This report summarizes responses to topical questions posed periodically in the New York Fed’s Empire State Manufacturing Survey and Business Leaders Survey.
-
-
-
The mission of the Applied Macroeconomics and Econometrics Center (AMEC) is to provide intellectual leadership in the central banking community in the fields of macro and applied econometrics.
The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
The monthly Empire State Manufacturing Survey tracks the sentiment of New York State manufacturing executives regarding business conditions.
This ongoing Liberty Street Economics series analyzes disparities in economic and policy outcomes by race, gender, age, region, income, and other factors.
-
-
-
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
-
-
-
The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
-
-
-
We are connecting emerging solutions with funding in three areas—health, household financial stability, and climate—to improve life for underserved communities. Learn more by reading our strategy.
The Economic Inequality & Equitable Growth hub is a collection of research, analysis and convenings to help better understand economic inequality.
The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
-
Supplemental Survey Report
February 2023: Wages Up 5-6 Percent in the Past Year; Gains Expected to Moderate over the Next Year
Responding to special labor market questions in February’s regional surveys, service firms reported a median rise in worker pay over the last year of 5.0 percent, while manufacturers reported a median rise of 6.0 percent. Those increases that were considerably steeper than before and during the pandemic. The average expected change in wages was projected to slow to just over 3 percent over the twelve months ahead for both service and manufacturing firms.
Read the full report for more on recent and projected changes in wages, firms’ assessment of minimum wage effects, and the prevalence of job openings.
Regional Economy
Read the full report for more on recent and projected changes in wages, firms’ assessment of minimum wage effects, and the prevalence of job openings.
Related Reading
Additional research and data from our Regional team:Regional Economy
Reports
2023 |
|
| February | Expected Changes in Workforce and Wages; Minimum Wage Effects Wages Up 5-6 Percent in the Past Year; Gains Expected to Moderate over the Next Year |
2022 |
|
| December | Selling Prices, Input Prices, and Overall Inflation Businesses Foresee Inflation Moderating Next Year |
| November | Workforce Issues Firms Struggling to Expand Workforce |
| August | Trends in Remote Work Service Sector Businesses See Remote Work Persisting Related reading: Liberty Street Economics post |
| May | Expected Selling Prices and Overall Inflation Businesses See Inflation Moderating after Next Year Related reading: Liberty Street Economics post |
| February | Labor and Supply Shortages, Absenteeism, and Minimum Wage Businesses Hampered by Supply Disruptions, Labor Shortages, and Absenteeism Related reading: Liberty Street Economics post |
2021 |
|
| December | Prices Paid and Supply Disruptions Businesses Report Sharp Acceleration in Most Costs |
| November | Supply Chain and Workforce Issues Supply Disruptions Seen Worsening; Firms Struggling to Expand Workforce |
| October | Supply Disruptions Supply Disruptions Taking a Toll on Many Businesses Related reading: Liberty Street Economics post |
| August | Difficulties in Filling Job Openings Most Businesses Having Difficulty Filling Job Openings |
| June | Sales Activity, Employment Levels, and Remote Work Businesses Expect a Strong Half of 2021 and More Remote Working after the Pandemic |
| April | Business Revenues, Constraints, and Wages Business Revenues Seen Rebounding When Conditions Return to Normal Related reading: Liberty Street Economics post |
| February | Minimum Wage Effects and Supply Disruptions Manufacturers Report More Unfilled Jobs, Note Fairly Widespread Supply Disruptions |
Archive
Past Supplemental Survey Reports, 2014-20
Predecessor Reports (supplementing Empire survey only), 2008-13
About Supplemental Survey Report
The New York Fed’s core regional surveys query manufacturing and service sector firms on issues affecting their businesses. A Supplemental Survey Report now publishes four times per year.
Explore Our Surveys
Related New York Fed Content
Contacts
If you are interested in being a Survey Panelist, please contact research.publications@ny.frb.org
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement. 
