Working Paper
Rental Prices and the Cost of Living in the United States, 1914-2006
WP 26-28 – The Rent of Primary Residence (RoPR) series constructed by the Bureau of Labor Statistics implies that nominal rental prices increased by just 2.6 percent per year from 1914 to 2006 while overall prices grew by 3.3 percent.
Featured Work
Working Paper
Fast Locations and Slowing Mobility
WP 26-26 – Declining internal migration in the United States is driven by increasing home attachment in “fast” locations with previously high rates of population turnover.
Article
Building Bridges: An Outreach Economist's Role in Connecting Data to Daily Life
Ryo Tashiro is the Philadelphia Fed's eyes and ears on the ground. The outreach economist crisscrosses the Third District, making sense of economic trends for businesses and communities — and capturing local insights to help inform national monetary policy discussions.
Working Paper
The Impact of Early Investments in Urban School Systems in the United States
WP 26-15 – Urban schools increased per pupil expenditures by 70 percent from 1918 to 1924, and these resources led to greater educational attainment and higher wages for less advantaged children.
Featured Data
Third District Beige Book
Qualitative assessment of economic conditions in the Third District released prior to each FOMC meeting
Updated: 15 Apr ’26
Manufacturing Business Outlook Survey
A monthly survey of manufacturers in the Third Federal Reserve District
Updated: 21 May ’26
Nonmanufacturing Business Outlook Survey
Monthly survey of nonmanufacturing firms in the Third Federal Reserve District
Updated: 26 May ’26
State Coincident Indexes
Monthly index of general economic conditions for each of the 50 states
Updated: 29 May ’26
Price and Inflation Expectations Survey
Quarterly survey of price and inflation expectations among manufacturing and nonmanufacturing firms in the Third District
Updated: 27 May ’26
COVID-19 Business Outlook Survey
Special survey (now monthly, previously weekly) of firms in the Third District
Updated: 23 Dec ’20