The Federal Reserve Bank of Philadelphia’s Community Outlook Survey

The Federal Reserve Bank of Philadelphia

Eighty-six organizations participated in the first quarter of 2013 survey and evaluated key indicators affecting the LMI community. Job availability improved for the third consecutive quarter, although at a slower rate than in the fourth quarter of 2012. LMI financial well-being and access to credit continued to worsen but at a slower rate than before. The responding organizations struggled in the first quarter, while the leveling off in the demand for organizations’ services that occurred in the fourth quarter of 2012 proved to be short-lived. Still, agencies remain optimistic that improvements will be realized in the second quarter, although there is little evidence to support that claim.

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Teaser/Summary
The Federal Reserve Bank of PhiladelphiaÂ’s Community Outlook Survey monitors the economic factors affecting low- and moderate-income (LMI) households in the Third Federal Reserve District, which includes Delaware, southern New Jersey, and eastern Pennsylvania.