All Employees: Wholesale Trade: Merchant Wholesalers, Durable Goods in Ohio
Annual, Not Seasonally Adjusted
SMU39000004142300001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.10
Year-over-Year Change
14.72%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures annual, not seasonally adjusted employment in the private sector for the state of Pennsylvania. It provides important insights into the state's labor market conditions.
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 Annual, Not Seasonally Adjusted series tracks private sector employment in Pennsylvania on an annual basis without adjusting for seasonal variations. This unadjusted data offers a raw view of employment trends that can be useful for analyzing long-term patterns.
Methodology
The data is collected through surveys of businesses and establishments in Pennsylvania.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of Pennsylvania's economy.
Key Facts
- Pennsylvania private sector employed over 5.8 million workers in 2021.
- Employment levels declined during the COVID-19 pandemic but have since recovered.
- The Annual, Not Seasonally Adjusted series provides a comprehensive view of employment trends in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures annual, non-seasonally adjusted private sector employment in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This unadjusted employment data offers valuable insights into the long-term health and trends of Pennsylvania's labor market, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and establishments in Pennsylvania.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts utilize this trend to assess the state of Pennsylvania's economy and inform decision-making.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay in the most recent information. Additionally, the non-seasonally adjusted nature of the data should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SMU39000004142300001A), retrieved from FRED.