Fifty-one percent of the
firms indicated that they had recently experienced problems filling job
openings because applicants lacked sufficient skills.0% 100.6 35. They allow searches within
the part of the web visited by users of social bookmarking services and allow
Web surfers to store and quickly access all the interesting pages they have
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The future employment index decreased three points, but a larger percentage of
firms expect to increase payrolls over the next six months (31 percent) than
expect to decrease them (12 percent).5 15.4 10.3 30.5 17.7

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2% 36.7
Inventories 9.7 17.4 23.com .

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Although
the general activity index decreased slightly this month, indicators for new
orders and shipments showed improvement.9%
Basic skills (reading , writing, math) 55.5% 14.0% 100.8 17.1 60.7 12 .com

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4%
Specific plant and system operator
skills 66.4%
Smaller 6.3% 11.1 12.9 17 14.8
Shipments 27 .6 39.4 22.0
Prices Received 24.

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Nearly 16
percent of the firms indicated that the gap was greater than it was six months
ago, and 19 percent said that it was greater than a year ago.8 14.7 -8.1 7.

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Firms continued to report higher
prices for inputs and their own manufactured goods, although the survey's
price indicators continued to moderate. However, the percentage of firms reporting
increased employment (17 percent) was somewhat lower than in February (24
percent ).1%
Have had no openings 11.9%
Total 100.6% 76 .6 41.5 29.0 50.

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0%
No 37.4% 21.0%

If yes, what are the three most significant skill categories that
applicants are lacking?

Percent choosing specific skill category*
March 2006 April 2004
Skills in the use of production
machines or tools 92.8
Shipments 22.8 50.8 72.1
Prices Paid 30.4
Average Employee Workweek 8.3 7.FirstStopWebSearch .

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PHILADELPHIA, Federal Reserve Bank of
Philadelphia today issued the following:

Activity in the region's manufacturing sector continues to grow in March,
according to firms surveyed for this month's Business Outlook Survey. The region's manufacturing executives
remain generally optimistic about growth in business at their firms over the
next six months, although future indicators suggest less optimism than last
month. The new
orders index increased eight points this month, and the shipments index
increased two points. February

Previous
Diffusion No Diffusion
Index Increase Change Decrease Index

What is your evaluation
of the level of general
business activity? 15.3
Unfilled Orders 10.2 16.9 74.

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3 this month.
In special questions this month firms were asked about their experiences
filling recent job openings (see Special Questions). Price pressures
remain but continue to show a moderating trend.6% 40.0 9.6 20.9 17.3
Prices Paid 33.

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Price Pressures Continue to Moderate
Firms reported higher production costs again, although price pressures
moderated for the fifth consecutive month. skills 51.9% 23. In general, how has the gap between required skills and available
skills changed over the following periods?

Now, compared Now, compared
to six months ago to one year ago
Larger 15.1 31.1 46.0 19.7
Capital Expenditures 23.0 23. Software from FirstStop Web Search Adds Social Bookmarks Search Category

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4% 42.8% 69.4 54.8 11.5 22.7 67.7 6.2 37.3 50.

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Higher prices for final manufactured goods were reported by 19 percent of
the firms, slightly lower than the 24 percent that reported them last month.6 14.7 11.2 15 .8 53.0
Number of Employees 22.net.

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4 in February to 12.
Continued expansion in manufacturing is evident in replies to questions
about employment and hours worked. Twenty-three percent of the firms
reported higher input prices, but this was down from 36 percent in February
and 53 percent in January.4 22.6 10.1 3.3 17.6
Company Business
Indicators
New Orders 38.8 19.0 38. This
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The most frequently cited skills that applicants lacked were the
use of production machines; specific plant operator skills; and basic skills
in reading , writing, and math.6% 50.0%
Supervisory, management, or
admin.2
Unfilled Orders 2., FirstStop WebSearch, LLC
announced today the addition of a Social Bookmarks search category within
FirstStop WebSearch (http://www.

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Respondents were asked about whether the gap
between required skills and available skills has changed over time.

2.0%

BUSINESS OUTLOOK SURVEY
(March 2006) March vs.2
Prices Received 18.0
Inventories 1.7 41.net and Spurl.

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search engines and web sites simultaneously for a more comprehensive Internet
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Product Information/Corporate Information
805-712-1510
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Other broad indicators rose moderately, however. The current employment index fell six points this month. The future general activity index fell 17 points, but the new
orders index fell only six points and the shipments index fell five points.7
Delivery Times 8.1 5.4 31.0
Average Employee Workweek 11.5 31.
With a single search, users can now obtain an aggregated list of search
results bookmarked by users of popular social bookmarking systems such as
LookSmart's Furl.
The new search category will be pre-installed in all new downloads and
will be available via update for the existing users of FirstStop WebSearch.

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8 54.2
Delivery Times -1.9 13.1 62.

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Firms, on balance, reported higher unfilled orders and
longer delivery times again this month, although these two indexes were lower
than in last month. On balance,
the workweek continued to increase this month: More firms reported a longer
workweek (17 percent) than reported a shorter one (11 percent).1%

*The totals sum to more than 100% because each participant could choose
three categories.9% 19.3%
100.4 63.3
Company Business
Indicators
New Orders 12.5 34.3 26.5 17.9 12.4 8.com), its award-winning
meta-search engine software product.

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3%
Same 77.0 64.6 1.7 31.4 4.net, CiteULike . The fact that people take time to bookmark
and annotate web pages is evidence of the quality of the indexed content.com/ ), a
service of eMediawire.

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Has your firm experienced problems filling job openings in the past
three months because applicants did not have sufficient qualifications?

March 2006 April 2004
Yes 51.6%
English language skills 18.5 24.2 18.3 11.FirstStopWebSearch. The most popular systems, such as Furl.prwebdirect.

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Manufacturing Expansion Continues
The survey's broadest measure of manufacturing conditions, the diffusion
index of current activity , decreased from 15.

Six-Month Forecasts Are Less Optimistic
Expectations for future manufacturing growth deteriorated somewhat this
month; however, expectations for new orders, shipments , and employment remain
favorable. Firms expect continued
improvement of manufacturing business over the next six months, even though
expectations were not as strong as in February.

Special Questions (March 2006)

1.4
Number of Employees 11.1 -4.3 37.9 31.org, and Zniff.
To maximize the benefit of social bookmarks for web searchers and to
provide access to a larger number of bookmarked pages, FirstStop WebSearch
combines the most popular services into one meta-search category, which allows
users to query multiple social bookmarking systems all at once and receive an
aggregated list of search results. FirstStop WebSearch is available for download
at http://www.FirstStopWebSearch.

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The prices paid index fell 13 points and has
dropped 50 points over the past five months (see Chart).5 30.0 67.3
Capital Expenditures -- -- -- -- --

BUSINESS OUTLOOK SURVEY
(March 2006) Six Months from Now vs.6 31.com, a search engine for the
Spurl. It runs on any Microsoft Windows desktop and works with as many
sources as selected by the user.

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Twenty -two percent of the firms reported increases in activity; 10 percent
reported decreases.
The prices received index, at 15.4, was down three points from February and
has fallen steadily for five consecutive months (see Chart).5%
Computer skills 22.2% 9.6 10.9 67.7 11.9 3.5 5.9 48.
Social bookmarking systems, which have gained popularity over the past few
years, have brought a new approach to web searches.

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Philadelphia Fed Manufacturers Report Continued Growth

This is higher than in
2004, when 42 percent of the firms with job openings reported problems filling
positions.

Summary
Indicators of current activity all point to continued growth of the
region's manufacturing sector this month: Indexes for general activity, new
orders, shipments, and employment all remained positive.2 5. March

Previous
Diffusion No Diffusion
Index Increase Change Decrease Index

What is your evaluation
of the level of general
business activity? 31.6 18."
Although social bookmarking systems are still very young, their
human -built indexes grow every day as more and more people become active
users.