Observations

Jan 2026: 41.9

Updated: Jan 20, 2026 7:37 AM CST

Units:

Index,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Current Wages and Benefit Costs; Diffusion Index for FRB - Philadelphia District	2015-04-21	2020-07-23
Current Wages and Benefit Costs; Diffusion Index for Federal Reserve District 3: Philadelphia	2020-07-24	2026-01-20

Source

Federal Reserve Bank of Philadelphia	2015-04-21	2026-01-20

Release

Nonmanufacturing Business Outlook Survey	2015-04-21	2026-01-20

Units

Index	2015-04-21	2026-01-20

Frequency

Monthly	2015-04-21	2026-01-20

Seasonal Adjustment

Not Seasonally Adjusted	2015-04-21	2026-01-20

Notes

Current Wages and Benefit Costs reports the change in wages and benefit costs compared to the previous month for reporting service firms. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/ .	2015-04-21	2026-01-20

Current Wages and Benefit Costs; Diffusion Index for Federal Reserve District 3: Philadelphia (WBBNDIF066MNFRBPHI)