Forestry, Fishing, Related Activities, and Other Earnings in Pennsylvania
PAEFOR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
924,903.00
Year-over-Year Change
10.44%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Forestry, Fishing, Related Activities, and Other Earnings in Pennsylvania' series measures total earnings in this industry sector within the state of Pennsylvania. This metric provides insight into the economic performance and labor market trends of a key natural resource-based industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks total earnings, which includes wages, salaries, and supplements, for workers in Pennsylvania's forestry, fishing, and related activities. It is used by economists and policymakers to analyze the strength and direction of this important industry within the state's broader economy.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Historical Context
Trends in this industry's earnings are relevant for understanding Pennsylvania's natural resource-based economic activities and their role in the state's overall economic performance.
Key Facts
- Pennsylvania is a major producer of forestry and fishing products.
- Earnings in this sector account for over 2% of the state's total personal income.
- Industry employment levels have remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures total earnings, including wages, salaries, and supplements, for workers employed in Pennsylvania's forestry, fishing, and related activities industry sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in this industry's earnings provide insights into the economic performance and labor market conditions of a key natural resource-based sector within the Pennsylvania economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis as part of its regional economic accounts.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor the strength and direction of Pennsylvania's forestry, fishing, and related activities industry, which informs policy decisions related to natural resource management and regional economic development.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so it may not reflect the most current economic conditions.
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Citation
U.S. Federal Reserve, Forestry, Fishing, Related Activities, and Other Earnings in Pennsylvania (PAEFOR), retrieved from FRED.