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First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
National Bureau of Economic Research (NBER)
Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC Dec2009 - Sep2010.

Last Peak in U.S. Economic Activity was December 2007 and Current Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001.

More Federal Reserve System News

Latest Economic Results Provided by
May Employment rose by 2,500,000
Unemployment Rate fell to 13.3%

06/05/20 - Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic …more…

1Q2020 Productivity Growth Decreased 0.9%

06/04/20 - Nonfarm business sector labor productivity decreased 0.9 percent in the first quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output decreased 6.5 percent and hours worked decreased 5.6 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the first quarter of 2019 to the …more…

Goods and Services Deficit Increased in April 2020

06/04/20 - The nation's international trade deficit in goods and services increased to $49.4 billion in April from $42.3 billion in March (revised), as exports decreased more than imports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from …more…

Weekly Initial Unemployment Claims Decrease 249,000 to 1,877,000

06/04/20 - In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week's revised average. …more…

Challenger Layoffs announced 397,016 cuts in May 2020

06/04/20 - Job cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April’s total of 671,129, the highest monthly total on record. Despite the drop, last month’s total is the second highest monthly total on record since global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. began tracking …more…

New orders for manufactured goods decreased 17.7 % in April

06/03/20 - Summary
New orders for manufactured goods in April, down three of the last four months, decreased $57.5 billion or 13.0 percent to $384.3 billion, the U.S. Census Bureau reported today. This followed an 11.0 percent March decrease. Shipments, down four consecutive months, decreased $63.6 billion or 13.5 percent to $406.8 billion. This followed …more…

ISM Non-Manufacturing Index increased to 45.4% in May

06/03/20 - Economic activity in the non-manufacturing sector contracted in May for the second consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®.

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Non-Manufacturing Business Survey Committee: “The NMI® registered 45.4 percent, 3.6 percentage points higher than the April reading of 41.8 …more…

Purchase Apps down, Refi's down in Latest MBA Weekly Survey

06/03/20 - Mortgage applications decreased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 29, 2020. This week's results included an adjustment for the Memorial Day holiday.

The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 14 percent compared with the previous week. The Refinance Index decreased 9 …more…

ADP National Employment Report decreased by 2,760,0000 jobs in May

06/03/20 - Private sector employment decreased by 2,760,000 jobs from April to May according to the May ADP National Employment Report®. The report utilizes data through the 12th of the month.

“The impact of the COVID-19 crisis continues to weigh on businesses of all sizes,” said Ahu Yildirmaz, co-head of the ADP Research Institute. “While the labor market is still reeling from the effects of the pandemic, job loss likely peaked in April, as many states have …more…

Paychex-IHS Small Business Jobs Index improved slightly to 94.63 in May

06/02/20 - The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states. Amid the economic impacts of the COVID-19 pandemic, the jobs index has fallen 3.95 percent year-over-year, most of which (3.52 percent) occurred in the past …more…

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Philadelphia Federal Reserve
10 N Independence Mall W
Philadelphia, PA 19106
(Seventh & Arch St Entrance)

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Philadelphia, PA

CFA Society of Philadelphia

Bond Club of Philadelphia - Economic Events and News

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