Phila Fed Research

@PhilFedResearch

The Federal Reserve Bank of Philadelphia conducts research on numerous topics and disseminates this research through publications, releases, and conferences.

Philadelphia, PA (USA) philadelphiafed.org/research-and-d… Joined June 2009

183 Following 42K Followers 5K Posts

Latest posts 5

Phila Fed Research @PhilFedResearch Nov 5

Employment growth in the U.S. has slowed. Why hasn’t unemployment gone up as high as we would expect? Our latest #EconomicInsights suggests looking to the breakeven rate for a clearer picture. Read the article: bit.ly/4z76Ua5

www.philadelphiafed.org The New Normal: Low Employment Growth in the U.S. Labor Market Economic Insights — Employment growth has slowed considerably in the United States. After expanding by 120,000 per month during 2024, monthly payrolls grew on average by just 10,000 during 2025.

Phila Fed Research @PhilFedResearch Nov 3

Was postpandemic inflation a necessary trade-off for the government fiscal transfers in 2020–2021? Philadelphia Fed economists compare data across the pandemic, the Great Depression, and the Great Recession to explore answers. bit.ly/4zp9vgC

www.philadelphiafed.org How Did the U.S. Policy Response to the COVID-19 Pandemic Affect Inflation and Economic Growth? Research in Focus — Fiscal transfers during the pandemic averted a depression-scale collapse at the cost of higher inflation rates, but supply-side disruptions explain most of the inflation surge.

Phila Fed Research @PhilFedResearch Oct 5

Real-world spending and saving behaviors of couples and families are more complex than existing economic models suggest. A new model from Andrew Hertzberg accounts for this difference and what it means for household finances. #ResearchInFocus bit.ly/4jzOR8q

www.philadelphiafed.org Why Couples Overspend Even When Both Partners Are Rational Savers Research in Focus — A new model shows that shared household finances create a

Phila Fed Research @PhilFedResearch Sep 29

U.S. manufacturing may be more productive than official stats suggest. Recent research shows quality improvements in durable goods are boosting productivity beyond what traditional measures capture. Read more in our latest #ResearchInFocus. bit.ly/4hcsrc3

www.philadelphiafed.org Are Conventional U.S. Manufacturing Productivity Statistics Understating Productivity Growth? Research in Focus — Enghin Atalay of the Philadelphia Fed and his coauthors adjusted manufacturing total factor productivity statistics using consumer prices to account for product quality improvem...

Phila Fed Research @PhilFedResearch Sep 10

Why do some credit card holders get a bump in their credit limit after opening a second card — and what does that say about their creditworthiness? Our latest #ResearchInFocus explores how lenders interpret information about emerging borrowers. bit.ly/3SF9FAA

www.philadelphiafed.org When Credit Card Holders Open a Second Line of Credit, What Does It Signal to Their Original Card... Research in Focus — Many people assume that a borrower with a higher credit limit is more likely to default, but when we look at the allocation of credit across first-time borrowers, the pattern...