September 6, 2019 — Unemployment rates for August are expected to decrease in New Jersey, remain unchanged in Pennsylvania, and increase in Delaware, according to the Federal Reserve Bank of Philadelphia’s nowcasts. Read the report.
September 6, 2019 — The Philadelphia Fed has updated its monthly Tri-State Tracking series that provides statewide summaries of economic conditions using monthly and quarterly data of employment, housing, and personal income. The latest update includes monthly data for employment, building permits, and mortgage delinquencies through July 2019; quarterly data for house prices through the second quarter of 2019; and personal income through the first quarter of 2019. Read the reports for Delaware , New Jersey , and Pennsylvania .
September 4, 2019 — On balance, business activity in the Third District continued at a modest pace of growth during the current Beige Book period. Contacts continued to report difficulty in finding qualified labor, and wage increases remained moderate. Still, inflation remained modest. Firms remained positive about the six-month outlook, although some expressed more caution given uncertainty. Read the national summary. Read the Philadelphia summary.
August 30, 2019 — The Bank has released July’s leading indexes, which are a six-month forecast of the state coincident indexes. The coincident indexes measure current economic activity in each of the 50 states. This month's leading indexes suggest economic expansion in 43 states into the first quarter of 2020. Read the report.
August 29, 2019 — The Federal Reserve Bank of Philadelphia’s Real-Time Data Research Center has updated the Aruoba Term Structure of Inflation Expectations (ATSIX), a smooth, continuous curve of inflation expectations three to 120 months ahead. The ATSIX is created by using a factor model that optimally combines several major surveys.