All Employees: Construction in Pennsylvania
SMU42000002000000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259.90
Year-over-Year Change
15.82%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic indicator tracks the total number of employees in the construction industry in the state of Pennsylvania. It serves as an important measure of economic activity and labor market trends in this key sector.
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 All Employees: Construction in Pennsylvania data series provides a comprehensive count of the total number of individuals employed in the construction industry across the state. This metric is widely used by economists, policymakers, and analysts to gauge the overall health and performance of Pennsylvania's construction sector.
Methodology
The data is collected through monthly surveys of nonfarm business establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This construction employment statistic is closely monitored for insights into the broader economic and real estate landscape in Pennsylvania.
Key Facts
- Pennsylvania construction employment reached a record high in 2022.
- The construction sector accounts for over 5% of total employment in Pennsylvania.
- Construction job growth in Pennsylvania has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of employees working in the construction industry across the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The construction employment statistic provides valuable insights into the health and activity of a critical sector of Pennsylvania's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of nonfarm business establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this construction employment metric to gauge broader economic and real estate conditions in Pennsylvania.
Q: Are there update delays or limitations?
A: The construction employment data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Construction in Pennsylvania (SMU42000002000000001A), retrieved from FRED.