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Journal Article
Unemployment rates in tri-state metropolitan areas
The national unemployment rate is a closely watched monthly economic statistic. It provides a measure of the health of the labor market and is one of many statistical gauges of economic conditions. The U.S. Bureau of Labor Statistics calculates the national unemployment rate as well as unemployment rates for the 50 states and many sub-state areas. This Research Rap Special Report looks at unemployment rates at one of these sub-state levels ? the metropolitan area ? in the three states in the Third Federal Reserve District: Delaware, New Jersey, and Pennsylvania. Metropolitan area unemployment ...
Journal Article
First quarters in the national income and product accounts
Prompted by their expectations of an initial estimate of a marked slowdown in U.S. real gross domestic product growth in the first quarter of 2015, commentators and analysts have drawn attention to an apparent ?first-quarter effect? in the U.S. national income and product accounts
Journal Article
State tax revenue in the Third District
Journal Article
Oil prices in the Third District states
Journal Article
Inflation targeting and revisions to inflation data: a case study with PCE inflation
Central banks around the world have come to recognize the importance of maintaining low and stable inflation. One widely employed tool for helping to do so is known as inflation targeting, whereby a central bank sets a numeric goal for inflation. Once this target is publicly stated, the bank can be held accountable for its actions in regard to meeting, or not meeting, this target. Countries that have adopted such a tool have generally had a favorable experience, and there is evidence that inflation targeting is correlated with increased stability in output growth, lower inflation, and more ...
Journal Article
The effectiveness of the state coincident indexes
The Federal Reserve Bank of Philadelphia has produced state coincident indexes since 2005. These indexes are monthly indicators of economic activity for each of the 50 U.S. states, based on a composite of four widely available data series on state conditions: total nonfarm payroll employment, the unemployment rate, average hours worked in manufacturing, and real wages and salary disbursements.
Journal Article
The long-run effects of the bankruptcy reform bill
Journal Article
Was job quality “job one” in the tri-state region’s economic recovery?
Employment growth has been the most hesitant part of this recovery. Labor markets have been weaker for longer in this recovery than in the other postwar recoveries, even the so-called ?jobless recovery? of 1991-92, at least by some measures.
Journal Article
Marking NBER recessions with state data