Current Average Employee Workweek; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia
Not Seasonally Adjusted
AWBNINC156MNFRBPHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.30
Year-over-Year Change
-8.33%
Date Range
3/1/2011 - 7/1/2025
Summary
This series measures not seasonally adjusted average weekly earnings for manufacturing production and nonsupervisory employees in the Philadelphia metropolitan area. It provides insight into local wage trends that can inform economic policy and household-level analysis.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The not seasonally adjusted average weekly earnings series tracks changes in nominal wages for manufacturing workers in the Philadelphia region. It is a key economic indicator used to assess employment conditions, purchasing power, and cost-of-living dynamics at the local level.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by economists, policymakers, and regional analysts to understand labor market developments and their implications for the broader economy.
Key Facts
- The Philadelphia metro area accounts for over 10% of Pennsylvania's total employment.
- Manufacturing makes up approximately 10% of total employment in the Philadelphia region.
- Nominal wage growth is a key input for assessing local cost-of-living changes.
FAQs
Q: What does this economic trend measure?
A: This series tracks the not seasonally adjusted average weekly earnings for manufacturing production and nonsupervisory employees in the Philadelphia metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into local wage dynamics that can inform economic policy decisions and household-level analysis.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists, policymakers, and regional analysts to understand labor market developments and their implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Not Seasonally Adjusted (AWBNINC156MNFRBPHI), retrieved from FRED.