Professional and Technical Services Wages and Salaries in Pennsylvania
PAWPRO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50,542,338.00
Year-over-Year Change
16.15%
Date Range
1/1/1998 - 1/1/2025
Summary
The Professional and Technical Services Wages and Salaries in Pennsylvania trend measures average hourly earnings for employees in this industry sector within the state. It provides insight into compensation levels and economic conditions for a key part of Pennsylvania's service-based economy.
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 series tracks inflation-adjusted wages and salaries for workers in professional, scientific, and technical services industries in Pennsylvania. It is used by economists and policymakers to analyze labor market trends and assess the relative competitiveness of Pennsylvania's workforce.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Historical Context
This metric offers important context for evaluating Pennsylvania's economic performance and competitiveness.
Key Facts
- Pennsylvania's professional/technical services wages have risen over 20% since 2010.
- This sector accounts for over 7% of Pennsylvania's total employment.
- Wages in this industry are around 50% higher than the statewide average.
FAQs
Q: What does this economic trend measure?
A: This trend measures average hourly wages and salaries for workers in professional, scientific, and technical services industries across Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into labor market conditions and competitiveness for a key sector of Pennsylvania's economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Quarterly Census of Employment and Wages program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Pennsylvania's economic performance and competitiveness in professional services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
Related Trends
Real Personal Income for Pennsylvania
PARPI
Real Gross Domestic Product: Printing and Related Support Activities (323) in Pennsylvania
PAPRNTRGSP
All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Pennsylvania
SMU42000004142300001SA
Chain-Type Quantity Index for Real GDP: Arts, Entertainment, and Recreation (71) in Pennsylvania
PAARTENTRECQGSP
All Employees: Government: Local Government Educational Services in Pennsylvania
SMU42000009093161101
All Employees: Professional and Business Services: Scientific Research and Development Services in Pennsylvania
SMU42000006054170001
Citation
U.S. Federal Reserve, Professional and Technical Services Wages and Salaries in Pennsylvania (PAWPRO), retrieved from FRED.