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Get Up-to-Date Regional Economic Analysis

For immediate release
Contact: Katherine Dibling, 215-574-4119

Philadelphia, Pa. – Beginning Monday, April 9, 2007, the Research Department of the Federal Reserve Bank of Philadelphia will post commentary on its website within one week of the regional data releases, including monthly building permits (Census Bureau) External Link and employment (Bureau of Labor Statistics) External Link and quarterly housing prices as reported by the Office of Federal Housing Enterprise Oversight (OFHEO). External Link (For a calendar of 2007 releases, see below.)

Commentary will include tables and charts incorporating data for Delaware, New Jersey, and Pennsylvania, as well as specific metropolitan statistical areas (MSAs) in the region. The reports will be posted on this website.

“While our quarterly regional economic summaries have been useful, we wanted to increase the timeliness of our responses to regional data. We will post these reports within one week of the releases,” said Tim Schiller, senior economic analyst. Schiller along with Jason Novak, also a senior economic analyst in the Philadelphia Fed Research Department, will produce these reports.

The news releases will replace the Research Department’s quarterly summary of regional economic conditions, Regional Highlights.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank holding companies, and provides financial services to depository institutions and the federal government. One of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Calendar of 2007 Data Releases

  • April
    20 Employment
    24 Building Permits
  • May
    18 Employment
    24 Building Permits
  • June
    1 House Prices
    19 Employment
    26 Building Permits
  • July
    20 Employment
    26 Building Permits
  • August
    17 Employment
    24 Building Permits
  • September
    4 House Prices
    25 Employment
    27 Building Permits
  • October
    19 Employment
    25 Building Permits
  • November
    20 Employment
    28 Building Permits
    29 House Prices
  • December
    21 Employment
    27 Building Permits

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Media Contacts

Marilyn Wimp, ABC E-mail
Manager of Media Relations
(215) 574-4197
(267) 254-4555 (cell)

Daneil Mazone E-mail
Media Relations Representative
(215) 574-7163
(267) 535-1808 (cell)