U.S. Granted Utility Patents Originating in Scranton--Wilkes-Barre, PA (MSA)
PATENTCBSA142540 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
-30.00%
Date Range
1/1/2000 - 1/1/2015
Summary
This economic trend measures the number of utility patents originating in the Scranton--Wilkes-Barre, PA metropolitan statistical area (MSA). It provides insights into regional innovation and technological development in this specific geographic area.
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
The U.S. Granted Utility Patents Originating in Scranton--Wilkes-Barre, PA (MSA) trend tracks the total number of utility patents awarded to inventors and companies based in the Scranton--Wilkes-Barre metropolitan region. This data point is used by economists and policymakers to assess regional innovation capacity and competitiveness.
Methodology
The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Historical Context
Trends in utility patents can inform regional economic development strategies and investment decisions.
Key Facts
- Scranton--Wilkes-Barre is a metropolitan area in northeastern Pennsylvania.
- Utility patents protect new and useful inventions or processes.
- Patent data can signal a region's technological and commercial competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of utility patents originating from the Scranton--Wilkes-Barre, PA metropolitan statistical area. Utility patents protect new and useful inventions, devices, or processes.
Q: Why is this trend relevant for users or analysts?
A: Trends in utility patents can provide insights into regional innovation capacity, technological development, and commercial competitiveness. This data is useful for economists, policymakers, and businesses analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Patent and Trademark Office (USPTO).
Q: How is this trend used in economic policy?
A: Utility patent data can inform regional economic development strategies, investment decisions, and policies aimed at fostering innovation and technological advancement in specific geographic areas.
Q: Are there update delays or limitations?
A: There may be a time lag between when patents are granted and when the data is published and made available. Additionally, the data only reflects utility patents originating in the Scranton--Wilkes-Barre MSA, which may not capture all innovative activity in the region.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Scranton--Wilkes-Barre, PA (MSA) (PATENTCBSA142540), retrieved from FRED.