The Philadelphia Fed manufacturing employment index rose 2 points to 0.8 in March 2026. More than 74 percent of the firms reported no change in employment levels this month; almost 13 percent reported increases, while 12 percent reported decreases. The average workweek index rose 14 points and turned positive at 2.8. source: Federal Reserve Bank of Philadelphia

Philly Fed Employment in the United States averaged 2.30 points from 1968 until 2026, reaching an all time high of 41.10 points in August of 2020 and a record low of -51.80 points in March of 2009. This page includes a chart with historical data for the United States Philly Fed Employment. United States Philly Fed Employment - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Related	Last	Previous	Unit	Reference
Coincident Index	148.70	148.70	points	Dec 2025
Philadelphia Fed Manufacturing Index	18.10	16.30	points	Mar 2026
Philly Fed Business Conditions	40.00	42.80	points	Mar 2026
Philly Fed CAPEX Index	25.80	14.40	points	Mar 2026
Philly Fed Employment	0.80	-1.30	points	Mar 2026
Philly Fed New Orders	8.60	11.70	points	Mar 2026
Philly Fed Prices Paid	44.70	38.90	points	Mar 2026

United States Philly Fed Employment

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.