Federal Reserve Bank of Philadelphia Issues Beige Book on Sept. 3, 2025
September 05, 2025
September 05, 2025
WASHINGTON, Sept. 5 -- The Federal Reserve Bank of Philadelphia issued the following Beige Book on Sept. 3, 2025:
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Summary of Economic Activity
Business activity in the Third District increased modestly after declining modestly in the prior period. Employment levels held steady during the period, as did wage growth, which remained near its modest pre-pandemic rate. For some entry-level positions and some workers, wage increases are no longer keeping pa . . .
* * *
Summary of Economic Activity
Business activity in the Third District increased modestly after declining modestly in the prior period. Employment levels held steady during the period, as did wage growth, which remained near its modest pre-pandemic rate. For some entry-level positions and some workers, wage increases are no longer keeping pa . . .