of current activity decreased to -5.2 in May from 1.3 in April. Future indicators suggest that respondents remain optimistic about business activity over the next six months. Read the report.

Business Conditions Index Updated

May 16, 2013 — 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 5/11/2013.

Speech: A Perspective on the U.S. Economic Outlook and Monetary Policy

May 16, 2013 — President Charles I. Plosser speaks in Milan, Italy and gives his outlook for the U.S. economy. His remarks are similar to the speech given May 14, 2013, and include a review of key principles, which he first outlined in March 2011, to guide the Fed's eventual exit from its highly accommodative policies. His exit proposal is largely consistent with the FOMC's strategy released in June 2011. Read the speech.

Business Conditions Index Updated

May 15, 2013 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the ADS business conditions index with information on industrial production for April 2013.