- Philadelphia Services Employment Index: đ
- Declined by 10.0 points to -14.9 in August.
- Lowest level since May 2020.
- Marks the second consecutive month of negative readings.
- Full-Time Job Reductions: đœ
- 27.3% of respondents reported decreases in full-time jobs.
- Highest share since May 2020.
- Non-Manufacturers' Business Activity: đ
- General assessment plummeted to -25.1 points.
- Lowest level since December 2020.
Overall: The labor market shows significant cracks, with troubling declines in employment and business activity.